• Market overview: Earnings from JPMorgan Chase (JPM), Goldman Sachs (GS), and other major banks begin Tuesday, ahead of Wednesday’s CPI report. S&P 500 profits are projected to rise over 30% in Q3, but inflation and high Treasury yields threaten stocks. Source: Reuters.
• Amazon eyes $7B AI acquisition: Amazon (AMZN) is in talks to acquire AI startup Decart for around $7B. Decart develops software that enables switching between AI chips. Source: WSJ.
• Humana surged on Friday: Humana (HUM) shares jumped 15% on Friday after 95% of its Medicare Advantage members qualified for plans rated four stars or higher in 2027, up from 20% in 2026. The improvement could generate $4.8B in bonus payments in 2028. Source: Reuters.
• TotalEnergies expands solar venture: TotalEnergies (TTE) and KKR (KKR) are adding a $1.2B portfolio of three solar projects in Texas and Ohio to their U.S. joint venture, increasing capacity by 700 MW to 2.1 GW. Operations are expected to begin by early 2027. Source: Reuters.
• Stellantis seeks manufacturing incentives: Stellantis (STLA) CEO Antonio Filosa urged the EU to reward local car production as Chinese automakers capture 12% of Europe’s market. Shares rose after China agreed to halve hybrid exports to the EU. Stellantis also unveiled new, affordable models. Source: CNBC / Reuters.
• IonQ acquires cybersecurity firm Elisity: IonQ (IONQ) has agreed to acquire Elisity in an all-stock deal worth up to $1.3B, including $150M in performance-based payments. The acquisition aims to strengthen IonQ’s cybersecurity capabilities. Source: WSJ.
• AI boom faces financing constraints: Intel (INTC) and Broadcom (AVGO) CEOs warned that rising borrowing costs and uncertain investment returns could become bigger obstacles to AI expansion than chip or power shortages. Both expect strong computing demand through 2029, potentially into 2030. Source: CNBC.
• Microsoft exec urges AI regulation: Microsoft (MSFT) President Brad Smith called for global AI safety rules, including incident reporting, independent evaluations, and emergency shutdowns. Source: BBC.
• Retailers cut product ranges: Dollar General (DG), BJ’s Wholesale (BJ), Lululemon (LULU), and Under Armour (UAA) are reducing product assortments to streamline inventory, limit discounting, and improve profitability as consumers curb spending. Source: CNBC.
• Volkswagen deliveries fall: Volkswagen (VWAGY) reported a 14.3% drop in Q3 global deliveries to 1.89M vehicles, its steepest decline in over four years. Sales in China plunged 38.5%, while global EV deliveries fell 5%. Source: Reuters.

• China’s auto sales slump in September: Passenger car sales fell 28% YoY to 1.62M units, despite the traditional peak season. New-energy vehicle sales dropped 17%, while passenger car exports surged 74% as automakers sought growth overseas. Source: WSJ.
• Indian inflation raises rate hike risks: India’s annual inflation rose to a 22-month high of 5.54% in September, exceeding forecasts of 5.40%, as food and energy costs surged. The increase adds pressure on the Reserve Bank of India to raise interest rates again in December. Source: CNBC.
• IMF sees AI sustaining global growth: The IMF said AI infrastructure investment is helping sustain global growth near 3%, potentially boosting Asian economies by up to 1 percentage point. However, they also project that AI could disrupt 40% of jobs worldwide and 60% in advanced economies, raising labor market risks. Source: Reuters.
• OPEC slashes oil demand outlook: OPEC cut its global oil demand growth forecast for 2026 to 400,000 barrels per day, down from 1.4M at the start of the year. Source: Reuters.

• Houthi strikes escalate Saudi conflict: Houthi attacks on Riyadh’s international airport killed at least 13 people over the weekend, raising fears of wider U.S. involvement. Source: NPR.
• Russia undermines energy ceasefire: President Zelensky said Russia struck a power plant in Kharkiv shortly after President Trump announced an energy ceasefire. Ukraine said it is willing to honor a truce if Moscow reciprocates. Russia has yet to confirm an agreement. Source: BBC.
• EU expands sanctions on Russia: The EU is imposing sanctions on nearly 1,600 Russian individuals and companies linked to drone, missile, and weapons production, marking its largest single sanctions listing since the Ukraine invasion. Source: AP.
• China outlines EU hybrid trade deal: China said its agreement with the EU guarantees nondiscriminatory hybrid vehicle import quotas and allows exports to grow from 2025 levels. The EU expects the deal to more than halve Chinese hybrid shipments. Source: Reuters.
• Senators oppose Russian diesel deal: 6 bipartisan senators urged Trump to reverse a deal to import Russian diesel, citing sanctions violations and concerns over funding Russia's war in Ukraine. Experts say the imports are unlikely to significantly lower U.S. fuel prices. Source: AP.
• DOJ probes major TV networks: The Justice Dept. is investigating Disney’s (DIS) ABC, Paramount’s (PSKY) CBS, CNN, Fox’s (FOX) Fox News and Comcast’s (CMCSA) NBC for potential antitrust violations after they suspended pooled White House coverage. Source: CNN.
• U.S. economists win Nobel Prize: Robert E. Hall and Michael Woodford received the 2026 Nobel Prize in Economics for research on how household and business behavior shapes economic stability. Source: NY Times.

