October 20
News
SpaceX crushes Q3 with $14.58B revenue and $4.4B profit, but AI spending concerns weigh on shares.
SpaceX shares rose 4% after company reported revenue more than doubled in its first profitable quarter
The scale of the beat, with revenue about $1.7 billion ahead of consensus and net income more than double the forecast, gives the bull case for SpaceX a strong data point. The AI segment’s outperformance may also feed into the wider AI infrastructure trade, as it suggests heavy compute spending is turning into revenue faster than analysts had modelled. | Forex
The counterweight is capital intensity: quarterly capex still exceeds total revenue, so investors are likely to keep watching whether returns on that spend hold up. Costs also ran ahead of estimates, which could draw attention to margins if revenue growth slows. | Forex
Mkts 2Y 10Y 30Y
Crude Oil is down 0.35% | close
Brent crude is $109.07
Gasoline futures down to lowest level in seven weeks
S&P is up 0.62%
Gold is down $16
10Y is lower by 2.4bp to 5.115%
Dollar index down to 101.71, near its lowest level three weeks
News
Iran warns new US war means ‘destruction and damage’ to entire Middle East | AlJaz
Brazil Stock Market Jumps on Election Trade
The Ibovespa rose 1.6% to close at 208,296 on Tuesday, supported by a new election poll and a positive external backdrop. A Real Time Big Data poll released on Monday showed Flávio Bolsonaro leading President Lula in a presidential runoff, with 52% of valid votes against 48%.
Billions In Nvidia Chips Collecting Dust In Amazon Warehouses | Zero
Housing Starts Fall for Third Straight Month
Alberta Votes to Remain- Grievances Unresolved | Arm
Netanyahu says he and Trump committed to ‘eliminating regime’ in Iran | AlJaz
JD Vance declines to endorse Netanyahu for reelection, says he's focusing on midterms
Neil Howe: Fourth Turning Climax: Iran War Only The Beginning
He contends that the current crisis will feature inflation, financial repression, the rise of authoritarian leaders, and likely interstate conflict involving Iran, Russia, China and North Korea, with the American homeland vulnerable to cyberattacks and infrastructure sabotage.
Cleveland Fed CPI Forecasts for October
Headline: 0.27 m/m and 3.77% y/y
Core: 0.21 m/m and 2.48% y/y
AAA gasoline on 10/20: $4.278 and is down $0.20 from $4.476 a month ago
CPI is calculated using pricess the first 21 days of a month
Debt Rattle
Legal immigration from Muslim-majority countries has PLUNGED more than 90%
France invited in the muslims.
Trump Points Out Zelenskyy’s Financial Motivation to Keep War Going
Zelensky Knows Peace Deal Would End Him, Lavrov Says
Luntz warned Trump voters "don't respond" to pollster phone calls
I will give one of my SpaceX shares to every kid in America. This will be the first of many | Musk
Insta
Netflix is firing all of its top creative leadership after their strategy of make every character gay and trans and every white person black failed to produce strong subscriber growth.
France Imposes Curfews as Police Lose Control | Peak
Musk Adds SpaceX Shares to Kids’ Trump Accounts
Email: wkidder42@gmail.com
Text: 1 646 257 2130
WhatsApp +1 646 257 2130 at 1:00 AM