• Market recap: All 3 main indices fell yesterday, with the Nasdaq down 1.4%. In particular, CoreWeave (CRWV) and Nebius (NBIS) fell 5–6%. This morning, Nasdaq futures tanked 2.6%. Sources: CNBC / CNBC.
• Google sees record $500B selloff: Google (GOOGL) plunged nearly 13% on Thursday in its worst trading day ever, wiping out $500B in market value. A $9.07B quarterly FCF deficit, heavy AI spending, and weaker-than-expected search advertising fueled investor concerns. Source: CNBC.
• Kalshi valuation surges to $40B: Kalshi raised $1B in funding, lifting its valuation 82% from $22B in May. Annualized trading volume now exceeds $1T, with over 30M accounts. The company plans further expansion despite legal challenges over sports betting. Source: StockAnalysis.com.
• Thrive buys ADT for $7.6B: Josh Kushner's Thrive Holdings will purchase home-security firm ADT (ADT) for $10 per share in cash, valuing the company at $15.3B including debt. Shares surged 33% on the news. Source: WSJ.
• Biggest-ever crypto hack hits Binance: Hackers linked to North Korea stole an estimated $6.3B from Binance in what may be the largest crypto theft ever. The exchange suspended deposits and withdrawals, pledged to cover customer losses, and froze roughly $3B. Bitcoin fell below $80K amid market turmoil. Source: NY Times.
• Skydance valuation raises debt concerns: Skydance (SKYD) is trading at a $40B market value, well below its $58B book equity and $57B goodwill following its Warner acquisition. Shares have fallen 19% since the deal closed. Source: WSJ.

• Amazon: Amazon (AMZN) fell 7% premarket after Q3 revenue and EPS missed, though revenue rose 12% to $201.9B and net income reached $20.7B. AWS sales surged 39% to $46B, but $42.4B in negative annual free cash flow fueled AI spending concerns. Source: WSJ.
• Intel: Intel (INTC) tanked 25% premarket despite Q3 revenue rising 21% to $16.5B. Its Q4 revenue forecast of $15–16B missed estimates as AI-driven memory shortages hurt PC demand, overshadowing 78% growth in data center sales. Source: NY Times.
• Rivian: EV maker Rivian (RIVN) rose 8% premarket as Q3 revenue reached $2.16B, beating estimates, while its adjusted EPS loss narrowed to $0.48. The firm raised its 2026 delivery guidance to 67–70K vehicles. Source: CNBC.
• Roblox: Roblox (RBLX) reported a Q3 loss of $227M, or $0.32 per share, beating estimates. Revenue rose to $1.57B, but daily users fell 9% to 138M, engagement hours dropped 15%, and bookings declined 12% to $1.7B. As a result, shares plunged 17% premarket. Source: WSJ.
• Starbucks: Starbucks (SBUX) reported 7.2% global same-store sales growth in fiscal Q4, beating expectations of 6%. The uptick was driven by a 7.7% increase in U.S. sales. Although total revenue missed forecasts, shares rose 2% premarket. Source: AP.
• Reddit: Reddit (RDDT) fell 21% premarket despite Q3 revenue rising 53% to $895M, beating estimates. Declining Google (GOOGL) referrals and a 2% drop in daily U.S. users prompted plans to test mandatory logins, raising concerns over future ad growth. Sources: Reuters / The Verge.

• National debt tops 100% of GDP: The U.S. national debt reached $32.2T, or 100.03% of GDP, at fiscal year-end — its highest ratio since 1946. The nearly $2T annual deficit and rising interest costs raise concerns about fiscal sustainability and borrowing pressures. Source: WSJ.
• Gas declines as diesel flatlines: Average U.S. gas prices fell $0.05 WoW to $4.22 per gallon but remained 39% above last year. Diesel was largely unchanged WoW at $6.32. Sources: AAA / CNN.
• Mexican growth hits 3-year high: Mexico's GDP grew 3.2% YoY in Q3, beating forecasts of 3% and accelerating from 2.2% in Q2. Source: Bloomberg.
• Europe keeps rates steady, GDP beats: The European Central Bank held its deposit rate at 2.5% after September's hike despite persistent inflation. Meanwhile, Eurozone GDP grew 0.4% in Q3, double the forecasted amount. Sources: CNBC / Bloomberg.
• Japan holds rates and meets inflation target: The BOJ kept interest rates at 1.25%, their highest level since 1995, while declaring underlying inflation consistent with its 2% target for the first time since 2013. Source: CNBC.

