• JPMorgan finances security projects: JPMorgan Chase (JPM) financed $230B in projects during the first year of its $1.5T national-security initiative, supporting defense, energy, and industrial supply chains. CEO Jamie Dimon expects the bank to exceed its target. Source: WSJ.
• Anthropic pledges shares to fund: Anthropic plans to allocate 5% of its equity to a public benefit fund ahead of its anticipated IPO, with potential increases tied to valuation growth. The fund will support nonprofits and efforts to address AI-driven job disruption. Source: Reuters.
• Musk pledges SpaceX shares to children: Elon Musk said he will give one SpaceX (SPCX) share to every U.S. child next year, potentially distributing $10B in stock to 73M children. Source: WSJ.
• Apple foldable iPhone sells out: Apple (AAPL) reported extraordinary demand for its $1,999 iPhone Duo, with delivery dates slipping to January 2027 within hours of launch. Source: FT.
• SpaceX and Tesla report this week: SpaceX (SPCX) and Tesla (TSLA) report earnings on Tuesday and Wednesday, with revenue forecasts of $12.74B and $27.88B, respectively. Source: Reuters.
• Microsoft exits major AI project: Microsoft (MSFT) has withdrawn from a £2B (USD $2.6B) U.K. AI data center project after grid delays pushed power availability into the 2030s. Source: BBC.
• VinFast revenue surges on Asian demand: Vietnamese EV maker VinFast (VFS) reported an 85.5% YoY increase in Q2 revenue to $1.17B, driven by strong domestic sales and growing demand in India, Indonesia, and the Philippines. Source: Reuters.
• Netflix faces slowing engagement: Netflix (NFLX) is expected to report 11.8% Q3 revenue growth to $12.87B, its slowest in three years, as U.S. churn rises 16.6% and viewing time declines. Source: Reuters.
• Albertsons seeks $8B from Kroger: Albertsons (ACI) is beginning a two-week trial against Kroger (KR), seeking over $8B in damages over their failed $24.6B merger. Albertsons alleges Kroger failed to secure antitrust approval, while Kroger blames regulatory opposition. Source: Reuters.
• Uber wins dismissal of $333M lawsuit: Uber (UBER) secured the dismissal of a £250M (USD $333M) lawsuit brought by over 13,000 London black cab drivers alleging unlawful competition. A U.K. judge ruled the claims were time-barred. Source: Bloomberg.

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• U.S. budget deficit nears $2T: The U.S. fiscal deficit rose 12% YoY to $1.99T, driven by higher spending, interest costs, and weaker tax revenue. The 2025 tax cuts are projected to add $3.4T to the deficit by 2034, raising fiscal sustainability concerns. Source: StockAnalysis.com.
• U.S. corporate tax revenue plunges: U.S. corporate tax receipts fell 15% to $381B in fiscal 2026 despite record profits, as Trump’s tax cuts enabled immediate deductions for AI investments. The $70B decline adds pressure to the federal deficit. Source: NY Times.
• U.S. industrial production accelerates: U.S. industrial production rose 0.7% MoM in September, the largest gain since April, and increased 2.2% YoY. Manufacturing grew 0.3%, while utilities jumped 3.5%. Capacity utilization reached 76.9%. Source: StockAnalysis.com.
• China’s export boom drives growth: China’s GDP grew 4.5% YoY in Q3, supported by surging exports and 5.5% industrial production growth. Retail sales rose just 1.1% in September, highlighting weak domestic demand and growing reliance on foreign markets. Source: NY Times.
• Global food inflation set to accelerate: Food inflation is expected to intensify through 2027 as El Niño droughts, shipping disruptions, and higher fertilizer costs squeeze supplies. Wheat prices have risen over 30% in 2026, raising consumer costs and inflation risks. Source: Reuters.

