• Nike tumbles on weak outlook: Nike (NKE) fell 10% premarket after Q1 revenue dropped 4% to $11.21B and missed estimates. Nike expects a high-single-digit FY2027 revenue decline and plans restructuring to target $2.5B in savings. Source: StockAnalysis.com.
• Takeover interest juices Mattel: Mattel (MAT) surged 19% after Authentic Brands Group expressed takeover interest at more than $20 a share, valuing the toy maker at $6B — though no formal sale process is underway. Source: WSJ.
• Boeing steers clear of strike: Boeing (BA) engineers and technicians approved a 4-year contract with immediate 10% raises, averting a potential strike as the airplane giant works to increase production. Shares climbed 3.4%. Source: CNBC.
• ON Semiconductor revises Synaptics deal: ON Semi (ON) will acquire Synaptics (SYNA) for $5.7B in cash, down from the original $7B stock deal. SYNA surged 15% premarket, while ON rose 8%. Source: WSJ.
• Dr Pepper names coffee spinoff CEO: Keurig Dr Pepper (KDP) hired Kimberly-Clark (KMB) President Russ Torres to lead its coffee business and become CEO after its planned early-2027 spinoff. KMB fell 3.2%, with KDP up 1.2%. Source: WSJ.
• Novartis signs $7.8B RNA deal: Novartis (NVS) agreed to pay Chinese firm Abogen $7.8B for rights to an experimental autoimmune drug and options on other RNA therapies. Novartis climbed modestly premarket. Source: Reuters.
• Google unveils Gemini 4 Argon: Google (GOOGL) launched its latest AI agent featuring competitive benchmarks and pricing, but analysts say it needs a stronger personal agent. Shares fell 1.7%. Source: CNBC.
• Amazon explores $8B chip financing: Amazon (AMZN) is reportedly seeking to move about $8B of advanced Nvidia (NVDA) chips into an investor-backed vehicle and lease them back, potentially reducing the balance-sheet burden of its AI infrastructure spending. Sources: FT / Reuters.
• Disney plans TV overhaul and layoffs: Disney (DIS) expects to consolidate television divisions and cut hundreds of jobs as CEO Josh D’Amaro streamlines operations around streaming. Shares fell 3.4%. Source: WSJ.
• Ellison asks CNN chief to stay: Paramount (PSKY) CEO David Ellison asked CNN CEO Mark Thompson to remain after the Warner Bros. Discovery (WBD) acquisition closes. Thompson is expected to keep the newsroom independent, with Bari Weiss — CBS's controversial editor-in-chief — not expected to play a role. Source: WSJ.
• Suno expands into AI speech: AI music platform Suno launched a tool to generate synthetic voiceovers from scripts or prompts with optional background music. Source: The Verge.

• Roblox settles KS safety case: Roblox (RBLX) agreed to pay more than $10M to settle with Kansas surrounding child-safety concerns and will adopt stricter age verification, parental controls, and chat restrictions. Shares are down 47% YTD. Source: AOL.
• Feds probe ex-representative's pardon bets: U.S. regulators are investigating former Rep. Adam Kinzinger, a Republican who was critical of President Trump, over Kalshi bets regarding whether President Biden would pardon him. Source: Politico.
• ICE victim's family sues U.S.: The family of Renee Good, who was shot and killed by an ICE agent in Minnesota, sued the government for wrongful death. Source: CNN.
• Wisconsin Muslim leader may be deported: An immigration judge ruled that Salah Sarsour — a legal U.S. resident and Palestinian activist — can be deported, citing decades-old allegations from Israel. Sarsour claims the case is politically motivated and plans to appeal. Source: NY Times.

• Jobs growth comes in soft: U.S. employers added 29K jobs in September, far below the 84K expected. Revisions to prior months wiped off 60K jobs. The unemployment rate ticked up to 4.2%, above the expected 4.1%. Source: CNBC.
• GDP growth revised sharply higher: The U.S. economy grew at a 2.2% annualized pace in Q2, beating forecasts and outpacing the prior 1.5% estimate. Consumer spending rose 3.8% and business investment climbed 9%. Source: AP.
• Mortgage rates hit 3-year high: The average 30-year fixed mortgage rate rose to 7.28%, its highest since Nov. 2023 and the largest WoW gain in 4 years. Adjustable-rate mortgages now account for 10.3% of applications, the highest share in 12 months. Sources: NY Times / WSJ.
• Oil falls below $100: Oil tumbled 3.1% — back under $100 amidst recent price volatility — after reports that European nations may release 50M barrels of diesel and crude reserves. Sources: CNBC / Reuters.
• European inflation notches 3-year high: Eurozone inflation accelerated to 3.8% in September, up from 3.2%. The uptick exceeded forecasts, with energy prices up 18.8% YoY. Source: WSJ.

• Trump sends more warships toward Iran: The U.S. is reportedly deploying a third naval force and 2K Marines to the Middle East as tensions with Iran persist. President Trump has suggested he may renew strikes after the midterms. Source: CNBC.
• U.K. and France end migrant deal: Britain and France are terminating their “one in, one out” migration pact after France declined to renew it, calling for a broader E.U.-U.K. agreement. Source: NY Times.
• Arrest made over U.S. base incident: U.K. counterterrorism police arrested a man with dual British-Iranian citizenship over a possible attempted attack at a U.S. airbase in Britain. Downing Street suspects Iranian involvement. Source: BBC.
• Spanish housing measures face defeat: Despite widespread cost-of-living protests, Spain’s emergency housing decrees are set to fail in parliament after a small party said it would vote no. The measures would restrict evictions and automatically renew expiring rental contracts. Source: AP.
• São Tomé opposition wins election: In the small African island nation of São Tomé and Príncipe, the opposition left-wing party secured the most seats but fell short of an outright majority. Sources: TrendsNAfrica / AfricaNews.
• Trump Accounts onboard 60M kids: The Treasury auto-enrolled more than 60M children in Trump Accounts, expanding access to the investment program. Families must still claim accounts to receive $1K in federal seed contributions. Source: CNBC.

• 8:30 AM: Non Farm Payrolls
• 8:30 AM: Unemployment Rate
• 8:30 AM: Average Hourly Earnings MoM & YoY
• 8:30 AM: Participation Rate
• 10:00 AM: Factory Orders MoM

Nike (NKE) has released its quarterly earnings.

• Revenue of $11.21B (-4.33% YoY) misses by $132.71M.
• EPS of $0.48 (-2.04% YoY) beats by $0.04.
• Financials · As Reported · Metrics · Press Release

Constellation Brands (STZ) will report Tuesday.

• Analysts estimate revenue of $2.55B (+2.67% YoY).
• EPS is estimated to be $3.57 (-1.65% YoY).
• Financials · As Reported · Metrics

PepsiCo (PEP) will report Thursday.

• Analysts estimate revenue of $24.99B (+4.38% YoY).
• EPS is estimated to be $2.30 (+0.44% YoY).
• Financials · As Reported · Metrics

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