Group 1 - The dollar declined after President Trump threatened to increase tariffs on China, raising concerns about the trade war's impact on the U.S. economy [1] - The dollar index fell by 0.4% to 98.99, but is still on track for a weekly gain of 1.66%, the largest since September 2024 [2] - The euro and yen strengthened against the dollar, while commodity-linked currencies like the Australian dollar weakened [2] Group 2 - Traders are monitoring the potential reopening of the U.S. federal government and upcoming economic data that could influence Federal Reserve policy [3] - The U.S. Bureau of Labor Statistics plans to release September's consumer inflation report on October 24, which is crucial for determining the cost-of-living adjustment for 2026 [3] - There is a 97% probability that the Federal Reserve will cut rates by 25 basis points at its October meeting, with a 92% chance of an additional cut in December [4] Group 3 - The Japanese yen weakened due to concerns that the Bank of Japan may not raise interest rates this year following a political shift [5] - Japanese Finance Minister expressed worries about excessive volatility in the foreign exchange market, indicating potential government intervention [6]

Federal Reserve Governor Christopher Waller said Friday that he continues to support lowering interest rates but said the central bank needs to be careful amid conflicting economic signals."I'm still in the belief we need to cut rates, but we need to kind of be cautious about it," Waller said during an interview on CNBC's "Squawk Box."This is breaking news. Please refresh for updates. ...

Stocks sold off in Asia this morning and Europe ticked down as well. U.S. futures were marginally down before the bell following yesterday’s 0.28% decline in the S&P 500. Analysts pointed to the U.S. government shutdown, where a resolution is nowhere in sight, with some no longer seeing two further rate cuts from the Fed coming this year. It’s not chaos, but it’s not good: The S&P 500 lost 0.28% yesterday, and futures this morning are flat—suggesting that traders are unenthusiastic about bidding the mar ...

Group 1: Silver Market Dynamics - Silver prices surpassed $50 an ounce for the first time, reaching above $51 during trading before dipping below $49 [1] - The last time silver traded around these levels was January 1980, indicating significant historical price movement [1] - A supply shortage in the spot silver market has contributed to a 69% rise in silver prices this year [10] Group 2: Gold Market Trends - Spot gold prices fell 2% after crossing $4,000 for the first time, as investors booked profits following a ceasefire in the Israel-Hamas war [2][5] - The SPDR Gold ETF Trust has advanced nearly 50% this year, while smaller mining ETFs have seen gains over 740% [9] - Gold's rally has been driven by geopolitical tensions, central bank demand, rising ETF inflows, and economic uncertainty [8] Group 3: Market Sentiment and Future Outlook - Speculators are taking profits in gold and silver as geopolitical tensions ease, but the primary drivers for the rally, such as reserve diversification and growing global sovereign debt, remain valid [5] - Anticipation of further interest rate cuts by the Federal Reserve is influencing market dynamics, despite rising inflation concerns [15][16]

Market Overview - Major U.S. indices experienced slight declines, with the S&P 500 down 0.3%, the Nasdaq Composite down 0.3%, and the Dow Jones Industrial Average down 0.4% to 46,473.14 [1] - Despite the pullback, all three indices remain near historic highs, indicating strong market confidence [9] Sector Performance - The technology sector continues to lead, driven by AI-related companies and large tech firms, which have shown strong gains and attract long-term investors [24][25] - Energy and healthcare sectors are demonstrating resilience, supported by stable oil prices and steady demand in biotechnology [6][25] - Financial stocks are also performing well, benefiting from favorable interest rate expectations [25] Notable Company Movements - Nvidia (NVDA) reached a new all-time intraday high of $195.30, up nearly 3%, following an analyst's price target increase to $300, the highest on Wall Street [2][14] - Costco (COST) reported an 8% increase in sales, totaling $26.58 billion for the five weeks ending October 5, with online sales rising 26.1% [21] - Delta Air Lines (DAL) exceeded earnings expectations, resulting in a 7% stock increase, which positively impacted other airline stocks [18] Global Influences - New export restrictions from China on key minerals have led to a surge in rare earth stocks, as these materials are essential for various technologies [10][11] - Geopolitical uncertainties and global economic data are influencing U.S. market sentiment, with investors closely monitoring these developments [7][23] Earnings Season - The third-quarter earnings season has begun, with PepsiCo (PEP) delivering a modest earnings beat, marking the official start of this period [18] - Analysts are watching for positive news in earnings reports to potentially reverse current market declines [5]

Market Overview - U.S. stocks are experiencing modest movements near record highs, with the S&P 500 rising 0.1% and marking its eighth gain in the last nine days [1] - Futures for major indices like S&P 500, Nasdaq, and Dow Jones are virtually unchanged before the market opens, following record highs on Wednesday [2] Company Earnings - Delta Air Lines reported a stronger-than-expected profit for the third quarter, forecasting a full-year profit of $6 per share, which is in the upper half of its previous guidance range. Delta shares rose 5.8% in premarket trading [4] - PepsiCo's shares increased by less than 1% after reporting better-than-expected revenue in Q3, despite an 11% decline in net income to $2.6 billion. Adjusted earnings per share were $2.29, beating analysts' forecasts by 3 cents [3] Mergers and Acquisitions - Novo Nordisk announced the acquisition of Akero Therapeutics for $4.7 billion in cash, leading to an 18% increase in Akero's shares before market opening [5] Commodity Prices - Oil prices fell slightly, with U.S. benchmark crude dipping 21 cents to $62.34 per barrel and Brent crude down 18 cents to $66.07 per barrel [8] - Gold prices remain high at $4,054.50 per ounce, despite shedding some gains [8]

