So, thank you, Mr. . President. Thank you.>> [music] >> What the In terms of safety, Saudi Arabia has never been as safe as it is right now. You always had a little cloud over your head and sometimes that cloud was very big. That cloud is not there anymore.And we want to keep it that way. So that's why tonight I'm pleased to announce that we are taking our military cooperation to even greater heights by formally designating Saudi Arabia as a major nonNATO ally which is something that is uh very important to ...

Trade & GDP - The trade deficit decreased to $596 billion in September, compared to an estimate of $608 billion and $783 billion in July [1] - This trade data is crucial for analysts in finalizing the third quarter GDP report [2] - The third quarter GDP report will be released next week [2] International Trade - Imports from Canada in September reached their lowest level since May 2021 [3] Employment & Labor Market - The September jobs report and jobless claims data from last week will be released tomorrow [3] - The Department of Labor will release the missing data between the start of the shutdown and tomorrow's numbers online tomorrow afternoon [4] Economic Indicators & Data Release Schedule - Real earnings data will be released on Friday [5] - The September pie data will be released next Tuesday [5] - The second version of the third quarter GDP number, along with income and spending for October, will be released next Wednesday [5] - November income and spending data will be released on December 19th [6] - The status of October's jobs, CPI, and pie data remains unknown [6] - The release dates for November's jobs, CPI, and PBI data are still pending [6] - The status of October and November retail sales is still pending [6]

First of all, going back to the meeting between the two leaders - President Xi and President Trump - it was a good meeting. And while it may be a temporary truce, temporary stabilization in the relationship, it's much needed. And it will provide guardrails for the two powers to, you know, engage one another.It will open up channels of communication. The intense competition and rivalry will continue, I'm sure. The mutual suspicion and distrust remains, but the guardrails will ensure that the rivalry does not ...

The one thing I think we can all count on is there will be tariffs, right. I think I think I know from experience from working for President Biden. Tariffs, once they are put on, are hard to take off.You know, President Biden did not take the tariffs from Trump 1.0%, didn't lower them. I argued with him that he ought to. But it's very difficult.And do you think it's going to be difficult for future administrations to unwind some of this. I really do. You know, now I have a specific viewpoint of this because ...

This morning, though, we get results from Target. Target and target narratives, profit forecasts, as we were talking about discounts and slowing demand weighing on earnings. Bloomberg retail reporter Emily Cohen joins us now.So what are we learning about the consumer that we're already a little bit worried about, Emily. Yeah, I mean, Target is seeing a consumer that is shopping. It's spending, not leaning into the the discretionary things that target is known for.The the retailer trimmed its forecast again ...

You've worked very closely, of course, Palanteer, in in Ukraine for a number of years since that conflict. What has Palanteer learned. What has your team learned by operating working with Ukrainians, particularly when it comes to the pace of digital transformation on the battlefield.>> Ukraine has been the R&D lab for AI in a military context for the last 3 years. It is the absolute bleeding edge of military technology. There is no substitute for a real battlefield.You can build things in the laboratory. Yo ...

Market Volatility and Macro Events - NVIDIA earnings, while generally positive, may lead to a sell-off due to high market expectations and global significance [2][3] - The market hasn't shown panic pullbacks, which is comforting, despite VIX spikes potentially driven by high valuations and market narrowness [6][7] - Valuations alone are not a catalyst for sell-offs, but market wobbles are expected given the chaotic US data release schedule [8][9] Sectoral Impact and Correlations - A feed-through from tech sell-offs is expected in sectors like euro stocks (13% tech), tech, and industrials, while defensive stocks like utilities may outperform [4] - The correlation between Bitcoin and the Nasdaq is attributed to retail flows and market linkages, but concerns exist regarding crypto assets due to valuation difficulties and volatility [5][6] Economic Outlook - The fundamental backdrop remains strong, with a trade truce, Washington reopening, and a Fed terminal rate of 3%, all positive for equities [10] - The absence of irrational exuberance, with investors being more bearish than bullish, is a positive sign, suggesting the market is not in a bubble [7][8]

