Kidder Reports

October 17

Trading News Highlights
10Y is 4.092%, higher by 7.4bp after strong economic data. It was 3.600% a month ago | 15:57
Gold is $2,692, up $18
WTI closes above $70.50 After Large Inventory Draws, Record US Production

Harris Complains She Was Not Informed The Interview Would Include Questions | Bee
Whatever the question was, the answer was "Trump!" | MTick
"Maybe you should consider swapping Kamala Harris for Joe Biden."

Watch: CNN Panel Goes Berzerk When Guest Suggests 'Field' Blacks Voting For Trump
CNN hosts went berzerk after a guest quoted Malcom X to suggest that blacks who support Kamala Harris are 'house African Americans,' while working class 'field' African Americans support Donald Trump.

Latin Plant Names Could be Racist, Warns University of Michigan
A strategy document for the university’s botanical gardens and arboretum warns against using the traditional combination of an English name and Latin name on plaques next to its plants, amid concerns they could erase “other forms of knowing”.

AI Data Centers Will Soon Hit Size Limits
The most advanced AI models today need to be trained inside a single building.
Nvidia shares break the June high to hit a record

Atlanta Fed Q3 GDPNow 3.4% vs 3.2% prior
Industrial production in the US fell 0.3%.
Manufacturing contracted 0.4% MoM
Capacity Utilization at 77.5%, 8-Month Low

Weekly US rail traffic back ahead of 2023 levels | Freight
Retail sales increased 0.4%, well above a 0.1% gain in August and beating market expectations of a 0.3%
But YoY dropped to +1.7% YoY - the weakest since January | Zero
Consumers Spend More on Food, Less on Gasoline and Cars | Mish
Initial claims 241K As Storm Impact Fades
Philadelphia Fed Manufacturing Index in the US soared to 10.3

Morano on linking hurricanes to climate change: | Dept
‘This is all about fear just like Covid…They’re trying to get us to support Net Zero in the UN climate process & the Green New Deal’

US Senate report finds National Science Foundation doled out 3,483 grants totaling over $2.05 billion to projects promoting diversity, inclusion, & equity or perspectives about enduring class struggles | Depot

Dozens of Israeli soldiers have been killed and injured by Hezbollah in Lebanon over past two days | Cradle
Zelensky presented his ‘Victory Plan’. Most of “plan” is obnoxious and can be dismissed outright | Simpl
Zelensky’s Unrealistic “Victory Plan” Is Driven By One Of Two Ulterior Motives | Kory
Tiny man, tiny ideas, totally delusional. Is that all there is? | John

From Today's Debt Rattle
* No matter what state you live in, VOTE TRUMP. Let's get President Trump back in the White House and me to Washington so we can Make America Healthy Again, end the forever wars, and protect our civil liberties. - RFK, Jr

* The Republican Party has become the party of common sense. “We need borders. We need fair elections. We don’t want men playing in women’s sports. We don’t want transgender operations without parental consent.. 99.9% is common sense.” | Orange Man

* I can't stand Donald Trump. He is braggy, he insults people for no reason, and he is just a brutal personality. But my mind is made up. I'm voting for him and here's why:

* Admitting Ukraine into NATO before the end of the year could be a major part of Joe Biden’s legacy

* "Today, over 100 members of Congress support a bill to fund Ozempic with Medicare at $1,500 a month. Most of these members have taken money from the manufacturer of that product, a European company called Novo Nordisk. As everyone knows, once a drug is approved for Medicare, it goes to Medicaid. | RFK, Jr

Bill Gates Doubles Down on Global Digital ID Push. Critics Sound Alarm on Privacy Risks | Reclaim

If Gates is for it, I am against it. He's a bad guy. at 12:00 AM