Fiscal Policy & Economic Outlook - UK's fiscal watchdog indicated Chancellor's headroom doubled to nearly £22 billion [1] - Growth downgraded, welfare bill soaring, living standards to rise more slowly than expected [2] - Tax burden rising to its highest since records began just after World War II, reaching 38% of GDP [2] - Stealth tax rise through freezing personal tax thresholds, potentially creating millions of new taxpayers [3] Political & Social Impact - Removal of the two-child benefit cap, potentially lifting hundreds of thousands out of poverty [4] - Chancellor faces questions on breaking manifesto pledge not to raise income tax [3] Market Reaction & Risks - Budget aims to bring down inflation, but the gamble is whether the market buys the backloading of fiscal tightening [4] - Gilt yields fell and the pound rose against the dollar following the OBR leak and speech [5] - UK gilts will be incredibly exposed to international crosscurrents with Thanksgiving following this budget [5]

Safety Concerns - Electric vehicles, especially post-crash, pose safety risks due to high-voltage batteries and potential door malfunctions, leading to difficulties in exiting the vehicle [3][4] - Fatalities and harrowing survival stories have been linked to these door issues, highlighting the severity of the problem [5] Design and Compliance - Tesla popularized complex door designs, moving away from simple latches, which has been widely copied by other manufacturers [1][2] - These designs involve flush handles, buttons, and electrically powered latches, which can be confusing and potentially dangerous [2] Regulatory Response - Regulators in China are considering banning flush door handles, influenced by fatal incidents involving a Tesla competitor, Zhao Mi [7][9] - Europe is also closely examining the issue of complex door designs [7] - NHTSA opened a defect investigation into Tesla Model Ys, with potential expansion to other models [8] Manufacturer Actions - Tesla is reportedly working on making their doors more intuitive and safer [6] - Ford has already implemented a recall related to this issue in the US [7]

So finally, Chancellor, you've effectively just broken your promise made after the last budget not to raise taxes again. Will you now rule out more tax rises whether directly or by stealth this parliament. >> So last year I had to close the black hole in the public finances left by the Conservatives. Uh and um in the budget last year um I lived within the forecast set by the OBR.uh they have now changed their forecasts around productivity and they are very clear that's nothing to do with the policy of this ...

So finally, Chancellor, you've effectively just broken your promise made after the last budget not to raise taxes again. Will you now rule out more tax rises, whether directly or by stealth, this Parliament. So last year I had to close the black hole in the public finances left by the Conservatives. And in the budget last year I lived within the forecast set by the bill.They have now changed their forecasts around productivity and they are very clear that's nothing to do with the policy of this government. ...

Fiscal Policy and Economic Outlook - The budget aims to cut borrowing and debt, with an increase in headroom to £217 billion [3] - The IMF indicates the UK has a faster rate of fiscal consolidation compared to other G7 economies [4] - Some fiscal repair is expected to extend to 2028 and beyond [4] - The government aims to beat growth forecasts, targeting 15% growth this year [11] Taxation and Revenue - The government acknowledges that freezing tax thresholds will require ordinary people to contribute more [7] - The Office for Budget Responsibility (OBR) productivity downgrade is expected to result in £60 billion less in tax revenue [7] - The government denies that policy measures in the budget impact growth forecasts [8] - The government defends its tax policies as fair and necessary choices in the current circumstances [13] Government Initiatives and Reforms - Planning and Infrastructure Bill is nearing completion [10] - The government highlights the India deal and planning and infrastructure bill as positive for the economy [8] - Changes to Universal Credit are projected to add 15000 people to the workforce [8] - The government is focused on growing the economy through reforms, including pensions and planning [14]

You say we're on hold, but does that also include December. Because that's not what Stuart Pohl just told us. He thought maybe making for a smooth transition to the next Fed chair would call for maybe a cut.Absolutely. And good morning. No high conviction here that they go ahead and December.I thought the whole hawkish narrative from the Fed a week or two ago was a little bit silly given the situation that we're witnessing in the labour market figures, whilst they argue that they're kind of flying blind abo ...

So, buddy, it'll be the first real test of the systems, the aerospace systems. And I guess, you know, the shortage of air traffic controllers and whether there is still a shortage since the shutdown. How are we looking.So it will be a big test really for everyone involved, from politicians to the travelling public and their patients and also the system itself. The US aviation system has been under considerable strain, particularly in the last couple of weeks. We had the government shut down.That meant that ...

NVIDIA's Dominance in the AI Revolution - Wedbush analyst Dan Ives views NVIDIA as the "indisputable Rocky Balboa champion of the AI revolution" [1] - NVIDIA's demand to supply ratio for its chips is 12 to 1 [3][5] - NVIDIA is considered to be four years ahead of its competitors, including Huawei, in the AI chip market [5] - The U S is ahead of China in tech for the first time in 30 years [11] Market Opportunities and Spending - The AI market is estimated to have a second, third, and fourth derivative spending of $3 trillion to $4 trillion [6] - AI spending is expected to generate $12 to $20 in revenue for every dollar spent [9] - The AI market is compared to a 1996 moment, not a 1999 tech bubble [6] Competition and Partnerships - Big Tech companies are pursuing vertical integration by developing their own chips [4][5] - Apple will likely partner with Google's Gemini for AI [10][11] - The enterprise AI adoption rate is currently at 3% in the U S, with growth expected in Asia [7] NVIDIA's Stock and Future Outlook - Any dip in NVIDIA's stock is considered an incredible buying opportunity [11] - The AI revolution is fueled by NVIDIA, with a potential market capitalization of $5 trillion to $6 trillion [12]

Data coming in the latest jobless claims. Let's go over to Bloomberg's Mike McCarthy who has the numbers Mike. Well, no help for the we need to cut immediately crowd at the Federal Reserve.Jobless claims come in at 216,000 after revised 222 the prior week suggesting we're still in that low, higher but very low fire environment. We're not seeing people being added to the unemployment rolls at a high rate at all. Fact, they're going out on a continuing claims basis, 1,960,000, that's up slightly from 1,953,00 ...

Investment & Savings - The government aims to reform the ISA system, maintaining the full £20,000 allowance while designating £8,000 for investments [3] - Over 50% of the ISA markets are launching new online hubs to help people invest in Britain [3] - Someone who has invested £1,000 a year in an average stocks and shares ISA every year since 1999 would be £50,000 better off today if it put that same money into them, if they put the same money into a cash ISA [2] Taxation & Revenue - A high value Council tax surcharge is being introduced in England from 2028, an annual £2,500 charge for properties worth more than £2 million, rising to £7,500 for properties worth more than £5 million [4] - The new surcharge will raise over £400 million by 2031 and will be charged on less than the top 1% of properties [4] - The government will not increase national insurance, the basic higher or additional rates of income tax [5] Policy Changes - The government will remove the two child limit in full [5]