• Market recap: All 3 main indices gained yesterday, with Nvidia (NVDA) up 2% to break a 7-day streak of losses. Micron (MU) and AMD (AMD) gained 2–5%, though Dick's Sporting Goods (DKS) plunged 31%. Source: CNBC.
• SpaceX plans $100B launch hub: SpaceX (SPCX) aims to build a $100B Louisiana launch complex capable of supporting thousands of Starship flights annually, with first launches targeted for 2029. Shares gained 2%. Source: BBC.
• Target falls on costume backlash: Target (TGT) removed a children’s Halloween costume after backlash over imagery that critics said evoked racist tropes. Although the retailer apologized, shares sank 4%. Sources: AP / Reuters.
• Meta weighs teen-harm settlement: Meta (META) and 29 state AGs have discussed settling a suit alleging that its platforms were designed to addict teens. Meta, which gained 1.5% premarket, estimates a trial loss could expose it to penalties of up to $1.4T. Source: Bloomberg.
• Waymo expands to Germany: Waymo plans to launch public robotaxi rides in Munich by late 2027, marking its first E.U. market and 3rd international city. Source: CNBC.
• Apple raises Mac Mini prices: Apple (AAPL) unveiled Mac Minis with M6 and M5 Pro chips, faster storage, and upgraded connectivity. Prices ticked up by $100. Source: The Verge.
• Moonshot seeks U.S. cloud deals: Chinese firm Moonshot AI is in early talks with Microsoft (MSFT), Amazon (AMZN), and Google (GOOGL) to host its new model, seeking up to 30% of related revenue. Source: Reuters.
• Amazon shuts down popular platform: Amazon (AMZN) will close its 21-year-old Mechanical Turk crowdsourcing platform on Sept. 30 as AI advances and rival data-labeling services reshape demand for human-generated training data. Source: CNBC.
• HP licenses Chinese WiFi patents: HP (HPQ) signed a multi-year global agreement to license certain Huawei WiFi patents, despite the firm being blacklisted in the U.S. HP said the deal is routine, not a broader partnership. Shares rose 3.3%. Source: CNBC.
• Honda ties new plant to trade deal: Honda (HMC) said it may scrap plans for an 8th North American assembly plant unless a trade pact between the U.S., Mexico, and Canada is extended. Shares fell 2.4%. Source: Reuters.
• CNN and HBO suffer outage: A Warner Bros. Discovery (WBD) technical issue disrupted CNN, HBO, and other networks for roughly 50 minutes yesterday, causing frozen and pixelated broadcasts before service resumed. Source: CNN.

• Zoom: Zoom (ZM) Q2 revenue rose 4.9% to $1.28B as enterprise sales grew 7.8%, the fastest pace in 3 years. Zoom raised FY EPS and revenue guidance, though Q3 EPS guidance missed estimates. Shares plunged 7% premarket. Source: WSJ.
• Intuit: Intuit (INTU) expects FY 2027 revenue growth of 9–10%, below Wall Street’s roughly 11% forecast, as it absorbs desktop declines and invests to attract more TurboTax users. Shares fell 11% premarket. Source: WSJ.
• Kohl’s: Kohl's (KSS) posted slightly lower Q2 profit and sales, while same-store sales fell 0.9%. A $150M tariff refund lifted margins and prompted higher full-year EPS guidance, though shares fell 7% premarket. Source: WSJ.
• Li Auto: Chinese EV maker Li Auto (LI) reported a Q2 loss of $253M, worse than expected, as deliveries fell 11% and revenue dropped 15%. It forecast Q3 deliveries up 1.9–7.3% YoY, with shares down 2% premarket. Source: WSJ.

• Inflation metric comes in slightly hot: The Fed's preferred inflation gauge, known as the PCE price index, climbed 3.7% YoY in July — slightly above expectations of a 3.6% rise. Core PCE inflation rose 3.3%, in line with forecasts. Source: CNBC.
• Consumer confidence tumbles to 7-month low: U.S. consumer confidence fell to 89.4 in August, its lowest level since January. July's results were also revised down. Source: Quartz.
• Mortgage rates hit 3-week high: The average 30-year fixed mortgage rate rose to a 3-week high of 6.78%, pushing total applications down 1%. Refinance demand tumbled 17% YoY, with purchase applications down 5%. Source: CNBC.
• Oil slumps to 2-week low: Oil prices declined 3% to the low $80-range — a low not seen in over 2 weeks — as Iran-Oman talks over a temporary Strait of Hormuz corridor progressed. Source: Reuters.
• World trade recovery gains steam: Global goods trade rose 2% MoM in June, supported by AI-related investment and resilience despite shipping disruptions and tariffs. Source: WSJ.
• Aussie inflation ticks up: Australia’s July CPI rose 3.5% YoY, above forecasts, while core inflation held at 3.6%. Source: Reuters.

