Walter Bloomberg
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EARTHQUAKE OF MAGNITUDE 7.05 STRIKES XIZANG - GFZ
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THREE-YEAR U.S. TREASURY YIELD FALLS TO 4.768%, LOWEST SINCE SEPTEMBER 18 LAST DOWN 13.93 BASIS POINTS AT 4.771%
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πŸ‡«πŸ‡· FRENCH 5-YEAR CDS RISE ABOVE 100 BPS, FIRST TIME SINCE OCTOBER 2012, LAST AT 97.75 BPS, LSEG DATA SHOWS
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SPOT SILVER EXTENDS LOSSES, DOWN NEARLY 5% AT $55.17/OZ
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US HYPERSCALERS FALL TRACKING BROADER DECLINES IN AI STOCKS

πŸ”Έ ORACLE DOWN 2.4%
πŸ”Έ ALPHABET FALLS 2.3%
πŸ”Έ MICROSOFT SLIPS 1.5%
πŸ”Έ AMAZON OFF 4%
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U.S. EMBASSY STAFF DEPARTURE IN SAUDI ARABIA LINKED TO HOUTHI THREAT, NOT IRAN ESCALATION β€” REPORT

Al-Monitor's Laura Rozen reports that the ordered departure of nonessential U.S. embassy personnel from Riyadh is entirely related to the Houthi threat, citing a source familiar with the situation.

The source said the move does not signal an imminent U.S. escalation against Iran, despite speculation surrounding American diplomatic staffing changes across the region.
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TRUMP ON IRAN: MAKING UP FAKE HITS, MINES, AND EVERYTHING ELSE TO DRIVE UP PRICE OF OIL
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- YIELD ON 10-YEAR TREASURY NOTE FALLS BELOW 5% FOR FIRST TIME SINCE SEPTEMBER 23, LAST DOWN 14.97 BASIS POINTS AT 4.996%
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TRUMP ACCUSES IRAN OF DRIVING UP OIL PRICES AHEAD OF U.S. MIDTERM ELECTIONS

President Trump claims Iran is deliberately pushing oil prices higher by creating threats to shipping through the Strait of Hormuz.

In a Truth Social post, Trump accused Iran of fabricating reports of attacks and mines, while also condemning its treatment of protesters.

Trump reiterated his position:

β€œIRAN CAN NEVER HAVE A NUCLEAR WEAPON, AND THEY WILL NEVER HAVE A NUCLEAR WEAPON!”
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U.S. 30-YR FIXED RATE MORTGAGE AVERAGES 7.32 PCT IN OCT 22 WEEK VS 7.40 PCT PRIOR WEEK-FREDDIE MAC
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$SKYD - *ELON MUSK INVESTS $1B IN ELLISON’S SKYDANCE: SEMAFOR
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$SKYD - ELON MUSK INVESTS ROUGHLY $1 BILLION IN SKYDANCE

Elon Musk has reportedly invested approximately $1B in David Ellison's Skydance, providing fresh capital as the company seeks to cut costs and support its stock price.

The investment comes alongside funding from other backers, including Laurene Powell Jobs.

Musk has longstanding ties to Oracle founder Larry Ellison, who invested $1B in Musk's Twitter acquisition and has guaranteed over $40B in equity financing for Paramount's Warner Bros. takeover.
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TRUMP: WHILE LISTENING TO OUR NATIONAL ANTHEM, LEBRON JAMES DISRESPECTS OUR COUNTRY; LEBRON JAMES SHOULD APOLOGIZE
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ISRAELI MILITARY OFFICIALS: NO REASON TO STRIKE IRAN BEFORE U.S. ELECTIONS

Senior Israeli military officials say there is no reason to attack Iran before the U.S. midterms unless they detect preparations for an Iranian missile launch.

According to Israeli journalist Yossi Yehoshua, officials also deny that Trump blocked an Israeli strike, saying no attack was being planned.

Israel did raise its military alert level in coordination with heightened U.S. readiness.
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TRADERS NO LONGER FULLY PRICE IN FED RATE HIKE BEFORE END-2026
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OIL FUTURES EXTEND GAINS, BRENT CRUDE PRICES UP BY $4 A BARREL TO FIVE-MONTH HIGH AS HOUTHI ATTACKS STOKE MIDDLE EAST SUPPLY FEARS
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TRUMP CALLED MUSK AND ASKED HIM TO LIFT UKRAINE STARLINK RESTRICTIONS -- WSJ
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TRUMP ASKS MUSK TO RESTORE UKRAINE'S STARLINK CAPABILITIES

Trump reportedly called Elon Musk and urged him to lift restrictions on Ukraine's military-grade Starlink service, according to the Wall Street Journal.

The speed cap had limited Ukraine's ability to operate drones and missile interceptors.

Officials say performance improved after the call, though full functionality has not been restored.
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PUTIN ON EASTERN UKRAINE: THAT'S HISTORICALLY RUSSIAN LAND
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Pretty useful I have to admit. I actually learned something
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