Walter Bloomberg
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U.S. STOCKS EXTEND FALL, DOW JONES <.DJI> DOWN 1.00 PCT
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IRAN'S SECURITY CHIEF REZAEI DELIVERS A MESSAGE FROM COUNTRY'S SUPREME LEADER MOJTABA KHAMENEI TO RUSSIA'S PUTIN - STATE MEDIA
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RUSSELL 2000 INDEX FALLS 2.5%, SET FOR BIGGEST ONE-DAY DROP SINCE JUNE 5
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ECB'S LAGARDE: CURRENT SITUATION MADE HARD BY ENERGY SHOCK AND AI PULLING IN OPPOSITE DIRECTIONS

ECB'S LAGARDE: VERY DIFFICULT TO DISENTANGLE SUPPLY DRIVEN AND DEMAND DRIVEN SHOCKS

ECB'S LAGARDE: STILL NECESSARY TO APPLY TOOLS TO AVOID INFLATION RUNNING AWAY
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ECB'S LAGARDE: DON'T EXPECT U.S. TARIFFS TO BE REVISITED RIGHT AWAY

ECB'S LAGARDE: U.S. MID-TERM VOTE MAY HAVE AN IMPACT ON TARIFFS BUT IT'LL TAKE TIME
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$VIX > 27
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MAGNIFICENT SEVEN ERASE $1.1 TRILLION IN BRUTAL TECH SELLOFF

The Magnificent Seven are on track to lose $1.1 trillion in combined market capitalization in a single session, as the Nasdaq tumbles into correction territory.

The decline would mark the group's largest one-day market value loss since April 2025 and its second-largest on record.

Tesla is leading the selloff, with shares plunging more than 10%.
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WALL STREET FEAR GAUGE SURGES 48% IN BIGGEST SPIKE SINCE LIBERATION DAY

The CBOE Volatility Index (VIX) jumped as much as 48%, marking its largest percentage surge since April 4, 2025, when Trump's sweeping tariff announcements triggered a market meltdown.

The spike comes as investors aggressively unwind popular stock market trades amid a sharp technology-led selloff.

Despite the dramatic increase, the VIX remains below 25, still lower than levels reached during the early stages of the Iran war and well below its post-Liberation Day peaks.
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$AAPL: -0.52%
$NVDA: -8.65%
$MSFT: -3.58%
$GOOGL: -3.11%
$AMZN: -4.18%
$META: -6.04%
$TSLA: -10.73%
$SPCX: -10.74%
$AMD: -16.12%
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WALL STREET WATCHES CIRCUIT BREAKERS AS S&P 500 PLUNGES 3.8%

US stocks are sliding sharply, bringing market-wide trading halt thresholds into focus.

Under US circuit-breaker rules, the following S&P 500 levels would trigger:

πŸ”Έ 7% decline β€” 7,150.41: 15-minute trading halt
πŸ”Έ 13% decline β€” 6,689.09: Another 15-minute halt
πŸ”Έ 20% decline β€” 6,150.89: Trading suspended for the rest of the session

The 7% and 13% halts apply only before 3:25 p.m. ET, while the 20% threshold applies throughout the trading day.
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$NVDA - NVIDIA TURNS NEGATIVE FOR 2026 AS AI STOCK SELLOFF DEEPENS

Nvidia has erased its gains for the year, as a brutal semiconductor selloff continues to hammer Wall Street's AI trade.

Shares plunged approximately 8% on Thursday, leaving the chip giant down around 2% year to date.

The Nasdaq Composite is also on track for its worst trading session since Trump's 2025 tariff turmoil.

Nvidia is now heading toward its worst annual performance since 2022, if current losses persist.
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UKRAINIAN FOREIGN MINISTER SAYS EXPECTS NEW STEPS TO SUPPORT UKRAINE AFTER U.S MID-TERM
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US FIRST LADY MELANIA TRUMP: LET OLESHKY CEASEFIRE BE SPARK THAT GROWS INTO LASTING FLAME OF PEACE
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*IRAN REVIEWING β€˜CONCRETE PROPOSALS’ ON NUCLEAR PROGRAM: NYT
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IRAN REFUSES TO REOPEN STRAIT OF HORMUZ

Ending the Iran war is reportedly the main focus of Rezaei-Putin talks, according to Al Mayadeen.

Iran insists the Strait of Hormuz will remain closed until its seven conditions are met, ruling out negotiations over that decision.
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IRAN REVIEWS CONCRETE NUCLEAR DEAL PROPOSALS IN POTENTIAL DIPLOMATIC BREAKTHROUGH

Iran is reviewing new proposals on its nuclear program that could help end the war with the United States, according to The New York Times, citing five officials.

Qatar-led mediation has gained momentum, with talks held in Tehran and Doha, while Vice President JD Vance is reportedly pushing for a negotiated settlement.

Major disagreements remain over Iran's enriched uranium stockpile, sanctions and the Strait of Hormuz.
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BITCOIN PLUNGES BELOW $76,000 AS TECH SELLOFF SPARKS CRYPTO ROUT

Bitcoin fell as much as 5.8% to a seven-week low, dropping below $76,000 as Wall Street's technology selloff spread to cryptocurrencies.

The Nasdaq 100 plunged 6.4%, while concerns over tighter AI regulation following Democrats' midterm victory intensified risk aversion.

Crypto markets are also facing pressure from the Binance hack, with investors withdrawing $1 billion from spot Bitcoin ETFs. BlackRock's IBIT accounted for roughly $900 million of those outflows.
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DEMOCRATS SWEEP CONGRESS. FED HIKE BETS RETREAT.

Following the midterm results, December Fed hike odds have fallen from above 80% to 67%.

Prediction markets now put the chance of a hold at 33%, its highest since mid-September.
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OPENAI UNVEILS GPT-6 CYBER, CLASSIFIED AS CRITICAL CYBERSECURITY CAPABILITY

OpenAI has introduced GPT-6 Cyber, upgrading its cybersecurity capability classification to Critical, from High for GPT-5.6 Cyber.

The model reportedly identified 81 previously unknown high-severity Firefox vulnerabilities and helped identify and develop working exploits for 948 Linux kernel vulnerabilities, including 588 previously unknown issues.

GPT-6 Cyber is rolling out to select Daybreak Red customers, with broader access planned over the coming weeks.

OpenAI also warned of increasing attempts by malicious actors to misuse cybersecurity models.
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ANTHROPIC IPO ODDS PLUNGE AS TECH SELLOFF DEEPENS

Anthropic's chances of going public in 2026 have fallen below 60% on Kalshi, down from nearly 90% before the midterms.

Investors are reportedly targeting a $1.5T–$1.6T valuation for the Claude developer, down from earlier estimates near $2T.

Despite the tech selloff, prediction-market traders still expect an IPO within months.

Sources: Kalshi, The Wall Street Journal
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