• Market recap: The Nasdaq surged 1.2% yesterday, with the other main indices gaining as well. Specifically, Broadcom (AVGO) rose 4% and AMD (AMD) climbed 5%. JetBlue (JBLU) rocketed 19%. Source: CNBC.
• Trian offers $1.4B for Wendy's: Nelson Peltz's Trian-led consortium has reportedly offered $7.35 per share in cash to take Wendy's (WEN) private, a 20% premium to its last closing price. Shares rallied 15% premarket. Source: WSJ.
• Boeing craters 11%: Boeing (BA) plunged 11% to an 18-month low after slashing its 2026 aircraft delivery targets and delaying a planned production increase to 2027. Source: Bloomberg.
• Apple upgrades MacBook Pro with high-tech chip: Apple (AAPL) unveiled an updated 14-inch MacBook Pro featuring its M6 processor, delivering up to 30% faster graphics than the M5. Shares gained 1%. Source: The Verge.
• Rio Tinto proposes 56% CEO pay increase: Rio Tinto (RIO) plans to raise CEO Simon Trott's target compensation by 56% to $13.1M, with maximum pay rising 63%. The proposal is subject to shareholder approval. Shares rose 2.4%. Source: Reuters.
• GE Vernova acquires Trench for $9B: GE Vernova (GEV) agreed to acquire Trench Group for $9B in cash and debt, expanding its grid equipment business amid rising power demand. The deal is expected to close in late 2027. Source: StockAnalysis.com.
• Polymarket faces probe: A U.S. agency is investigating whether Polymarket violated its 2022 settlement by allowing U.S. users onto its offshore platform. The move raises compliance risks for prediction markets. Source: Reuters.
• Kalshi vs. Louisiana: Prediction-market operator Kalshi sued Louisiana regulators in federal court to block enforcement of a new law restricting computer-based gambling. Source: Pluribus News.

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• Stellantis: Stellantis (STLA) reported Q3 revenue of $41.84B, up 1.1%, and operating profit of $284M, beating estimates. It reaffirmed its 2026 guidance, with shares climbing 4% premarket. Source: WSJ.
• Robinhood: Robinhood (HOOD) reported Q3 EPS of $0.51, missing estimates of $0.55, as cryptocurrency trading revenue plunged 55% to $120M. Options and prediction markets drove transaction revenue up 19% to $867M, but rising expenses weighed on profits. Shares fell 8% premarket. Source: Reuters.
• SK Hynix: SK Hynix (SKHY) reported Q3 operating profit of $62.5B, up sevenfold and above estimates. It announced $45B in additional shareholder returns and expects memory shortages through 2030. Shares jumped 7.6% premarket. Source: Bloomberg.
• Boston Scientific: Boston Scientific (BSX) lowered its 2026 sales growth forecast to 4.25% and adjusted EPS guidance to $3.16–$3.18, citing a cyberattack and product challenges. Q3 revenue rose 1.5% to $5.14 billion, beating estimates, but shares tumbled 13% premarket. Source: WSJ.

• Durable goods orders surge: Durable goods orders rose 1.8% in September, the strongest gain in 5 months. The uptick was driven by a 28.4% jump in aircraft orders. August gains were revised upward by 0.1%. Source: Bloomberg.
• Mortgage rates decline: The 30-year fixed mortgage rate fell to 7.37%, lifting weekly applications 3.4%. Purchase applications rose 4% but remained 18% lower YoY, while adjustable-rate mortgages reached a 1-year high of 11.3% of applications. Source: CNBC.
• Trade deficit widens to 1.5-year high: The goods trade deficit rose 2.1% to $134.9B in September, its highest since March 2025 and above the $130.2B forecast. Capital goods imports surged 7.5%, driven by AI infrastructure investment. Source: Bloomberg.
• Consumer confidence rebounds: Consumer confidence rose 7.5 points to 91.7 in October, supported by lower gasoline prices. Source: AP.

• No clear outcome in Israeli elections: Israelis went to the polls yesterday in a high-stakes election, but neither PM Benjamin Netanyahu nor his main rivals appeared to have a path to a parliamentary majority. Whoever forms a government may have to rely on Arab parties, which won a record number of seats. Source: Haaretz.
• Bolsonaro flees to U.S. after election defeat: Defeated Brazilian presidential candidate Flávio Bolsonaro, a Trump ally, reportedly arrived in Florida after Brazil revoked his passports amid money laundering allegations. Source: BBC.
• France offers concessions to protesters: In a bid to quell protests, the French government pledged to replace its university admissions system by 2028, add 15K slots for university students, and provide €4B in school renovation loans. The move came as French consumer confidence plunged to a 13-year low. Sources: NY Times / Bloomberg.
• Train crash in Spain kills 30: At least 30 people have died in a crash in Spain involving two high-speed trains. Source: CNBC.

