• Market recap: All 3 main indices fell yesterday as Treasury yields hovered around multi-decade highs. Meta (META), in particular, fell 5%, with other tech stocks also down. Sources: CNBC / CNBC.
• Boeing jet certification delayed: Boeing (BA) fell 7% after the FAA delayed 737 Max 10 certification, citing a software bug that could disrupt automated landing guidance during go-arounds. The agency said safety will determine the timeline. Source: CNBC.
• Starship completes first orbital mission: SpaceX’s (SPCX) Starship reached orbit for the first time and deployed 26 Starlink satellites, advancing its push into revenue-generating missions. Shares gained 1% premarket. Source: WSJ.
• Apple faces $5.7B patent verdict: A jury ordered Apple (AAPL) to dole out $5.7B after finding its vibration technology infringed 2 patents by Taction Technology. Apple, which fell 0.8%, plans to appeal. Source: BBC.
• RTX's $20.7B defense contract: RTX (RTX) subsidiary Raytheon secured a 5-year contract worth up to $20.7B to expand missile production amid growing demand from the U.S. and its allies. The deal includes options for a 2-year extension. Source: StockAnalysis.com.
• AAR buys majority stake in MRO: Aviation services firm AAR (AIR) agreed to pay $1.8B for a 65% stake in MRO Holdings, expanding its aircraft-maintenance capacity and geographic reach. Shares gained 2.5% premarket. Source: WSJ.
• Oura postpones IPO: Despite strong investor demand, smart-ring maker Oura postponed its IPO due to market uncertainty. The company had planned to raise up to $2.2B by selling 50M shares. Source: CNBC.
• Novo licenses obesity pill: Novo Nordisk (NVO) agreed to shell out up to $2.6B for global rights to Chinese pharma firm Hengrui’s (SHA:600276) once-weekly obesity pill. Novo fell 1% premarket. Source: Bloomberg.

• Anthropic eyes $2T IPO: Anthropic’s IPO could value it above $2T after 2025 revenue surged 12-fold to $4.6B. The AI lab posted an $8.06B operating loss and plans $518B in future infrastructure spending. Source: Reuters.
• AMD buys World Labs: AMD (AMD) will purchase AI startup World Labs, which focuses on advanced AI-model research, in an $8.2B all-stock deal. CEO Fei-Fei Li will become AMD’s chief scientist. AMD gained 1% premarket after falling 3.6% yesterday. Source: The Verge.
• Meta poaches MongoDB CEO: Meta (META) hired MongoDB (MDB) CEO CJ Desai — who had led the database firm for less than 1 year — to lead its new enterprise AI platform. MDB cratered 18.5% on the news. Source: Reuters.
• OpenAI halts model over safety concerns: OpenAI scrapped the rollout of GPT-6.1 Astra after it failed safety standards for autonomous tasks. Scrutiny of the company has intensified following recent unauthorized hacks. Source: WSJ.

• Middle East oil exports rebound: Crude oil exports from the Middle East rose to nearly 13M barrels per day — their highest level since the Iran War began in February — as Gulf producers found ways around Iran’s Hormuz disruptions. Source: WSJ.
• Consumer sentiment hits 4-month low: U.S. consumer sentiment fell to 48.1 in September — down from 51.7 in August — as inflation concerns intensified. One-year inflation expectations rose to 4.6%. Source: Reuters.
• Durable goods orders hold steady: U.S. durable goods orders were unchanged at $338.6B in August, beating forecasts for a 0.3% decline. Transportation orders fell 0.6%, while orders excluding defense rose 0.1%. Source: WSJ.
• Spanish inflation hits 3.5-year high: Spain’s inflation accelerated to 5% in September, exceeding forecasts. The last time the country's inflation hit this mark was Feb. 2023. Source: Bloomberg.
• Australia raises rates to 15-year high: Australia's central bank raised its cash rate by 25 basis points to 4.60% — its 4th hike this year, and a high not seen since 2011. Source: Reuters.

• U.S. exits Iraq: The U.S. military plans to depart Iraqi bases by tomorrow, ending a 2-decade military presence. Iraqi security officials warn that the withdrawal could expand Iran's influence in the region. Source: Reuters.
• White House bans Canadian imports: The White House is banning nearly $1B in Canadian goods, starting today, including alcohol, dairy products, and motorcycles, escalating the countries' ongoing trade dispute. Source: StockAnalysis.com.
• Switzerland votes down stricter neutrality: Swiss voters overwhelmingly rejected a proposal to tighten the country’s rules surrounding neutrality in international disputes, preserving the country's ability to impose sanctions on Russia. Source: Politico.