• GOP-led states tighten voting rules ahead of midterms: Voters in at least 22 states face new restrictions, including stricter ID requirements, fewer polling sites, and reduced early voting. Republicans say they are securing elections, while critics warn that the moves may suppress turnout. Source: CNN.
• Helicopter crash kills 3 in OR: Two helicopters collided in Oregon yesterday, killing all 3 people on board. The FAA and NTSB are investigating. Source: AP.

• 8:30 AM: Employment Cost - Benefits, Wages, & Index QoQ
• 9:45 AM: Chicago PMI

Amazon (AMZN) has released its quarterly earnings.

• Revenue of $201.94B (+12.09% YoY) misses by $273.31M.
• EPS of $1.89 (-3.08% YoY) misses by $0.08.
• Financials · As Reported · Metrics · Press Release

Intel (INTC) has released its quarterly earnings.

• Revenue of $16.51B (+20.95% YoY) beats by $35.64M.
• EPS of $0.52 (+126.09% YoY) beats by $0.15.
• Financials · As Reported · Metrics · Press Release

Gilead Sciences (GILD) has released its quarterly earnings.

• Revenue of $8.30B (+6.83% YoY) beats by $494.99M.
• EPS of $2.55 (+3.24% YoY) beats by $0.37.
• Financials · As Reported · Metrics · Press Release

Sandisk (SNDK) has released its quarterly earnings.

• Revenue of $11.03B (+377.95% YoY) beats by $332.74M.
• EPS of $49.51 (+3,958.20% YoY) beats by $3.15.
• Financials · As Reported · Metrics · Press Release

Starbucks (SBUX) has released its quarterly earnings.

• Revenue of $9.14B (-4.47% YoY) misses by $99.73M.
• EPS of $0.80 (+53.85% YoY) beats by $0.09.
• Financials · As Reported · Metrics · Press Release

Mondelez International (MDLZ) has released its quarterly earnings.

• Revenue of $9.97B (+2.29% YoY) misses by $21.84M.
• EPS of $0.78 (+6.85% YoY) beats by $0.07.
• Financials · As Reported · Metrics · Press Release

Strategy (MSTR) has released its quarterly earnings.

• Revenue of $125.40M (-2.56% YoY) misses by $3.86M.
• EPS of $44.75 (+431.47% YoY) beats by $22.14.
• Financials · As Reported · Metrics · Press Release

Coinbase (COIN) has released its quarterly earnings.

• Revenue of $1.22B (-34.94% YoY) beats by $3.19M.
• EPS of $0.27 (-81.25% YoY) beats by $0.25.
• Financials · As Reported · Metrics · Press Release

Roblox (RBLX) has released its quarterly earnings.

• Revenue of $1.70B (-11.71% YoY) beats by $74.18M.
• EPS of -$0.32 beats by $0.10.
• Financials · As Reported · Metrics · Press Release

Rocket Companies (RKT) has released its quarterly earnings.

• Revenue of $2.57B (+44.36% YoY) misses by $14.55M.
• EPS of $0.15 (+114.29% YoY) beats by $0.02.
• Financials · As Reported · Metrics · Press Release

Reddit (RDDT) has released its quarterly earnings.

• Revenue of $895M (+52.99% YoY) beats by $17.80M.
• EPS of $1.40 (+75.00% YoY) beats by $0.08.
• Financials · As Reported · Metrics · Press Release

ExxonMobil Holdings (XOM) has released its quarterly earnings.

• Revenue of $113.16B (+32.68% YoY) beats by $7.75B.
• EPS of $4.23 (+125.00% YoY) beats by $0.22.
• Financials · As Reported · Metrics · Press Release

AbbVie (ABBV) has released its quarterly earnings.

• Revenue of $17.40B (+10.32% YoY) beats by $52.65M.
• EPS of $3.82 (+105.38% YoY) beats by $0.05.
• Financials · As Reported · Metrics · Press Release

Chevron (CVX) has released its quarterly earnings.