• Tuesday: Existing Home Sales
• Wednesday: Core Inflation Rate MoM & YoY, Inflation Rate MoM & YoY
• Thursday: PPI MoM, Retail Sales MoM, Fed Chair Warsh Speech

• There are no major recent earnings to report today, but you can check the earnings calendar for a complete list.

JPMorgan Chase (JPM) will report tomorrow before market open.

• Analysts estimate revenue of $51.41B (+9.11% YoY).
• EPS is estimated to be $5.94 (+17.16% YoY).
• Financials · As Reported · Metrics

Johnson & Johnson (JNJ) will report tomorrow before market open.

• Analysts estimate revenue of $25.39B (+5.84% YoY).
• EPS is estimated to be $2.51 (-10.36% YoY).
• Financials · As Reported · Metrics

Albertsons Companies (ACI) will report tomorrow before market open.

• Analysts estimate revenue of $18.96B (+0.25% YoY).
• EPS is estimated to be $0.43 (-2.27% YoY).
• Financials · As Reported · Metrics

ASML Holding (ASML) will report Wednesday.

• Analysts estimate revenue of $13.18B (+49.98% YoY).
• EPS is estimated to be $12.47 (+94.24% YoY).
• Financials · As Reported · Metrics

Fastenal Company (FAST) will report Wednesday.

• Analysts estimate revenue of $2.45B (+14.87% YoY).
• EPS is estimated to be $0.34 (+17.24% YoY).
• Financials · As Reported · Metrics

State Street (STT) will report Wednesday.

• Analysts estimate revenue of $4.04B (+13.99% YoY).
• EPS is estimated to be $3.67 (+32.01% YoY).
• Financials · As Reported · Metrics

TSMC (TSM) will report Thursday.

• Analysts estimate revenue of $45.62B (+37.84% YoY).
• EPS is estimated to be $4.45 (+52.40% YoY).
• Financials · As Reported · Metrics

The Bank of New York Mellon Corporation (BNY) will report Thursday.

• Analysts estimate revenue of $5.56B (+9.70% YoY).
• EPS is estimated to be $2.26 (+18.32% YoY).
• Financials · As Reported · Metrics

U.S. Bancorp (USB) will report Thursday.

• Analysts estimate revenue of $8.01B (+9.69% YoY).
• EPS is estimated to be $1.32 (+8.20% YoY).
• Financials · As Reported · Metrics

PNC Financial (PNC) will report Thursday.

• Analysts estimate revenue of $6.59B (+11.47% YoY).
• EPS is estimated to be $4.91 (+12.87% YoY).
• Financials · As Reported · Metrics

Marsh & McLennan Companies (MRSH) will report Thursday.

• Analysts estimate revenue of $6.64B (+4.57% YoY).
• EPS is estimated to be $1.97 (+6.49% YoY).
• Financials · As Reported · Metrics

The Travelers Companies (TRV) will report Friday.

• Analysts estimate revenue of $11.29B (-9.43% YoY).
• EPS is estimated to be $7.26 (-10.81% YoY).
• Financials · As Reported · Metrics

Truist Financial (TFC) will report Friday.

• Analysts estimate revenue of $5.35B (+2.09% YoY).
• EPS is estimated to be $1.07 (+2.88% YoY).
• Financials · As Reported · Metrics

• Estimated Thursday, October 15: Iambic Therapeutics, Inc. (IAM), a biotech firm focused on small molecule cancer therapies with $18.25M in TTM revenue and 689.4% revenue growth YoY.
• Estimated Friday, October 16: City Therapeutics, Inc. (CTY), a clinical-stage biotech company focused on RNA interference with $14.34M in TTM revenue and 388.2% revenue growth YoY.