♪ >> NEWSMAKERS AND MARKET MOVERS, THIS IS "THE PULSE WITH FRANCINE LACQUA." FRANCINE: GLOBAL STOCK STABILIZE AFTER $1.6% TRILLION WIPED OUT AS INVESTORS BRACE FOR EARNINGS FROM NVIDIA TO GAUGE WHETHER THE AI RALLY STILL HAS MOMENTUM. U.K. INFLATION EASES FOR THE FIRST TIME IN SEVEN MONTHS. A WEEK BEFORE THE CHANCELLOR UNVEILS THE BUDGET.PLUS BEIJING ESCALATES ITS FEUD WITH TOKYO, SUSPENDING IMPORTS OF JAPANESE SEAFOOD AND HALTING APPROVALS FOR NEW FILMS IN THE LATEST SIGNS ARE DIPLOMATIC SPAT IS FAR FROM O ...

Market Trends & Global Economy - Global equities experienced a selloff, wiping out $1.6 trillion [1][48] - U S equity futures show shakiness, with NASDAQ futures down 03% [11] - S&P 500 down more than 3% this month, with volatility at its highest [10] - Risk assets are being repriced, seen as a healthy correction, not a bear market [10] - Asian markets are under pressure, declining for the fourth day, the longest losing streak since August [5] - Concerns around technology shares valuation are causing pressure, especially ahead of NVIDIA's earnings [5][6] NVIDIA & AI Sector - NVIDIA's earnings are a health check on the AI boom and a catalyst for equity markets [1][3][49][74] - Expectations are high for NVIDIA's earnings, with options markets pricing in up to 7% volatility on each side [75] - NVIDIA holds over 90% of the market for data center usage in GPUs, making it a bellwether for AI infrastructure [76] - The market is looking for conviction about natural demand for AI technology transforming businesses [20] - Hyperscalers like Microsoft and Google account for 40% of total revenue for companies like NVIDIA [19] - There are concerns about circular funding in the AI infrastructure story [81] Geopolitics & International Relations - President Trump described Saudi Arabia as a major non-NATO ally, with a vague pledge from the Crown Prince to invest $1 trillion in the U S [1][22][49] - Saudi Arabia's annual GDP is about $124% trillion, putting the $1 trillion pledge into perspective [25] - China is banning Japanese seafood imports, elevating geopolitical risk between China and Japan [9] - The EU's top diplomat says economic ties to China are weakening the EU's ability to pressure Beijing on Ukraine [39] Monetary Policy & Inflation - U K inflation is expected to ease, impacting the government's budget [2][49] - Traders are split on whether the Fed will cut rates next month [16] - The market is pricing in a December cut from the Bank of England, but that could change based on inflation data [66] - FOMC minutes from the October meeting will provide more color on the decision to keep rates on hold [28][51][89] - U K CPI data is dropping, significant for the Bank of England's actions and the upcoming budget [28] Africa Investment & Economy - African equity markets are delinked from global geopolitics and tariff issues, with most countries growing between 3% and 5% [56] - Five major stock markets in Africa have been up to 40% this year, opening up the window for IPOs [55] - Digitalization and AI are key trends in Africa, with microcredit becoming fintech and finance embedded in specialty chemicals [57] - A private equity firm focused on African investments is managing $3 billion across its funds [52]

Market Trends & Concerns - The market is experiencing a healthy pullback after a significant run this year, particularly in U S equity markets focused on AI [1] - Investors are closely watching Nvidia earnings as a crucial indicator for AI investment returns [1][3] - Labor market uncertainty, influenced by events like the government shutdown, is a major concern for investors [2] - Inflation remains stubbornly high, impacting market sentiment [2] - Affordability is a key focus in the U S election cycle, shaping market dynamics [3] Investment Strategy & Outlook - Investors are pulling back to protect gains after a strong market performance [3] - Market technicals suggest a bias towards more protection and potential downside, with increased short activity and macro hedging [4] - There's a potential for further market pullback, although it may not be drastically pronounced [4]