Market Overview - The S&P 500 increased by 0.1%, marking eight gains in the past nine sessions, while the Dow Jones Industrial Average rose by 21 points, or less than 0.1%, and the Nasdaq composite remained virtually flat [4][6] - Gold prices climbed by 0.1% following a strong rally this year, and Treasury yields remained steady amid expectations of Federal Reserve interest rate cuts to support economic growth [4][6] Airline Industry - Delta Air Lines surged by 6.4% after reporting stronger-than-expected summer profits and projecting full-year earnings above forecasts, with broad-based sales acceleration noted, particularly in domestic business travel [4][6] - Other airline stocks also benefited, with American Airlines gaining 3.3%, United Airlines rising by 5.3%, and Southwest Airlines adding 3.3% [4][6] Corporate Earnings - PepsiCo's stock rose by 1.3% after reporting better-than-expected quarterly profits, driven by improved momentum in its North American drinks business [5][6] - Tesla's stock fell by 1.1% following a preliminary evaluation by the National Highway Traffic Safety Administration regarding safety concerns over its full self-driving system [5][6] - Akero Therapeutics jumped by 16.8% after news of a potential acquisition by Novo Nordisk for up to $5.2 billion, contingent on federal approval of its lead product candidate [5][6] - MP Materials climbed by 5.2% after China announced export curbs on rare earths, which are essential for electronics and aerospace components [5][6] Global Market Trends - Global markets showed mixed results, with Shanghai's index rising by 1.3% and Japan's Nikkei 225 gaining 1.8%, led by SoftBank Group, which surged by 11.4% after announcing a $5.4 billion deal to acquire the robotics unit of Swiss engineering firm ABB [5][6] - In the US bond market, the 10-year Treasury yield edged up to 4.14% from 4.13% [5][6]

All right, we got to talk to you about it. Um, shutdown just in in its ninth day. Uh, we got that data from Moody's that we always bring up.For every week of the government shutdown, quarterly GDP is impacted by a tenth of a percent. What's the impact on the manufacturing sector. Are there certain parts of it that are impacted more than others.Well, I think overall, Frank, the business community in general, but certainly manufacturing depends on certainty and uh having this kind of uncertain time where we d ...

Federal Reserve and Economic Outlook - The Federal Open Market Committee's minutes indicate openness to further interest rate cuts this year, despite concerns over elevated inflation [1] - A majority of policymakers emphasized upside risks to inflation while acknowledging increased labor market risks [1] - Officials stressed a balanced approach to achieving employment and inflation goals [1] Stock Market Performance - Wall Street's major indexes, including the S&P 500 and Nasdaq 100, reached new record highs, with Nvidia and Amazon.com showing gains [3] - Advanced Micro Devices surged over +11% after an upgrade to Buy from DZ Bank, while Confluent climbed more than +7% amid sale exploration [3] - Fair Isaac's stock fell over -9% following a competitive pricing response from Equifax [3] Upcoming Earnings Reports - Companies like PepsiCo and Delta Air Lines are starting the U.S. third-quarter reporting period, with major banks set to report next week [4] - Tesla will report on October 22nd, followed by Alphabet, Microsoft, and Meta Platforms on October 29th [4] Global Market Developments - The Euro Stoxx 50 Index fell -0.18%, with bank stocks underperforming, particularly HSBC and Lloyds [12] - Germany's exports unexpectedly fell -0.5% in August, while imports decreased -1.3% [13] - China's Shanghai Composite Index hit a 10-year high, driven by gold mining and semiconductor stocks amid geopolitical tensions [14][15] Pre-Market Stock Movements - Nvidia advanced over +1% in pre-market trading after U.S. approval of chip exports to the UAE [16] - Delta Air Lines climbed over +5% following positive FQ3 results and reaffirmed annual earnings guidance [17] - Akero Therapeutics jumped more than +19% after agreeing to be acquired by Novo Nordisk for up to $5.2 billion [17]

Core Viewpoint - Federal Reserve Bank of New York President John Williams advocates for additional interest rate cuts this year due to concerns over a potential slowdown in the labor market [1][2] Group 1: Interest Rate Policy - Williams expressed that he supports lowering interest rates this year, but the exact implications of such cuts remain to be seen [1] - The Federal Reserve recently reduced its rate by a quarter percentage point during its September meeting, which was described as a measure to maintain a balance between restraining the economy and preventing a rapid decline in the job market [4] Group 2: Inflation Concerns - Williams highlighted the significant risk of inflation exceeding the 2% target, which could harm the economy and the Federal Reserve's credibility [2] - He emphasized the need to manage inflation carefully to avoid a sharper cooling of the labor market [2]