TRUMP THANKS ELON MUSK FOR SPACEX STOCK GIVEAWAY
President Trump praised Elon Musk for pledging SpaceX shares to millions of American children through Trump Accounts.
Trump called the initiative a major step toward giving children a stake in the American Dream.
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President Trump praised Elon Musk for pledging SpaceX shares to millions of American children through Trump Accounts.
Trump called the initiative a major step toward giving children a stake in the American Dream.
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THE TRUMP ADMINISTRATION HAS NOT APPROVED THE TRANSFER OF INTERCEPTOR MISSILES TO UKRAINE - WASHINGTON POST
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OPENAI RACES TO SECURE INVESTOR COMMITMENTS FOR PRIVATE ROUND BEFORE ANTHROPIC IPO, SOURCES SAY
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OPENAI SEEKS $1.4 TRILLION VALUATION AHEAD OF ANTHROPIC IPO
OpenAI is reportedly racing to raise $30 billion at a valuation exceeding $1.4 trillion before Anthropic’s expected November IPO.
SoftBank and MGX are among potential investors.
OpenAI reportedly claims $50 billion in annualized revenue, targeting $70 billion by year-end.
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OpenAI is reportedly racing to raise $30 billion at a valuation exceeding $1.4 trillion before Anthropic’s expected November IPO.
SoftBank and MGX are among potential investors.
OpenAI reportedly claims $50 billion in annualized revenue, targeting $70 billion by year-end.
(@WalterBloomberg)
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RUBIO: IT COULD BE ACCURATE THAT A BATCH OF INTERCEPTORS PURCHASED FOR UKRAINE UNDER PURL PROGRAM HAS NOT BEEN DELIVERED
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RUBIO: A CHINA, RUSSIA, US ARMS CONTROL DISCUSSION WOULD BE A POSITIVE THING FOR THE WORLD
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GOLDMAN SACHS RAISES COPPER PRICE FORECASTS
Goldman Sachs now expects copper to reach $14,700 per ton by end-2026 and average $15,400 in 2027, up from $13,735 and $13,800.
The bank forecasts supply deficits outside the U.S. of 950,000 tons in 2026 and 220,000 tons in 2027, driven by weaker mine output and stronger Chinese demand.
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Goldman Sachs now expects copper to reach $14,700 per ton by end-2026 and average $15,400 in 2027, up from $13,735 and $13,800.
The bank forecasts supply deficits outside the U.S. of 950,000 tons in 2026 and 220,000 tons in 2027, driven by weaker mine output and stronger Chinese demand.
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GENERAL MOTORS ($GM ) BEATS Q3 EARNINGS EXPECTATIONS
Q3 Results:
🔸 Revenue: $50.02B vs. $48.70B expected
🔸 Adjusted EPS: $3.70 vs. $3.63 expected
🔸 Adjusted EBIT: $4.11B vs. $4.25B expected
FY2026 Guidance:
🔸 Adjusted EPS: $12.75–$13.75 vs. $13.40 expected
🔸 Adjusted EBIT: $14.5B–$15.5B vs. $14.78B expected
The key takeaway: GM beat revenue and EPS estimates, although operating profit fell short of expectations.
(@WalterBloomberg)
Q3 Results:
🔸 Revenue: $50.02B vs. $48.70B expected
🔸 Adjusted EPS: $3.70 vs. $3.63 expected
🔸 Adjusted EBIT: $4.11B vs. $4.25B expected
FY2026 Guidance:
🔸 Adjusted EPS: $12.75–$13.75 vs. $13.40 expected
🔸 Adjusted EBIT: $14.5B–$15.5B vs. $14.78B expected
The key takeaway: GM beat revenue and EPS estimates, although operating profit fell short of expectations.
(@WalterBloomberg)
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RUBIO SAYS TRUMP 'FRUSTRATED' AT ACCUSATIONS HE HARMING UKRAINE
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$QCOM - QUALCOMM TO CUT JOBS GLOBALLY IN 'PERFORMANCE-FOCUSED REDUCTION' AFTER ANNUAL REVIEWS, INTERNAL MEMO SHOWS
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GOLDMAN SACHS WARNS INVESTOR RISK APPETITE IS COLLAPSING
Goldman Sachs says its risk-appetite indicator has turned negative for the first time since April, reaching its lowest level since the early stages of the Iran war.
Investors are selling AI stocks and moving into U.S. Treasurys, despite hotter-than-expected inflation.
South Korea's Kospi fell 4%, while AI startup Elice plunged over 30% on its trading debut.
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Goldman Sachs says its risk-appetite indicator has turned negative for the first time since April, reaching its lowest level since the early stages of the Iran war.
Investors are selling AI stocks and moving into U.S. Treasurys, despite hotter-than-expected inflation.
South Korea's Kospi fell 4%, while AI startup Elice plunged over 30% on its trading debut.
