*KAZAKHSTAN: OIL EXPORTS TO GERMANY WON'T RESUME BY END-2026:IFX
(@WalterBloomberg)

PROTESTERS STORM MICROSOFT DATA CENTER IN THE NETHERLANDS

Around 100 protesters entered Microsoft's data center near Amsterdam on Friday, opposing the expansion of AI infrastructure.

Activists from Geef Tegengas accused AI data centers of consuming local resources and harming the environment.
(@WalterBloomberg)

SOFTBANK PLUNGES 59% AS DEBT-FUELED AI BETS UNRAVEL

SoftBank shares fell another 10.8% Friday, extending losses to 59% since early June.

The company added $40.4 billion in debt over 12 months to fund AI investments, including $64 billion in OpenAI.

Meanwhile, Arm shares have plunged 51% since June 30, weakening SoftBank's asset backing as credit-default swaps rise and bond prices fall.

SoftBank's reported leverage was 13%, below its self-imposed 25% limit, suggesting a substantial remaining cushion.
(@WalterBloomberg)

STARLINK AND ONEWEB SATELLITE COMMUNICATIONS SERVICES POSE RISKS OF DESTABILISING THE SOCIO-POLITICAL SITUATION IN SOVEREIGN COUNTRIES, RIA CITES RUSSIAN SECURITY COUNCIL
(@WalterBloomberg)

IRAN NOT SATISFIED WITH 'PAPER COMMITMENTS', MUST SEE PRACTICAL US MOVES BEFORE ANY DIPLOMACY - DEPUTY HEAD OF IRAN'S TOP SECURITY BODY TELLS STATE TV
(@WalterBloomberg)

US CHIP STOCKS SURGE AS PREMARKET REBOUND ACCELERATES

Semiconductor stocks extend Friday's premarket gains:

🔸 $MU: +9.2%
🔸 $AMD: +8.3%
🔸 $ARM: +7.4%
🔸 $INTC: +6.2%
🔸 $NVDA: +5.0%
🔸 $AVGO: +4.9%
🔸 $QCOM: +3.4%
🔸 $SOXX: +5.9%
(@WalterBloomberg)

$TSLA - TESLA TO END CYBERTRUCK PRODUCTION IN MAJOR AI PIVOT

Elon Musk announced Tesla will wind down Cybertruck production by mid-2027, freeing capacity at Gigafactory Texas for Cybercab robotaxi production.

The Cybertruck fell far short of Tesla's 250,000 annual sales target.

US sales dropped 48% in 2025 to just 20,237 vehicles, with another 38% decline through September 2026.

Tesla is now doubling down on AI-powered autonomous driving as its next major growth opportunity.
(@WalterBloomberg)

TRUMP ON AI: WILL WORK WITH MANY STATES IN U.S. THAT WANT TO BECOME RICH BY HAVING THEM
(@WalterBloomberg)

TRUMP BACKS AI SUPERINTELLIGENCE 100%

Trump declares full support for Super Intelligence (SI), pledging to work with US states embracing the technology.

He calls it “GOLD” and says only “foolish leadership” would reject its economic potential.
(@WalterBloomberg)

GOLDMAN SACHS SLASHES GOLD PRICE FORECASTS

Goldman Sachs cuts its gold targets following the Fed's hawkish shift:

🔸 End-2026: $4,150, down from $4,650
🔸 End-2027: $4,800, down from $5,400

Goldman expects a December rate hike, with potential rate cuts beginning in late 2027.

Despite near-term pressure, the bank forecasts 60 tonnes of monthly central bank purchases, supporting approximately 15% upside by end-2027.
(@WalterBloomberg)

UBS WARNS NASDAQ FUTURES REBOUND MAY BE MISLEADING

Nasdaq futures are rising after Thursday's AI-driven selloff, but UBS strategist Gerry Fowler warns more selling could follow.

US trend-following quant funds remain heavily exposed to equities and may still need to reduce positions.

Fowler says the rebound reflects tentative buying in thin futures markets, not necessarily a genuine recovery.
(@WalterBloomberg)

US AND IRAN NEAR POTENTIAL BREAKTHROUGH IN PEACE TALKS

The US and Iran are moving closer to a potential agreement to end the war, according to Bloomberg.

Tehran is reportedly willing to discuss nuclear issues previously considered off-limits, signaling a possible shift in negotiations.
(@WalterBloomberg)

Tasnim: "Unconfirmed reports of a U.S. aircraft being targeted off the coast of Oman."
(@WalterBloomberg)

*INVESTORS SAID TO DISCUSS ANTHROPIC IPO VALUE OF $1.2T-$1.3T
(@WalterBloomberg)

BUNKER HILL COMPLETES MERGER WITH SILVER47. PORTFOLIO NOW INCLUDES ONE PRODUCING MINE AMONG FOUR U.S. SILVER AND CRITICAL MINERAL PROJECTS.

BUNKER HILL TOTAL RESOURCE INVENTORY: 80 MILLION OUNCES SILVER EQUIVALENT M&I AND 308 MILLION OUNCES SILVER EQUIVALENT INFERRED $BHLL
(@WalterBloomberg)

U.S. October Nonfarm Payrolls Due 8:30 a.m. ET

U.S. October Unemployment Rate Due 8:30 a.m. ET
(@WalterBloomberg)

Softbank in discussions to invest hundreds of millions in OpenAI's latest funding round - NYT DealBook
(@WalterBloomberg)

YARDENI CALLS MARKET SELLOFF A BUYING OPPORTUNITY

Yardeni Research says Thursday's sharp selloff was overdone, despite growing political opposition to AI infrastructure.

🔸 S&P 500: -4.4%
🔸 Nasdaq: -5.5%, entering correction territory
🔸 45% of planned US data-center capacity faces potential state restrictions, according to Goldman Sachs.

Yardeni argues these obstacles are “just speed bumps” that could prevent the AI boom from overheating.
(@WalterBloomberg)

US JOBS REPORT SMASHES EXPECTATIONS

US employers added 165,000 jobs in October, nearly triple the 59,000 expected.

🔸 Nonfarm payrolls: +165K vs. +59K expected
🔸 Unemployment: 4.1% vs. 4.2% expected
🔸 Private payrolls: +159K
🔸 Wage growth: +0.37% monthly, +3.12% annually
🔸 September payrolls revised: +60K
(@WalterBloomberg)

US OCT. NONFARM PAYROLLS RISE 165,000 M/M; EST. +70K
US OCT. UNEMPLOYMENT RATE 4.1%; EST. 4.2%
US OCT. TWO-MONTH PAYROLL NET REVISION ADDS 84,000
(@WalterBloomberg)