JPMORGAN'S DIMON WARNS OF RISKS DESPITE STRONG U.S. ECONOMY
Jamie Dimon says the U.S. economy remains solid, supported by business investment and consumer spending.
However, rising interest rates, sticky inflation, large deficits and geopolitical tensions pose growing risks.
“We remain prepared for a wide range of outcomes.”
(@WalterBloomberg)
Jamie Dimon says the U.S. economy remains solid, supported by business investment and consumer spending.
However, rising interest rates, sticky inflation, large deficits and geopolitical tensions pose growing risks.
“We remain prepared for a wide range of outcomes.”
(@WalterBloomberg)
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BOFA: U.S. TREASURY YIELDS MAY NEED TO HIT 6% TO DERAIL STOCK RALLY
Bank of America's latest fund manager survey finds that 10-year Treasury yields would need to approach 6% before investors meaningfully shift money from stocks into bonds.
Key findings:
🔸 76% expect the Fed to hold rates steady in October.
🔸 Technology exposure is the highest since August 2020.
🔸 Consumer discretionary exposure is the lowest since July 2008.
🔸 Long semiconductors remains the most crowded trade.
🔸 Biggest market risks: A disorderly bond yield surge and an AI bubble.
Investors are reducing exposure to banks and U.S. stocks, while increasing allocations to bonds, utilities, Japan and the UK.
Bottom line: Equity sentiment remains resilient, but rising yields and AI-related risks are becoming major concerns.
(@WalterBloomberg)
Bank of America's latest fund manager survey finds that 10-year Treasury yields would need to approach 6% before investors meaningfully shift money from stocks into bonds.
Key findings:
🔸 76% expect the Fed to hold rates steady in October.
🔸 Technology exposure is the highest since August 2020.
🔸 Consumer discretionary exposure is the lowest since July 2008.
🔸 Long semiconductors remains the most crowded trade.
🔸 Biggest market risks: A disorderly bond yield surge and an AI bubble.
Investors are reducing exposure to banks and U.S. stocks, while increasing allocations to bonds, utilities, Japan and the UK.
Bottom line: Equity sentiment remains resilient, but rising yields and AI-related risks are becoming major concerns.
(@WalterBloomberg)
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AI IS AN INFLATION PROBLEM, FED’S GOOLSBEE SAYS - SEMAFOR
(@WalterBloomberg)
(@WalterBloomberg)
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FED'S GOOLSBEE WARNS AI BOOM COULD FUEL BROADER U.S. INFLATION
Chicago Fed President Austan Goolsbee warns that AI-driven price pressures are spreading beyond data centers, raising concerns about overheating in the U.S. economy.
Surging demand for electricity, construction, land and equipment is pushing up costs across other industries.
Goolsbee cautioned that persistent inflation could force the Fed to maintain tighter monetary policy or raise rates further.
“I'm getting increasingly nervous that that's just straight, old-fashioned overheating demand.”
(@WalterBloomberg)
Chicago Fed President Austan Goolsbee warns that AI-driven price pressures are spreading beyond data centers, raising concerns about overheating in the U.S. economy.
Surging demand for electricity, construction, land and equipment is pushing up costs across other industries.
Goolsbee cautioned that persistent inflation could force the Fed to maintain tighter monetary policy or raise rates further.
“I'm getting increasingly nervous that that's just straight, old-fashioned overheating demand.”
(@WalterBloomberg)
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$NFLX - NETFLIX - SECURES EXCLUSIVE FIFA WORLD CUP 2030 BROADCAST RIGHTS IN SPAIN AND ANDORRA
(@WalterBloomberg)
(@WalterBloomberg)
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FED'S WALLER: SURGING U.S. BOND YIELDS DRIVEN BY GROWTH, NOT INFLATION
Fed Governor Christopher Waller says strong economic growth and AI investment are pushing Treasury yields higher, while inflation expectations remain anchored.
He warns that weaker safe-haven demand for U.S. debt could be adding 50–70 basis points to yields.