• SCOTUS upholds deportations: The Supreme Court declined to restore immigration judges' authority to temporarily suspend deportation cases, leaving a nationwide ban in place. The ruling supports President Trump's strict immigration agenda. Source: Reuters.
• Trump moves to repeal methane regulations: President Trump announced plans to eliminate Biden-era methane emission rules for oil and gas producers, claiming $45B in savings and access to 210M additional barrels of oil. Source: NPR.
• Iran war costs reach $47B: The Pentagon estimates that the Iran War has cost $47B, up from $43.6B in September. Munitions replacement alone accounted for $29B. Source: The Hill.
• Grand jury rejects indictment of former Trump aide: A federal grand jury declined to indict Cassidy Hutchinson over allegations that she lied during her 2022 testimony about the Jan. 6 Capitol attack. The decision marks a setback for the DOJ's efforts to prosecute Trump critics. Source: WSJ.

• 7:00 AM: MBA 30-Year Mortgage Rate
• 8:30 AM: Goods Trade Balance Adv.
• 8:30 AM: Retail Inventories Excl. Autos MoM Adv.
• 8:30 AM: Wholesale Inventories MoM Adv.
• 10:30 AM: EIA Crude Oil & Gasoline Stocks Change
• 2:00 PM: Fed Interest Rate Decision, FOMC Statement
• 2:30 PM: Fed Press Conference
• Thursday: Core PCE Price Index MoM, GDP Growth Rate QoQ Adv, Personal Income & Spending MoM

Visa (V) has released its quarterly earnings.

• Revenue of $12.14B (+13.19% YoY) beats by $48.79M.
• EPS of $3.48 (+16.78% YoY) beats by $0.04.
• Financials · As Reported · Metrics · Press Release

Seagate Technology (STX) has released its quarterly earnings.

• Revenue of $4.23B (+61.01% YoY) beats by $98.85M.
• EPS of $7.68 (+194.25% YoY) beats by $0.32.
• Financials · As Reported · Metrics · Press Release

Waste Management (WM) has released its quarterly earnings.

• Revenue of $6.85B (+6.25% YoY) beats by $34.21M.
• EPS of $2.15 (+8.59% YoY) misses by $0.03.
• Financials · As Reported · Metrics · Press Release

Robinhood (HOOD) has released its quarterly earnings.

• Revenue of $1.42B (+11.77% YoY) misses by $9.18M.
• EPS of $0.60 (-1.64% YoY) beats by $0.04.
• Financials · As Reported · Metrics · Press Release

NXP Semiconductors (NXPI) has released its quarterly earnings.

• Revenue of $3.79B (+25.48% YoY) beats by $21.33M.
• EPS of $4.20 (+35.05% YoY) beats by $0.15.
• Financials · As Reported · Metrics · Press Release

ONEOK (OKE) has released its quarterly earnings.

• Revenue of $12.46B (+44.26% YoY) beats by $1.79B.
• EPS of $2.13 (+42.95% YoY) beats by $0.64.
• Financials · As Reported · Metrics · Press Release

Baker Hughes Company (BKR) has released its quarterly earnings.

• Revenue of $8.03B (+14.48% YoY) beats by $270.68M.
• EPS of $0.70 (+2.94% YoY) beats by $0.08.
• Financials · As Reported · Metrics · Press Release

GE Vernova (GEV) has released its quarterly earnings.

• Revenue of $12.64B (+26.81% YoY) beats by $618.39M.
• EPS of $4.81 (+193.29% YoY) beats by $0.79.
• Financials · As Reported · Metrics · Press Release

Banco Santander (SAN) has released its quarterly earnings.

• Revenue of $18.29B (+9.19% YoY) beats by $389M.
• EPS of $0.30 (+15.38% YoY) beats by $0.04.
• Financials · As Reported · Metrics · Press Release

UBS Group AG (UBS) has released its quarterly earnings.

• Revenue of $13.35B (+4.62% YoY) beats by $2.04B.
• EPS of $0.85 (+11.84% YoY) misses by $0.10.
• Financials · As Reported · Metrics · Press Release

Equinor ASA (EQNR) has released its quarterly earnings.

• Revenue of $32.96B (+26.46% YoY) misses by $1.52B.
• EPS of $1.20 (+224.32% YoY) misses by $0.15.
• Financials · As Reported · Metrics · Press Release

Phillips 66 (PSX) has released its quarterly earnings.

• Revenue of $51.51B (+47.25% YoY) beats by $10.18B.
• EPS of $14.08 (+458.73% YoY) beats by $2.25.
• Financials · As Reported · Metrics · Press Release

GSK (GSK) has released its quarterly earnings.

