Federal Reserve Policy & Economic Uncertainty - The market perceives the Federal Reserve (Fed) as divided and cautious due to uncertainties surrounding inflation, labor market, government shutdown, and tariffs [1][2] - The Fed's debate needs resolution, which is a key focus for markets [3] - The Fed faces challenges in justifying policy moves without reliable economic data, especially given its data-dependent stance [5][6] - The Fed is considering a pause in policy adjustments due to data limitations caused by events like government shutdowns [5][6] - The Fed is aware of the debate surrounding the concentration of GDP growth in the AI sector but considers overall growth from consumers [12][13] - The Fed acknowledges the AI sector's contribution to GDP growth but questions its sustainability, which is unlikely to drive major decisions at this stage [14] Data & Economic Indicators - The Fed can use alternative data sources like state data and private sector indices to compensate for missing official economic reports [5][9] - Bank of America research indicates credit card spending is up over 2% for the week ending October 4th [8] - Earnings reports from companies like Delta Airlines and PepsiCo can provide insights into inflation and consumer spending [9] - Private sector economic reports may also be affected by the lack of incoming government data [9] - Atlanta Fed GDPNow tool estimates GDP growth at 38% [11]

Let's start with your word of the day. It's taught. Now, what's taught right now in your mind.Well, we're looking at the market in in a couple of different ways that are frankly colliding in a way that makes us more concerned about the the action going forward over the next quarter or so. What's taught in our in our opinion is how stretched and narrow this market has become. Now, that's been a story line for some months, even quarters now.Um, but we have more in our opinion risk on the horizon from a fiscal ...

Right. Delta Airlines out with third quarter results and Phil Labau joins us now with more. Hey Phil. Hey Joe.This is a beat on the top and the bottom line by Delta. The company earning a buck 71 in the third quarter. The street was expecting a buck 53.Revenue stronger than expected at 15.2% billion. The street was expecting revenue just over 15 billion. Now the numbers within the numbers for the third quarter for Delta.Revenue per seat mile up 3/10en of 1% compared to last year. Same with cost per seat mil ...

Core Viewpoint - Delta Airlines is expected to report solid third-quarter earnings, with analysts predicting adjusted earnings per share of $1.57 on revenue of nearly $16 billion, reflecting a significant recovery since April's lows [1][3]. Earnings Expectations - Analysts anticipate a strong quarter for Delta, supported by positive demand trends observed since mid-summer [3][4]. - The sustainability of domestic demand will be a key focus in the earnings report, especially considering the extended shoulder season into fall [5][6]. Market Positioning - Delta is well-positioned compared to its peers, particularly due to its exposure to the premium segment, which has shown resilience and higher margins despite previous demand weaknesses [9]. - The balance of capacity to demand is crucial for maintaining price support as the year concludes [6][9]. Trading Strategies - Two bullish trading strategies for Delta have been proposed ahead of the earnings report: 1. A more aggressive strategy involves buying an in-the-money call vertical with a $1.80 debit, targeting a potential profit of $3.20 if the stock exceeds $61 [12][13]. 2. A lower-risk strategy involves a bullish call calendar, costing approximately $0.60, which allows for profitability within a range of $57.58 to $66 [16][17].

Breaking news just in. We have the letter just sent from Shawn Diddy Combmes to the judge that will sentence him tomorrow. Combmes saying he's sorry and asking to be released and sent home to his family, describing how being locked up has changed him forever. We'll show you the letter just sent to the judge. Also tonight, the deadly terror attack at a synagogue. Two people killed and more hurt after a man rammed his car into a crowd then started stabbing people. The brutal ambush happening at a British syna ...

Incident Summary - Two Delta regional jets collided on LaGuardia's tarmac, causing damage to both aircraft [1] - The FAA and NTSB are investigating the incident [2] - A full NTSB report could take a year or longer [5] Impact and Response - One minor injury to a flight attendant was reported; none of the 85 passengers were harmed [4] - Delta Airlines pledges to cooperate with authorities to review the incident, prioritizing customer and people safety [4] Potential Causes - Air traffic control (ATC) instructed Flight 5155 to hold short and yield [3] - A possible communication breakdown between ATC and the flight crew could be a focus of the investigation [5]

July 26th, panicked passengers slid down the evacuation shoots as smoke and flames poured from the brakes on their plane in Denver. Yet, many passengers came down the slides with their carry-on bag. April 21st in Orlando, the right side engine on a fully loaded Delta Airlines flight began spewing flames moments after pushing back from the gate.Please take your time going down the stairs. The emergency evacuation slowed since passengers could only leave from the left side of the plane. Under FAE rules, the e ...

In the wake of the murder of Charlie Kirk, celebrated in death for his embrace of freedom of speech in life, tensions over speech are flaring. Utah Governor Spencer Cox on Friday calling for calm. Charlie posted to social media, "When things are moving very fast and people are losing their minds, it's important to stay grounded. Turn off your phone, read scripture, spend time with friends, and remember, internet fury is not real life." But in the wake of Kirk's death, online fury indeed and swift reaction t ...

Tonight, the sudden flash flood emergency happening right now. The state of emergency across the Northeast. Roads suddenly washed out.This big rig nearly underwater. Other drivers trapped in their cars. Flood swamping factories as water cascades down over trains.Even a major space launch scrubbed on the launchpad in Florida. We're tracking it all. The face of a killer.Police say this man, an elementary school teacher, admitted to killing that couple hiking with their two young daughters in Devil's Den Park. ...

Twenty-five people flying onboard a Delta Airlines flight were taken to hospital Wednesday after their plane faced “significant turbulence.” https://t.co/l93Q4NvWuc https://t.co/l93Q4NvWuc ...