Good morning.
The Fast Five → AI turns Wall Street into a herd, record high borrowing costs roil US economy, SpaceX seeks $40 billion to buy Nvidia chips, Citigroup bets on Meta’s Muse, and US Treasury yields are a "screaming good value"…
📌 The ONE stock to buy before midterms get here →
(from Stansberry Research)
Calendar: Full Calendar »
Today:
FOMC Meeting Minutes, 2:00P
Tomorrow:
Unemployment Claims, 8:30A
Your 5-minute briefing for Wednesday, October 7:
BEFORE THE OPEN
As of market close 10/6/2026.
Pre-Market:
Market Wrap:
Futures: Dow +37 (+0.07%), S&P +0.09%, Nasdaq +0.08%
Tue: Dow +0.49%, S&P +0.58%, Nasdaq +0.45%
S&P topped 7,800 for its fourth straight gain
Chip stocks led, with Marvell jumping 5.8%
Treasury yields eased after hitting multiyear highs
Oil prices stabilized, supporting stocks
Focus shifts to Fed minutes Wednesday
EARNINGS
Here’s what we’re watching this week:
Today: Levi Strauss $LEVI ( ▲ 1.28% )
*Applied Digital $APLD ( ▲ 2.59% ) - $.30 EPS vs $.03 a year ago, on $124.57M revenue (+94.0%)
THU:
*PepsiCo $PEP ( ▲ 0.05% ) - $2.30 EPS, up from $2.29 a year ago, on $24.98B revenue (+4.4%)
FRI: *Delta Air Lines $DAL ( ▲ 0.7% )
Analyst Nicknamed "The Prophet" Issues New Warning for America
Whitney Tilson shocked the nation on 60 Minutes when he accused a major company of poisoning its customers.
The investigation won an Emmy and the stock fell nearly 80%. (He also called the housing crisis and the collapse of Bear Stearns and Lehman Brothers).
Now, he's releasing his next big story.
He says the day after our upcoming midterm elections, America will enter a period of economic change unlike anything we've seen in decades.
And most investors are unprepared for what's coming. For the full presentation, go here.
- A sponsored message from Stansberry Research -
HEADLINES
US Treasury yields are good value after a recent surge that has seen borrowing costs rise to their highest levels in years, Rupert Harrison, senior advisor, portfolio management at bond fund PIMCO said on Tuesday.
AI is messing with the traditional ways Wall Street defines success.
S&P 500, Nasdaq reach record closing highs as focus pivots to earnings (more)
Wall Street profits soar to $45.9B in first half of 2026 (more)
Dividend stocks battered as bond yields hit 24-yr highs (more)
US trade deficit passes $100B for first time since March 2025 (more)
Record high borrowing costs roil US economy (more)
The world has nearly burned through its oil stockpile buffer (more)
French budget crisis worsens amid student protests (more)
Anduril, US Navy invest $6.6B to boost submarine parts production (more)
US luxury spending slows ahead of midterms (more)
Deeply distressed US loans rise to highest level since pandemic (more)
SpaceX seeks $40B to buy Nvidia chips (more)
Novavax, Moderna stocks fall after WHO calls plague risk 'low' (more)
Marvell surges after company raises 2028 revenue outlook to $20B (more)
Citigroup bets on Meta’s Muse as AI’s ‘front door to the internet’ (more)
Google enters massive 3.6-GW power deal with Constellation Energy (more)
Samsung's Q3 profit seen jumping nine-fold (more)
Paramount wraps up mega Warner Bros merger to create Skydance (more)
DEALFLOW
M+A | Investments
Paramount closes Warner merger in historic Hollywood deal
McKesson, CD&R to buy Option Care in $5.8B deal
Energy Transfer to buy Vaquero Midstream for $2.63B
Uber to buy EzCater for $2.3B in enterprise push
Events firm Informa to buy Clarion for £2.24B from Blackstone
Cardinale's RedBird invests $4B in Paramount-Warner deal
SAP enters agreement to acquire TechWolf
Cirrus Logic acquires Italian chip firm INVENTVM
Byline Bancorp to acquire Illinois State Bancorp in merger
Percopo Coatings Company receives investment from Bertram Capital
VC
Vinci, an AI-native computational platform for hardware engineering, raised $250M in Series B funding
Capitolis, a fintech company, raised $220M in total financing, including a $120M Series E equity round along with debt
Type One Energy, a provider of stellarator fusion energy technology, raised $200M in Series B funding
Multiply Labs, a robotic automation and biomanufacturing technology startup, raised $75M in Series B funding
Pro Shop, a media platform connecting golf with mainstream culture, closed a $24M Series B financing round
Avarra, an AI sales automation platform, raised $17M in Series A funding
Siena, an AI-driven customer experience platform for consumer brands, raised $17M in Series A funding
Santé, an AI operating system for wine and spirits retail, raised $15M in Series A funding
Torch Systems, an outdoor asset intelligence platform, raised $11.5M in total funding, including $9.5M in equity and $2M in venture debt
Authors First, a book-to-screen studio and distribution platform, raised over $10M in Seed funding
CRYPTO
BULLISH BITES
🚨 A new kind of civil war is coming after election day? *
🏆 Whatever happens to bonds, stocks win.
🤔 These company insiders are selling. Should you?
💰 For billionaires, AI wealth is different this time.
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DAILY SHARES
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