VANCE OPENS DIRECT CHANNEL TO IRAN AS US STRIKES LOOM
Vice President JD Vance has reportedly contacted Iranian security chief Mohsen Rezaei in an effort to restart peace negotiations before potential US military strikes following the midterm elections.
According to The Wall Street Journal, Vance sent a letter at President Trump's direction, exploring a framework for renewed talks rather than a finalized peace proposal.
Washington continues to demand nuclear concessions, while Tehran seeks sanctions relief and an end to the US naval blockade.
(@WalterBloomberg)
Vice President JD Vance has reportedly contacted Iranian security chief Mohsen Rezaei in an effort to restart peace negotiations before potential US military strikes following the midterm elections.
According to The Wall Street Journal, Vance sent a letter at President Trump's direction, exploring a framework for renewed talks rather than a finalized peace proposal.
Washington continues to demand nuclear concessions, while Tehran seeks sanctions relief and an end to the US naval blockade.
(@WalterBloomberg)
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BESSENT: THINK WE ARE GETTING ENERGY SUPPLY SHOCK, THINK FED SHOULD HAVE AN OPEN MIND
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BESSENT: THINK WE WILL GET STRONG GDP NUMBER FOR THIRD QUARTER
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BESSENT: HE AND TRUMP HAVE A LOT OF CONFIDENCE IN WARSH
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BESSENT: FED IS VERY ATTENTIVE TO BEING ABOVE INFLATION TARGET FOR A LONG TIME
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BESSENT: IRAN IS NOT ABLE TO GET DOLLARS, AND FUNDING FOR THEIR PROXIES IS GOING DOWN - CNBC
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TRUMP SAYS HE DIDN’T TELL VANCE TO WRITE TO IRAN
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ECB PRESIDENT LAGARDE TO STEP DOWN EARLY IN FEBRUARY 2027
European Central Bank President Christine Lagarde announced she will resign on February 7, 2027, eight months before her term expires.
Her departure triggers a major leadership contest as the ECB confronts elevated inflation, rising bond yields and geopolitical uncertainty.
Pablo Hernández de Cos of Spain and Klaas Knot of the Netherlands are leading contenders to replace her.
Markets currently expect further ECB interest-rate hikes following increases in June and September.
The key takeaway: Lagarde’s early exit adds leadership uncertainty at a critical moment for European monetary policy, with inflation pressures and sovereign debt risks already testing the eurozone.
(@WalterBloomberg)
European Central Bank President Christine Lagarde announced she will resign on February 7, 2027, eight months before her term expires.
Her departure triggers a major leadership contest as the ECB confronts elevated inflation, rising bond yields and geopolitical uncertainty.
Pablo Hernández de Cos of Spain and Klaas Knot of the Netherlands are leading contenders to replace her.
Markets currently expect further ECB interest-rate hikes following increases in June and September.
The key takeaway: Lagarde’s early exit adds leadership uncertainty at a critical moment for European monetary policy, with inflation pressures and sovereign debt risks already testing the eurozone.
(@WalterBloomberg)
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MICROSOFT KICKS OFF 10-PART USD HIGH-GRADE BOND OFFERING
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MICROSOFT TAPS US HIGH-GRADE BONDS FOR FIRST TIME SINCE 2017
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ALPHABET ($GOOGL ) DOWN 11% PREMARKET AFTER Q3 EARNINGS
Wall Street responds with 13 price-target cuts and one rating downgrade.
PRICE TARGET CUTS — RANKED BY SIZE
🔸 Citi: $447 → $375 (−$72 / −16.1%)
🔸 Susquehanna: $460 → $400 (−$60 / −13.0%)
🔸 Bernstein: $385 → $325 (−$60 / −15.6%)
🔸 BofA: $430 → $380 (−$50 / −11.6%)
🔸 DA Davidson: $350 → $300 (−$50 / −14.3%)
🔸 Morgan Stanley: $400 → $375 (−$25 / −6.3%)
🔸 KeyBanc: $410 → $385 (−$25 / −6.1%)
🔸 Rosenblatt: $410 → $380 (−$30 / −7.3%)
🔸 Barclays: $425 → $405 (−$20 / −4.7%)
🔸 Baird: $400 → $380 (−$20 / −5.0%)
🔸 Evercore ISI: $450 → $435 (−$15 / −3.3%)
RATING DOWNGRADE
🔸 Citizens: Market Outperform → Market Perform
UNCHANGED BULLISH TARGETS
🔸 Pivotal Research: $475 — Buy
🔸 Canaccord: $450 — Buy
🔸 Guggenheim: $450 — Buy
(@WalterBloomberg)
Wall Street responds with 13 price-target cuts and one rating downgrade.
PRICE TARGET CUTS — RANKED BY SIZE
🔸 Citi: $447 → $375 (−$72 / −16.1%)
🔸 Susquehanna: $460 → $400 (−$60 / −13.0%)
🔸 Bernstein: $385 → $325 (−$60 / −15.6%)
🔸 BofA: $430 → $380 (−$50 / −11.6%)
🔸 DA Davidson: $350 → $300 (−$50 / −14.3%)
🔸 Morgan Stanley: $400 → $375 (−$25 / −6.3%)
🔸 KeyBanc: $410 → $385 (−$25 / −6.1%)
🔸 Rosenblatt: $410 → $380 (−$30 / −7.3%)
🔸 Barclays: $425 → $405 (−$20 / −4.7%)
🔸 Baird: $400 → $380 (−$20 / −5.0%)
🔸 Evercore ISI: $450 → $435 (−$15 / −3.3%)
RATING DOWNGRADE
🔸 Citizens: Market Outperform → Market Perform
UNCHANGED BULLISH TARGETS
🔸 Pivotal Research: $475 — Buy
🔸 Canaccord: $450 — Buy
🔸 Guggenheim: $450 — Buy
(@WalterBloomberg)
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SEAPORT INITIATES ANTHROPIC COVERAGE, WITHHOLDS RATING AHEAD OF IPO
Seaport Global Securities analyst Jay Goldberg initiated coverage of Anthropic, but deferred assigning a rating until the company's anticipated IPO.