• Revenue of $67.80B (+36.34% YoY) beats by $6.38B.
• EPS of $5.28 (+185.41% YoY) beats by $0.46.
• Financials · As Reported · Metrics · Press Release

AstraZeneca (AZN) has released its quarterly earnings.

• Revenue of $16.21B (+6.70% YoY) beats by $194.67M.
• EPS of $2.79 (+134.45% YoY) beats by $1.35.
• Financials · As Reported · Metrics · Press Release

BP p.l.c. (BP) has released its quarterly earnings.

• Revenue of $68.40B (+41.26% YoY) beats by $3.53B.
• EPS of $3.26 (+283.53% YoY) beats by $0.63.
• Financials · As Reported · Metrics · Press Release

Sanofi (SNY) has released its quarterly earnings.

• Revenue of $16.62B (+16.16% YoY) beats by $1.39B.
• EPS of $2.04 (+22.16% YoY) beats by $0.41.
• Financials · As Reported · Metrics · Press Release

Colgate-Palmolive Company (CL) has released its quarterly earnings.

• Revenue of $5.37B (+4.64% YoY) beats by $35.65M.
• EPS of $0.97 (+6.59% YoY) beats by $0.05.
• Financials · As Reported · Metrics · Press Release

Dominion Energy (D) has released its quarterly earnings.

• Revenue of $5.62B (+24.08% YoY) beats by $867.87M.
• EPS of $1.28 (+20.75% YoY) beats by $0.07.
• Financials · As Reported · Metrics · Press Release

Exelon (EXC) has released its quarterly earnings.

• Revenue of $7.32B (+9.16% YoY) beats by $455.05M.
• EPS of $0.87 (+1.16% YoY) beats by $0.08.
• Financials · As Reported · Metrics · Press Release

Kenvue (KVUE) has released its quarterly earnings.

• Revenue of $3.89B (+3.24% YoY) beats by $17.70M.
• EPS of $0.29 (+3.57% YoY) in line with estimates.
• Financials · As Reported · Metrics · Press Release

Apple (AAPL) will report Monday after market close.

• Analysts estimate revenue of $113.25B (+10.52% YoY).
• EPS is estimated to be $1.98 (+7.03% YoY).
• Financials · As Reported · Metrics

The Williams Companies (WMB) will report Monday after market close.

• Analysts estimate revenue of $2.98B (+1.98% YoY).
• EPS is estimated to be $0.54 (+10.20% YoY).
• Financials · As Reported · Metrics

Allison Transmission Holdings (ALSN) will report Monday after market close.

• Analysts estimate revenue of $1.47B (+111.85% YoY).
• EPS is estimated to be $2.48 (+52.15% YoY).
• Financials · As Reported · Metrics

Advanced Micro Devices (AMD) will report Tuesday.

• Analysts estimate revenue of $13.09B (+41.58% YoY).
• EPS is estimated to be $1.89 (+57.50% YoY).
• Financials · As Reported · Metrics

Suncor Energy (SU) will report Tuesday.

• Analysts estimate revenue of $10.71B (+16.41% YoY).
• EPS is estimated to be $2.35 (+119.63% YoY).
• Financials · As Reported · Metrics

Datadog (DDOG) will report Wednesday.

• Analysts estimate revenue of $1.14B (+29.22% YoY).
• EPS is estimated to be $0.55 (0.00% YoY).
• Financials · As Reported · Metrics

Emerson Electric (EMR) will report Wednesday.

• Analysts estimate revenue of $5.12B (+5.42% YoY).
• EPS is estimated to be $1.85 (+14.20% YoY).
• Financials · As Reported · Metrics

Duke Energy (DUK) will report Thursday.

• Analysts estimate revenue of $8.96B (+4.87% YoY).
• EPS is estimated to be $1.86 (+2.76% YoY).
• Financials · As Reported · Metrics

Airbnb (ABNB) will report Thursday.

• Analysts estimate revenue of $4.75B (+15.98% YoY).
• EPS is estimated to be $2.86 (+29.41% YoY).
• Financials · As Reported · Metrics

Monster Beverage (MNST) will report Thursday.

• Analysts estimate revenue of $2.49B (+13.40% YoY).
• EPS is estimated to be $0.30 (+7.14% YoY).
• Financials · As Reported · Metrics

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