(@WalterBloomberg)
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$AAPL - LOOP CAPITAL DOWNGRADES APPLE ON IPHONE SHIPMENT CONCERNS
Loop Capital downgraded Apple to Hold from Buy, cutting its price target to $330 from $370.
Supply chain checks suggest Apple will not recover 13 million iPhone shipments cut from its 2026 plans.
Loop now expects 79 million iPhones in the December quarter versus Wall Street's 85 million.
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Loop Capital downgraded Apple to Hold from Buy, cutting its price target to $330 from $370.
Supply chain checks suggest Apple will not recover 13 million iPhone shipments cut from its 2026 plans.
Loop now expects 79 million iPhones in the December quarter versus Wall Street's 85 million.
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$CRWV - HSBC WARNS COREWEAVE IS SPENDING BILLIONS TO DESTROY VALUE
HSBC maintains its Reduce rating on CoreWeave, with a $39 price target implying 36% downside.
The bank estimates CoreWeave's 2026–2030 return on invested capital at 8.9%, below its borrowing costs.
With over $51 billion in debt and slowing AI revenue growth, HSBC warns further investment could destroy shareholder value.
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HSBC maintains its Reduce rating on CoreWeave, with a $39 price target implying 36% downside.
The bank estimates CoreWeave's 2026–2030 return on invested capital at 8.9%, below its borrowing costs.
With over $51 billion in debt and slowing AI revenue growth, HSBC warns further investment could destroy shareholder value.
(@WalterBloomberg)
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$TSLA - TESLA'S ROADSTER IMPRESSES, BUT WON'T MOVE THE NEEDLE
Cantor Fitzgerald reiterated its Overweight rating on Tesla, maintaining a $485 price target.
Tesla's new Roadster lineup includes Performance, Thrust and Rocket variants, with pricing starting at $250,000 including the reservation fee.
Despite calling the demonstration breathtaking, Cantor sees limited earnings impact, citing unclear production volumes and the vehicle's lack of street legality.
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Cantor Fitzgerald reiterated its Overweight rating on Tesla, maintaining a $485 price target.
Tesla's new Roadster lineup includes Performance, Thrust and Rocket variants, with pricing starting at $250,000 including the reservation fee.
Despite calling the demonstration breathtaking, Cantor sees limited earnings impact, citing unclear production volumes and the vehicle's lack of street legality.
(@WalterBloomberg)
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U.S. HOME PRICES REFUSE TO BUDGE
Redfin reports home prices rose 0.25% in September, with annual growth accelerating to 3.8%, the fastest since June 2025.
Prices climbed in 34 of 50 major metros, led by Philadelphia (+1.9%), while Fort Worth (-0.9%) saw the steepest decline.
The key takeaway: Buyers have more negotiating power, but sellers aren't blinking. Home prices keep rising.
(@WalterBloomberg)
Redfin reports home prices rose 0.25% in September, with annual growth accelerating to 3.8%, the fastest since June 2025.
Prices climbed in 34 of 50 major metros, led by Philadelphia (+1.9%), while Fort Worth (-0.9%) saw the steepest decline.
The key takeaway: Buyers have more negotiating power, but sellers aren't blinking. Home prices keep rising.
(@WalterBloomberg)
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U.S. PRIVATE-SECTOR HIRING LOSES MOMENTUM
ADP reports private employers added an average of 18,500 jobs per week over the four weeks ending October 3, down from 26,000 the previous week.
That's a 29% slowdown in the four-week moving average, signaling softer hiring momentum heading into October.
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ADP reports private employers added an average of 18,500 jobs per week over the four weeks ending October 3, down from 26,000 the previous week.
That's a 29% slowdown in the four-week moving average, signaling softer hiring momentum heading into October.
(@WalterBloomberg)
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🇺🇸PRESIDENT TRUMP'S DAILY SCHEDULE — TUESDAY, OCTOBER 20, 2026
🔸 8:00 AM — Executive Time
🔸 10:00 AM — Policy Meeting
🔸 12:30 PM — Policy Meeting (Oval Office)
🔸 1:30 PM — Announcement with the Vice President (Oval Office)
🔸 3:00 PM — Policy Meeting (Oval Office)
🔸 4:30 PM — Signing Time
🔸 7:00 PM — Political Rally in Greenville, North Carolina
🔸 All times Eastern Time (ET).
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🔸 8:00 AM — Executive Time
🔸 10:00 AM — Policy Meeting
🔸 12:30 PM — Policy Meeting (Oval Office)
🔸 1:30 PM — Announcement with the Vice President (Oval Office)
🔸 3:00 PM — Policy Meeting (Oval Office)
🔸 4:30 PM — Signing Time
🔸 7:00 PM — Political Rally in Greenville, North Carolina
🔸 All times Eastern Time (ET).
(@WalterBloomberg)
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US SEP HOUSING STARTS -5.2% TO 1.221M; CONSENSUS +2.0%
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