Good morning.
The Fast Five → SpaceX confirms plans to become a 'major' mobile carrier, chip stocks retreat, US suspends visa program for tech firms, Starbucks explores Chipotle takeover, and tech firms pledge $2.4B in computing power to Trump’s Genesis Mission…
📌 Elon is about to launch a new device that could kill the iPhone →
(from Stansberry Research)
Calendar: Full Calendar »
Today:
Prelim Consumer Sentiment, 10A
Prelim Inflation Expectations, 10A
Monday:
None watched
Your 5-minute briefing for Friday, October 9:
BEFORE THE OPEN
As of market close 10/8/2026.
Pre-Market:
Market Wrap:
Futures: Dow +105 (+0.2%), S&P +0.3%, Nasdaq +0.49%
Thu: Dow flat, S&P -0.5%, Nasdaq -1%+
OpenAI revenue disappointed, pressuring AI stocks
CoreWeave sank 7%; Oracle and Intel fell 5%
Nvidia slipped 3%, while AMD lost nearly 4%
SpaceX rose 2% on a spectrum acquisition
Focus shifts to Delta earnings and consumer sentiment
EARNINGS
Here’s what we’re watching this week:
Today: *Delta Air Lines $DAL ( ▼ 1.0% )
Elon Musk is Quietly Building a Device That Could Kill the iPhone.
- A sponsored message from Stansberry Research -
HEADLINES
SpaceX announces the ambitious goal after acquiring a slice of 800MHz radio spectrum from Grain Management to bulk up Starlink Mobile.
The donations include computing power, access to advanced AI models and cloud computing.
S&P 500, Nasdaq fall for second day in a row as AI trade takes a hit (more)
Chip stocks retreat despite Samsung’s record profit guidance (more)
10-year Treasury yield is little changed as Fed sees more hikes needed (more)
Bond yield moves tend to come before market blowups (more)
Trump: US will not attack Iran before midterm election (more)
NY Fed: Inflation on many everyday items was entirely due to tariffs (more)
US suspends visa program for tech firms including Microsoft (more)
Trump bought $25M in Meta and millions in SpaceX debt in August (more)
US jobless claims hover near 57-yr low for fourth consecutive week (more)
Oil declines after Trump says no Iran attacks before midterms (more)
Goldman Sachs loses nearly all year-to-date gains as bond yields rise (more)
AI debt spree hammers tech debt as traders rush to reprice risk (more)
OpenAI expects $70B in annualized revenue by end of 2026 (more)
Starbucks explored Chipotle takeover (more)
Nvidia-backed Firmus IPO collapses as AI valuation concerns grow (more)
Wolfspeed gets $1.5B conditional Pentagon loan commitment (more)
Goldman’s top leaders set to score more than $500M with special bonus (more)
DEALFLOW
M+A | Investments
Devon sheds Eagle Ford assets for $4.2B to deepen Permian bet
Viatris agrees to acquire Pacira BioSciences
Oryx Energies sold for about $1B management buyout
SpaceX announces Spectrum deal for Starlink Mobile Phone Service
Creedence Energy Services receives investment from Monomoy Capital Partners
VC
Oratomic, a fault-tolerant quantum computing platform, raised $775M in total funding since its launch in March 2026
Veir, a provider of superconducting power delivery systems for AI data centers, raised $110M in Series C funding
Nous Research, a decentralized AI infrastructure and open-source foundation model developer, raised $90M in funding
Fortastra, a developer of maneuverable spacecraft for on-orbit security and national defense, raised $30M in Series A funding
Vocca, an AI phone assistant platform that automates patient calls and scheduling for medical practices, raised $20M in Series A funding
Vinci Pharmaceuticals, a sustained drug delivery platform for retinal diseases, raised over $8M in Series A funding
Outro, an integrated deprescribing platform helping people safely discontinue psychiatric medications, raised $7M across Pre-Seed, Seed rounds
Peppermint, an AI-powered financial operations platform for clinical research teams, raised $4.7M in Seed funding
Thrixel, a 3D generation platform built for AI agents, raised $3M in inception funding
CRYPTO
BULLISH BITES
📈 First Look: Elon’s “Starphone”. *
📊 Choosing the right bond strategy for today’s high-yield world.
💸 Dalio's AI bubble trigger: Billionaires cashing out.
😩 Arini, the hedge fund known for bold bets, loses 16%.
🛒 Costco fans are adding 2x2 “Costco doors” to make unloading groceries easier.
DAILY SHARES
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