• Trump lowers fuel economy standards: The administration cut the 2031 fuel economy target from 50.4 to 34.9 mpg, aiming to lower vehicle costs and give automakers more flexibility. However, the changes are expected to increase fuel consumption and emissions. Source: StockAnalysis.com.
• SCOTUS greenlights voter database use: The Supreme Court lifted restrictions on the Trump admin.'s use of a database to check voter citizenship, though federal law limits broad voter-roll purges shortly before elections. Source: BBC.
• FBI chief resigns: FBI Co-Deputy Director Andrew Bailey is resigning after just over 1 year in the position, citing family reasons. Bailey, a Trump ally, was allegedly concerned about recent agent reassignments. Source: Fox News.
• College sports overhaul clears Senate: The Senate passed a bipartisan bill to regulate athlete payments and transfers, give the NCAA limited antitrust protection, and cap direct revenue sharing. Source: AP.
• White House unveils $15B IA steel mill: President Trump heralded a new $15B steel mill in Iowa, managed by Mesabi Metallics, amid a push to reshore steel production. Source: WSJ.

• 9:00 AM: S&P/Case-Shiller Home Price YoY
• 10:00 AM: JOLTs Job Openings
• 10:00 AM: CB Consumer Confidence
• 4:30 PM: API Crude Oil Stock Change
• Wednesday: Core PCE Price Index MoM, GDP Growth Rate QoQ Final, Personal Income and Spending MoM
• Thursday: ISM Manufacturing PMI
• Friday: Non-Farm Payrolls, Unemployment Rate

Jefferies Financial Group (JEF) has released its quarterly earnings.

• Revenue of $2.22B (+8.53% YoY) beats by $22.93M.
• EPS of $1.09 (+7.92% YoY) beats by $0.08.
• Financials · As Reported · Metrics · Press Release

CarMax (KMX) has released its quarterly earnings.

• Revenue of $7.88B (+19.47% YoY) beats by $891.41M.
• EPS of $1.16 (+81.25% YoY) beats by $0.46.
• Financials · As Reported · Metrics · Press Release

Vail Resorts (MTN) has released its quarterly earnings.

• Revenue of $278.07M (+2.50% YoY) beats by $6.96M.
• EPS of -$5.34 misses by $0.03.
• Financials · As Reported · Metrics · Press Release

Uranium Energy (UEC) has released its quarterly earnings.

• Revenue of $17.05M (n/a YoY) beats by $8.05M.
• EPS of -$0.12 misses by $0.10.
• Financials · As Reported · Metrics · Press Release

AAR Corp. (AIR) has released its quarterly earnings.

• Revenue of $918M (+24.12% YoY) beats by $37.65M.
• EPS of $1.49 (+37.96% YoY) beats by $0.20.
• Financials · As Reported · Metrics · Press Release

Micron Technology (MU) will report tomorrow after market close.

• Analysts estimate revenue of $51.13B (+351.89% YoY).
• EPS is estimated to be $31.50 (+939.60% YoY).
• Financials · As Reported · Metrics

Jabil (JBL) will report tomorrow before market open.

• Analysts estimate revenue of $9.68B (+17.30% YoY).
• EPS is estimated to be $4.02 (+22.19% YoY).
• Financials · As Reported · Metrics

FactSet Research Systems (FDS) will report tomorrow before market open.

• Analysts estimate revenue of $629.46M (+5.45% YoY).
• EPS is estimated to be $4.34 (+7.16% YoY).
• Financials · As Reported · Metrics

Conagra Brands (CAG) will report tomorrow before market open.

• Analysts estimate revenue of $2.59B (-1.69% YoY).
• EPS is estimated to be $0.29 (-25.64% YoY).
• Financials · As Reported · Metrics

Accenture (ACN) will report Thursday.

• Analysts estimate revenue of $18.03B (+2.45% YoY).
• EPS is estimated to be $3.18 (+4.95% YoY).
• Financials · As Reported · Metrics

Nike (NKE) will report Thursday.

• Analysts estimate revenue of $11.35B (-3.19% YoY).
• EPS is estimated to be $0.44 (-10.20% YoY).
• Financials · As Reported · Metrics

• Estimated Wednesday, Sept. 30: Accelevation Holdings Corp. (ACCV), an AI infrastructure provider with $726.64M in TTM revenue and 146.9% revenue growth YoY.
• Estimated Wednesday, Sept. 30: Siyata PTT (PTT), a maker of cellular-based communications solutions with $11.15M in TTM revenue and -4.2% revenue growth YoY.