Wall Street Breakfast

Gold futures have surged past $4,000, attracting attention due to inflation and central bank buying, with Goldman Sachs predicting a rise to $4,900 by 2026. Trilogy Metals' shares climbed after the Defense Department acquired a stake, highlighting U.S. efforts in securing critical minerals. Meanwhile, LeBron James teased a special Cognac deal while confirming his NBA comeback. Paul Tudor Jones likens current market conditions to those of 1999, cautioning about speculative leverage driving prices.

Holiday shopping is kicking off early, with retailers like Amazon and Target launching major deal events. Meanwhile, Novo Nordisk faces layoffs at a key U.S. plant, raising concerns over production. AppLovin's stock takes a hit amid an SEC probe into its data practices. On a brighter note, Trilogy Metals soars after a significant investment, while Archer Aviation enjoys a double-digit rise linked to potential Tesla news. Don't miss the upcoming investor events that could shape market trends!

AMD secures a groundbreaking deal to supply six gigawatts of GPUs to OpenAI, potentially reshaping its revenue landscape. Fifth Third and Comerica have joined forces in a major $10.9 billion merger, setting the stage for the ninth largest bank in the U.S. Meanwhile, the Granny Shots ETF continues to soar, surpassing $3 billion in assets. Young Wall Street interns reveal that emotional intelligence is becoming crucial in navigating the AI-dominated future, blending tech with human insights.

Tesla is stirring excitement with hints of a new model set to be revealed on October 7. Firefly Aerospace is making headlines by acquiring SciTec for $855 million, enhancing its tech capabilities. In pop culture, Taylor Swift's release party film has rocketed to $33 million at the box office. Other key stories include the resignation of the French Prime Minister, concerns for stock bulls amidst a potential shutdown, and Boeing's planned production increase for the 737 MAX. Upcoming events like OpenAI's Dev Day also grab attention.

The government shutdown could stretch to three weeks, impacting economic growth significantly. Sam Altman's upcoming keynote at OpenAI's Dev Day has everyone buzzing, especially with rumors of exciting new tech like GPT-5. Bitcoin has surged past $125,000, fueled by ETF inflows. Meanwhile, Costco is partnering with Novo Nordisk to offer weight-loss drugs at a discounted rate. BofA also shares insights on investing trends for the late 2020s, highlighting the rise of AI and shifts in globalization.

The podcast dives into assessing the September jobs report despite unavailable BLS data. Apple makes headlines by removing the ICEBlock app due to safety concerns raised by the DOJ. USA Rare Earth sees a stock surge amid talks with the Trump administration. Tesla faces backlash from a shareholder group over Musk's compensation plan, while YouTube secures a new distribution deal with NBCUniversal. Google hints at a strategic spin-off of its life sciences unit, Verily, showcasing significant market movement and policy discussions.

Italy's Bending Spoons is set to acquire AOL from Apollo for $1.4B, marking a strategic move in the tech landscape. Major music labels are closing in on AI licensing deals, reshaping how songs are monetized. Berkshire Hathaway makes waves by purchasing Occidental's chemical unit for $9.7B. On the energy front, Caterpillar is emerging as a key player in the AI-driven power demand with their innovative technologies. Plus, a list of 12 potential tech takeover targets is highlighted, pointing to the evolving acquisition landscape in the industry.

OpenAI has skyrocketed to a $500 billion valuation, overtaking SpaceX. Meanwhile, the White House freezes $26 billion in funding for infrastructure and climate projects due to DEI reviews. Amazon is shaking things up by launching a budget grocery brand to compete with Costco and Walmart's popular labels. Other highlights include a pause on the Apple Vision Pro sequel and Trump reconsidering pharma tariffs as negotiations continue. Stay tuned for market updates and stock movers!

ADP shakes up the market with a surprising 32,000 job loss, stirring debates about its reliability among economists. The White House withdraws a key BLS nominee amidst ongoing leadership changes. In other news, Nike's earnings reignite optimism, while Reddit feels the impact of plummeting ChatGPT citations. The Supreme Court steps in to protect Fed Governor Lisa Cook as China's Golden Week is set to boost consumer spending. It's a whirlwind of market movements and economic updates!

The U.S. government shutdown kicks off, spurred by a failed Senate vote, resulting in furloughs and halted reports. Taiwan decisively rejects a proposal to split semiconductor production with the U.S. NVIDIA hits a staggering $4.53 trillion market cap, driven by high demand for its AI chips. The S&P 500 dresses in strong Q3 performance, while lumber tariffs could skyrocket building costs by nearly $9,000. Nike hints at significant growth in its running division despite challenges in China and digital sales.