• Latest on Russia's war in Ukraine: Putin proposed meeting Trump and Xi in November to negotiate an end to the Ukraine war, excluding Kyiv. Trump has not agreed, while Ukraine rejected the idea. Zelenskyy has accused Trump of pressuring Kyiv to capitulate to Russia, citing restricted Starlink access and delayed Patriot missiles. Sources: WSJ / Bloomberg.
• Trump waives sweeping Russia sanctions: Trump waived new sanctions and tariffs on Russia, including duties of up to 500% on Russian goods, a move he claimed was to support peace negotiations and ease diesel prices. The move drew bipartisan criticism. Source: ABC.
• French unrest intensifies: France’s government faces mounting pressure after protests involving over 500,000 people turned violent, damaging 1,500 businesses and leaving at least two people dead. The unrest complicates efforts to reduce public debt ahead of the 2027 election, with further protests planned for November 5. Sources: BBC / CNN.
• Houthi attack escalates Yemen conflict: Iran-aligned Houthis reportedly killed at least 18 people in a ballistic missile strike on a Yemeni government training camp. Source: Reuters.
• Canadian military fire kills four: A fast-moving grass fire at an Alberta military base killed four Canadian soldiers and injured 39 others, including 19 critically, during live-fire training Saturday. Source: AP.
• No Kings protest and blackout: The No Kings coalition held thousands of events across the U.S. on Saturday, promoting early voting and election protection. During the protests, Meta (META) shut down the No Kings Instagram account. Meta says Anthropic’s Claude mistakenly suspended the account and apologized, but the incident highlights the risks of AI moderation and tech company power. Source: NPR / Bloomberg.

• 10:00 AM: NAHB Housing Market Index
• Tuesday: Building Permits Prelim., Housing Starts

Fifth Third Bancorp (FITB) has released its quarterly earnings.

• Revenue of $3.28B (+42.19% YoY) misses by $62.40M.
• EPS of $1.13 (+21.51% YoY) beats by $0.26.
• Financials · As Reported · Metrics · Press Release

VinFast Auto (VFS) has released its quarterly earnings.

• Revenue of $1.20B (+81.60% YoY) beats by $4M.
• EPS of -$0.53 misses by $0.22.
• Financials · As Reported · Metrics · Press Release

Cleveland-Cliffs (CLF) has released its quarterly earnings.

• Revenue of $5.61B (+18.55% YoY) misses by $78.18M.
• EPS of $0.28 beats by $0.04.
• Financials · As Reported · Metrics · Press Release

SpaceX (SPCX) will report tomorrow after market close.

• Analysts estimate revenue of $12.94B (n/a YoY).
• EPS is estimated to be $0.16 (n/a YoY).
• Financials · As Reported · Metrics

Valmont Industries (VMI) will report tomorrow before market open.

• Analysts estimate revenue of $1.11B (+6.48% YoY).
• EPS is estimated to be $5.73 (+15.06% YoY).
• Financials · As Reported · Metrics

3M Company (MMM) will report tomorrow before market open.

• Analysts estimate revenue of $6.61B (+4.89% YoY).
• EPS is estimated to be $2.39 (+9.13% YoY).
• Financials · As Reported · Metrics

Commerce Bancshares (CBSH) will report tomorrow before market open.

• Analysts estimate revenue of $495.55M (+12.38% YoY).
• EPS is estimated to be $1.07 (+5.94% YoY).
• Financials · As Reported · Metrics

Tesla (TSLA) will report Wednesday.

• Analysts estimate revenue of $28.04B (-0.18% YoY).
• EPS is estimated to be $0.40 (-20.00% YoY).
• Financials · As Reported · Metrics

Meta Platforms (META) will report Wednesday.

• Analysts estimate revenue of $63.36B (+23.65% YoY).
• EPS is estimated to be $5.89 (-18.76% YoY).
• Financials · As Reported · Metrics

Elevance Health (ELV) will report Wednesday.

• Analysts estimate revenue of $49.04B (-2.10% YoY).
• EPS is estimated to be $4.69 (-22.22% YoY).
• Financials · As Reported · Metrics

CSX Corporation (CSX) will report Wednesday.

• Analysts estimate revenue of $3.96B (+10.43% YoY).
• EPS is estimated to be $0.53 (+20.45% YoY).
• Financials · As Reported · Metrics

Moody's (MCO) will report Wednesday.

• Analysts estimate revenue of $2.07B (+3.34% YoY).
• EPS is estimated to be $4.25 (+8.42% YoY).
• Financials · As Reported · Metrics

Eni S.p.A. (E) will report Friday.

• Analysts estimate revenue of $22.74B (-3.73% YoY).
• EPS is estimated to be $1.92 (+102.11% YoY).
• Financials · As Reported · Metrics

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