Waller expects the AI investment boom to continue for another 2–3 years.
(@WalterBloomberg)
Fed Governor Christopher Waller says strong economic growth and AI investment are pushing Treasury yields higher, while inflation expectations remain anchored.
He warns that weaker safe-haven demand for U.S. debt could be adding 50–70 basis points to yields.
Waller expects the AI investment boom to continue for another 2–3 years.
(@WalterBloomberg)
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U.S. ALCOHOL CONSUMPTION HITS RECORD LOW AS DRINKING HABITS SHIFT
Americans are drinking less alcohol than ever recorded, according to Gallup, despite the country becoming less religious.
The biggest declines are among Catholics, nonreligious Americans and infrequent churchgoers — groups historically more likely to drink.
Meanwhile, concerns about alcohol's health risks are rising across all religious groups.
Gallup suggests changing health attitudes, rather than religion, may be driving the nationwide decline.
(@WalterBloomberg)
Americans are drinking less alcohol than ever recorded, according to Gallup, despite the country becoming less religious.
The biggest declines are among Catholics, nonreligious Americans and infrequent churchgoers — groups historically more likely to drink.
Meanwhile, concerns about alcohol's health risks are rising across all religious groups.
Gallup suggests changing health attitudes, rather than religion, may be driving the nationwide decline.
(@WalterBloomberg)
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IRAN WARNS U.S. OF MILITARY CONSEQUENCES AS OIL PRICES RISE
Iranian officials have issued fresh warnings against U.S. military action, adding to geopolitical tensions in the Middle East.
Iran's Deputy Foreign Minister warned that another U.S. military operation would have consequences extending beyond the region.
Meanwhile, a senior IRGC commander declared that Iran is ready to respond to any new military aggression.
Crude oil prices are moving higher amid the escalating rhetoric.
(@WalterBloomberg)
Iranian officials have issued fresh warnings against U.S. military action, adding to geopolitical tensions in the Middle East.
Iran's Deputy Foreign Minister warned that another U.S. military operation would have consequences extending beyond the region.
Meanwhile, a senior IRGC commander declared that Iran is ready to respond to any new military aggression.
Crude oil prices are moving higher amid the escalating rhetoric.
(@WalterBloomberg)
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SAUDI-LED COALITION SPOKESPERSON SAYS WARNING TO BE ISSUED SHORTLY FOR CIVILIANS TO EVACUATE SITE IN YEMEN'S SANAA AHEAD OF SPECIAL OPERATION
(@WalterBloomberg)
(@WalterBloomberg)
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OPEC RAISES 2027 OIL DEMAND FORECAST AS SAUDI PRODUCTION SURGES
OPEC has raised its 2027 global oil demand growth forecast to 2.55M bpd, up from 2.36M bpd.
However, it cut its 2026 forecast to just 180,000 bpd, down from 380,000 bpd.
Meanwhile, OPEC+ crude output rose by 900,000 bpd in September to 39.07M bpd.
Saudi Arabia reported a sharp production increase to 8.37M bpd, up from 6.24M bpd in August.
(@WalterBloomberg)
OPEC has raised its 2027 global oil demand growth forecast to 2.55M bpd, up from 2.36M bpd.
However, it cut its 2026 forecast to just 180,000 bpd, down from 380,000 bpd.
Meanwhile, OPEC+ crude output rose by 900,000 bpd in September to 39.07M bpd.
Saudi Arabia reported a sharp production increase to 8.37M bpd, up from 6.24M bpd in August.
(@WalterBloomberg)
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JPMORGAN CFO: INVESTMENT BANKING PIPELINE REMAINS ROBUST DESPITE SLOWDOWN
JPMorgan CFO Jeremy Barnum says investment banking conditions remain highly supportive, despite a slowdown in the second half of September.
He emphasized that deals are being delayed rather than canceled, with the overall pipeline remaining robust.
Barnum also warned that buyers and sellers may temporarily move further apart on valuations as markets adjust.
Meanwhile, underlying U.S. consumer spending remains strong.