• Musk wins Ukraine's top honor: Ukrainian President Volodymyr Zelenskyy bestowed Elon Musk with its Order of Freedom as Kyiv seeks broader Starlink (SPCX) access for military operations, including potential use inside Russia. Source: Politico.
• Fatal flood hits Nepal and Tibet: At least 17 people died and nearly 400 are unaccounted for after a flash flood and mudslide hit the Nepal-Tibet border. Source: BBC.
• Pakistani fire kills 14 newborns: A fire devastated a maternity ward at Islamabad’s largest hospital, leaving 14 babies dead. Officials blamed an exploding air conditioner. Source: NY Times.
• Trump's picks prevail in SC, OK: Sen. Darline Graham, sister of the late Lindsey Graham, won the GOP Senate primary in South Carolina after President Trump's endorsement. Trump's favorite for Oklahoma governor, Mike Mazzei, squeaked through to win his race by just 0.6% of the vote. Sources: NPR / Politico.

• 7:00 AM: MBA 30-Year Mortgage Rate
• 8:30 AM: Core PCE Price Index MoM
• 8:30 AM: PCE Price Index MoM & YoY
• 8:30 AM: Durables Goods Orders MoM & Durables Goods Orders Excl. Transp. MoM
• 8:30 AM: GDP Growth Rate & Price Index QoQ 2nd Est.
• 8:30 AM: Personal Income & Spending MoM
• 8:30 AM: Corporate Profits QoQ Prelim.
• 10:30 AM: EIA Crude Oil & Gasoline Stocks Change
• Friday: Fed Chair Warsh Speech, Non Farm Payrolls Annual Revision Prelim.

Intuit (INTU) has released its quarterly earnings.

• Revenue of $4.35B (+13.65% YoY) beats by $84.90M.
• EPS of $4.03 (+46.55% YoY) beats by $0.74.
• Financials · As Reported · Metrics · Press Release

HEICO (HEI) has released its quarterly earnings.

• Revenue of $1.41B (+23.13% YoY) beats by $65.47M.
• EPS of $1.67 (+32.54% YoY) beats by $0.16.
• Financials · As Reported · Metrics · Press Release

Zoom Video (ZM) has released its quarterly earnings.

• Revenue of $1.28B (+4.93% YoY) beats by $7.86M.
• EPS of $1.55 (+1.31% YoY) beats by $0.17.
• Financials · As Reported · Metrics · Press Release

Williams-Sonoma (WSM) has released its quarterly earnings.

• Revenue of $1.96B (+6.71% YoY) beats by $44.37M.
• EPS of $2.10 (+5.00% YoY) beats by $0.07.
• Financials · As Reported · Metrics · Press Release

NVIDIA (NVDA) will report today after close.

• Analysts estimate revenue of $92.11B (+97.06% YoY).
• EPS is estimated to be $2.09 (+100.96% YoY).
• Financials · As Reported · Metrics

Synopsys (SNPS) will report today after close.

• Analysts estimate revenue of $2.44B (+40.26% YoY).
• EPS is estimated to be $3.47 (+2.36% YoY).
• Financials · As Reported · Metrics

Urban Outfitters (URBN) will report today after close.

• Analysts estimate revenue of $1.65B (+9.61% YoY).
• EPS is estimated to be $1.71 (+8.23% YoY).
• Financials · As Reported · Metrics

Agilent Technologies (A) will report today after close.

• Analysts estimate revenue of $1.84B (+5.94% YoY).
• EPS is estimated to be $1.48 (+8.03% YoY).
• Financials · As Reported · Metrics

The Gap (GAP) will report tomorrow after market close.

• Analysts estimate revenue of $3.79B (+1.70% YoY).
• EPS is estimated to be $0.52 (-8.77% YoY).
• Financials · As Reported · Metrics

Bilibili (BILI) will report tomorrow before market open.

• Analysts estimate revenue of $1.16B (+13.25% YoY).
• EPS is estimated to be $0.18 (-5.26% YoY).
• Financials · As Reported · Metrics

Autodesk (ADSK) will report tomorrow after market close.

• Analysts estimate revenue of $2.01B (+14.10% YoY).
• EPS is estimated to be $2.97 (+13.36% YoY).
• Financials · As Reported · Metrics

Workday (WDAY) will report tomorrow after market close.

• Analysts estimate revenue of $2.63B (+12.19% YoY).
• EPS is estimated to be $2.34 (+5.88% YoY).
• Financials · As Reported · Metrics

Electronic Arts (EA) will report Saturday.

• Analysts estimate revenue of $1.46B (+12.44% YoY).
• EPS is estimated to be $0.81 (+224.00% YoY).
• Financials · As Reported · Metrics

• There are no remaining IPOs expected this week. To see all upcoming IPOs, check out our IPO calendar.