• Revenue of $11.95B (+3.65% YoY) beats by $148M.
• EPS of $1.47 (-0.68% YoY) beats by $0.07.
• Financials · As Reported · Metrics · Press Release

Vertiv Holdings Co (VRT) has released its quarterly earnings.

• Revenue of $4.31B (+61.17% YoY) beats by $551.10M.
• EPS of $2.21 (+78.23% YoY) beats by $0.39.
• Financials · As Reported · Metrics · Press Release

American Electric Power Company (AEP) has released its quarterly earnings.

• Revenue of $6.83B (+13.68% YoY) beats by $290.46M.
• EPS of $2.23 (+23.89% YoY) beats by $0.19.
• Financials · As Reported · Metrics · Press Release

Boston Scientific (BSX) has released its quarterly earnings.

• Revenue of $5.14B (+1.44% YoY) beats by $60.60M.
• EPS of $0.73 (-2.67% YoY) in line with estimates.
• Financials · As Reported · Metrics · Press Release

Deutsche Bank Aktiengesellschaft (DB) has released its quarterly earnings.

• Revenue of $9.59B (+2.01% YoY) beats by $453M.
• EPS of $1.08 (+3.85% YoY) beats by $0.26.
• Financials · As Reported · Metrics · Press Release

United Microelectronics (UMC) has released its quarterly earnings.

• Revenue of $2.32B (+19.59% YoY) misses by $30M.
• EPS of $0.21 (+5.00% YoY) misses by $0.02.
• Financials · As Reported · Metrics · Press Release

GE HealthCare Technologies (GEHC) has released its quarterly earnings.

• Revenue of $5.51B (+7.19% YoY) beats by $159.45M.
• EPS of $1.34 (+25.23% YoY) beats by $0.13.
• Financials · As Reported · Metrics · Press Release

Alphabet (GOOGL) will report today after close.

• Analysts estimate revenue of $124.63B (+21.77% YoY).
• EPS is estimated to be $2.99 (+4.18% YoY).
• Financials · As Reported · Metrics

Microsoft (MSFT) will report today after close.

• Analysts estimate revenue of $90.70B (+16.78% YoY).
• EPS is estimated to be $4.72 (+14.29% YoY).
• Financials · As Reported · Metrics

Equinix (EQIX) will report today after close.

• Analysts estimate revenue of $2.56B (+10.69% YoY).
• EPS is estimated to be $9.28 (-5.60% YoY).
• Financials · As Reported · Metrics

Murphy USA (MUSA) will report today after close.

• Analysts estimate revenue of $6.18B (+21.02% YoY).
• EPS is estimated to be $8.50 (+17.24% YoY).
• Financials · As Reported · Metrics

Amazon (AMZN) will report tomorrow after market close.

• Analysts estimate revenue of $202.22B (+12.24% YoY).
• EPS is estimated to be $1.97 (+1.03% YoY).
• Financials · As Reported · Metrics

Eli Lilly (LLY) will report tomorrow before market open.

• Analysts estimate revenue of $22.51B (+27.92% YoY).
• EPS is estimated to be $6.36 (-9.40% YoY).
• Financials · As Reported · Metrics

Leonardo DRS (DRS) will report tomorrow before market open.

• Analysts estimate revenue of $1.03B (+7.23% YoY).
• EPS is estimated to be $0.35 (+20.69% YoY).
• Financials · As Reported · Metrics

TFI International (TFII) will report tomorrow after market close.

• Analysts estimate revenue of $2.23B (+13.18% YoY).
• EPS is estimated to be $1.74 (+45.00% YoY).
• Financials · As Reported · Metrics

ING Groep (ING) will report tomorrow before market open.

• Analysts estimate revenue of $7.00B (+1.51% YoY).
• EPS is estimated to be $0.79 (+12.86% YoY).
• Financials · As Reported · Metrics

General Dynamics (GD) will report Friday.

• Analysts estimate revenue of $13.72B (+6.29% YoY).
• EPS is estimated to be $4.13 (+6.44% YoY).
• Financials · As Reported · Metrics

Apple (AAPL) will report Monday.

• Analysts estimate revenue of $113.29B (+10.57% YoY).
• EPS is estimated to be $1.98 (+7.03% YoY).
• Financials · As Reported · Metrics

• Estimated Friday, Oct. 30: Aspen Neuroscience, Inc. (ASPE), a biotech firm focused on neurodegenerative diseases.
• Estimated Friday, Oct. 30: Bambusa Therapeutics, Inc. (BBTX), a pharma company focused on immunology and inflammation.
• Estimated Friday, Oct. 30: OPay Limited (OPAY), a Nigerian fintech firm with $805.83M in TTM revenue.