(@WalterBloomberg)
JPMorgan CFO Jeremy Barnum says investment banking conditions remain highly supportive, despite a slowdown in the second half of September.
He emphasized that deals are being delayed rather than canceled, with the overall pipeline remaining robust.
Barnum also warned that buyers and sellers may temporarily move further apart on valuations as markets adjust.
Meanwhile, underlying U.S. consumer spending remains strong.
(@WalterBloomberg)
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HASSETT: FED TO KEEP INFLATION IN CONTROL, NOT KILL THE ECONOMY.
(@WalterBloomberg)
(@WalterBloomberg)
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YEMEN'S HOUTHIS WARNS SAUDI ARABIA THAT ANY ATTACK ON SANAA WILL BE MET WTIH 'HARSH' RESPONSE IN RIYADH -SPOKESPERSON
(@WalterBloomberg)
(@WalterBloomberg)
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HASSETT: FED MAY SEE INFLATION SLOWDOWN AS REASON TO HOLD
(@WalterBloomberg)
(@WalterBloomberg)
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TRUMP'S SCHEDULE — TUESDAY, OCTOBER 13
🔸 8:00 AM ET — Executive Time
🔸 9:30 AM ET — White House Press Briefing
🔸 7:30 PM ET — Trump Rally in Wasilla, Alaska (3:30 PM local)
TRAVEL SCHEDULE (TBD):
Washington, D.C. → Wasilla, Alaska
Wasilla, Alaska → Las Vegas, Nevada
Final destination: Trump International Hotel, Las Vegas.
All times Eastern unless otherwise noted.
(@WalterBloomberg)
🔸 8:00 AM ET — Executive Time
🔸 9:30 AM ET — White House Press Briefing
🔸 7:30 PM ET — Trump Rally in Wasilla, Alaska (3:30 PM local)
TRAVEL SCHEDULE (TBD):
Washington, D.C. → Wasilla, Alaska
Wasilla, Alaska → Las Vegas, Nevada
Final destination: Trump International Hotel, Las Vegas.
All times Eastern unless otherwise noted.
(@WalterBloomberg)
HIGHER INTEREST RATES COULD PUT STRESS ON THE U.S. ECONOMY, JPMORGAN EXECUTIVES SAY
(@WalterBloomberg)
(@WalterBloomberg)
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JPMORGAN CEO JAMIE DIMON WARNS OF RISKS FROM AI AGENTS ACCESSING BANK ACCOUNTS
Jamie Dimon warns that giving AI agents access to bank accounts carries serious security and liability risks.
He says customers must understand that responsibility for misuse could shift when third-party AI tools access their finances.
JPMorgan will restrict outside AI agents from accessing its systems while developing tools to protect customers.
“We're not going to allow just any outside agent to come in.”
(@WalterBloomberg)
Jamie Dimon warns that giving AI agents access to bank accounts carries serious security and liability risks.
He says customers must understand that responsibility for misuse could shift when third-party AI tools access their finances.
JPMorgan will restrict outside AI agents from accessing its systems while developing tools to protect customers.
“We're not going to allow just any outside agent to come in.”
(@WalterBloomberg)
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HOUTHIS WARN OF NEW ATTACKS ON SAUDI OIL FACILITIES
Yemen's Houthis have warned workers to stay away from Saudi oil facilities, citing potential military strikes.
The group also renewed warnings to airlines, airports and passengers in previously designated areas.
Saudi energy infrastructure and regional aviation face renewed threats.
(@WalterBloomberg)
Yemen's Houthis have warned workers to stay away from Saudi oil facilities, citing potential military strikes.
The group also renewed warnings to airlines, airports and passengers in previously designated areas.
Saudi energy infrastructure and regional aviation face renewed threats.
(@WalterBloomberg)
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MARTIN SHKRELI VIOLATED LIFETIME PHARMA INDUSTRY BAN, FTC AND STATES SAY IN CONTEMPT CLAIM - CNBC
(@WalterBloomberg)
(@WalterBloomberg)
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