Goldberg highlighted Anthropic's leading AI model capabilities as a competitive advantage, while warning of significant risks tied to rising capital requirements and a complex governance structure.
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Seaport Global Securities analyst Jay Goldberg initiated coverage of Anthropic, but deferred assigning a rating until the company's anticipated IPO.
Goldberg highlighted Anthropic's leading AI model capabilities as a competitive advantage, while warning of significant risks tied to rising capital requirements and a complex governance structure.
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KALSHI: ANNOUNCING $1 BLN SERIES G AT $40 BLN POST-MONEY VALUATION, CO-LED BY SEQUOIA & WELLINGTON
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MICROSOFT LOOKS TO RAISE AT LEAST $25 BILLION FROM US BOND SALE
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TRUMP CLAIMS RECORD MIDTERM CROWDS AND 99% GOP APPROVAL
President Trump claims his midterm rally crowds are five times larger than historical records, with 99% approval among Republicans.
Trump also announced a South Carolina rally today supporting Darline Graham.
(@WalterBloomberg)
President Trump claims his midterm rally crowds are five times larger than historical records, with 99% approval among Republicans.
Trump also announced a South Carolina rally today supporting Darline Graham.
(@WalterBloomberg)
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US SEPTEMBER PCE INFLATION RISES TO 3.6%, MATCHING EXPECTATIONS
Headline PCE inflation rose 0.5% month over month, matching forecasts and accelerating from 0.3% in August.
Key figures:
🔸 Headline PCE YoY: 3.6% vs. 3.6% expected; prior 3.4%
🔸 Core PCE YoY: 3.1% vs. 3.1% expected; prior 3.0%
🔸 Core PCE MoM: +0.3% vs. +0.3% expected
🔸 Services ex-energy/housing: +0.4% MoM
🔸 Core PCE ex-housing: +0.3% MoM
🔸 Personal saving rate: 3.8% vs. 4.0% prior
(@WalterBloomberg)
Headline PCE inflation rose 0.5% month over month, matching forecasts and accelerating from 0.3% in August.
Key figures:
🔸 Headline PCE YoY: 3.6% vs. 3.6% expected; prior 3.4%
🔸 Core PCE YoY: 3.1% vs. 3.1% expected; prior 3.0%
🔸 Core PCE MoM: +0.3% vs. +0.3% expected
🔸 Services ex-energy/housing: +0.4% MoM
🔸 Core PCE ex-housing: +0.3% MoM
🔸 Personal saving rate: 3.8% vs. 4.0% prior
(@WalterBloomberg)
US GDP BEATS EXPECTATIONS AS INFLATION ACCELERATES
US Q3 GDP grew 3.4% annualized, beating the 3.2% forecast and accelerating from 2.2% in Q2.
GDP & CONSUMPTION
🔸 GDP: 3.4% vs. 3.2% est.
🔸 Personal Consumption: 3.8% vs. 3.4% est.
🔸 GDP Price Index: 2.3% vs. 3.2% est.
🔸 Q3 Core PCE: 2.5% vs. 2.4% est.
SEPTEMBER INFLATION
🔸 Headline PCE YoY: 3.6% vs. 3.6% est.
🔸 Core PCE YoY: 3.1% vs. 3.1% est.
🔸 Headline PCE MoM: 0.5% vs. 0.5% est.
🔸 Core PCE MoM: 0.3% vs. 0.3% est.
CONSUMER & LABOR DATA
🔸 Personal Income: +0.2% vs. +0.3% est.
🔸 Personal Spending: +0.5% vs. +0.6% est.
🔸 Real Spending: 0.0% vs. +0.1% est.
🔸 Initial Jobless Claims: 194K vs. 198K est.
🔸 Continuing Claims: 1.701M vs. 1.720M est.
(@WalterBloomberg)
US Q3 GDP grew 3.4% annualized, beating the 3.2% forecast and accelerating from 2.2% in Q2.
GDP & CONSUMPTION
🔸 GDP: 3.4% vs. 3.2% est.
🔸 Personal Consumption: 3.8% vs. 3.4% est.
🔸 GDP Price Index: 2.3% vs. 3.2% est.
🔸 Q3 Core PCE: 2.5% vs. 2.4% est.
SEPTEMBER INFLATION
🔸 Headline PCE YoY: 3.6% vs. 3.6% est.
🔸 Core PCE YoY: 3.1% vs. 3.1% est.
🔸 Headline PCE MoM: 0.5% vs. 0.5% est.
🔸 Core PCE MoM: 0.3% vs. 0.3% est.
CONSUMER & LABOR DATA
🔸 Personal Income: +0.2% vs. +0.3% est.
🔸 Personal Spending: +0.5% vs. +0.6% est.
🔸 Real Spending: 0.0% vs. +0.1% est.
🔸 Initial Jobless Claims: 194K vs. 198K est.
🔸 Continuing Claims: 1.701M vs. 1.720M est.
(@WalterBloomberg)
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