📉 BREAKING: Nvidia's, $ NVDA, losses accelerate to -5% on the day, now down -16% since Monday's high.

That marks a drop of -$800 BILLION since Monday.

@CIG_telegram

📉 BREAKING: US consumer sentiment falls to its 2nd lowest level on record.

Consumer sentiment is now below the 2008 low.

@CIG_telegram

📉 The economy is not reaccelerating.

This is a high-frequency chart of the goods economy, and index of the number of goods shipped through the US domestic economy.

Down 15% YoY.

🔗 Craig Fuller

📉 Experts Predicted An EV Sales Collapse. It's Already Started

Jim Farley was right. Last month, Ford's CEO predicted that market share of electric cars would be cut in half once the federal tax credit for clean vehicles met its untimely demise on September 30.

And in the first month of the post-tax-credit future for EVs, that's exactly what happened. Both J.D. Power and S&P Global Mobility estimate that October's EV market share plummeted to around 5% in the U.S., from a record high of over 12% in September.

The battery-powered share of sales also dropped significantly on a year-over-year basis, from over 8% in October 2024. The last time EVs made up 5% of U.S. vehicle sales was in early 2022.

According to S&P Global Mobility, some 64,000 new electric vehicles were sold in October. That's a epic drop from September, when Americans bought or leased nearly 150,000 EVs as they scrambled to cash in on the expiring $7,500 incentive.

Plug-in hybrids got hit hard too, with their market share dropping from 2.2% in September to just 1% in October, per J.D. Power.

“The automotive industry is experiencing a significant recalibration in the electric vehicle segment in the first month following the expiration of the federal tax credits," said Tyson Jominy, J.D. Power's senior vice president of data and analytics.

You could say the EV market is coming to terms with a new reality for consumer demand—one in which electric cars are now unsubsidized, more expensive to buy and have to sell on merit alone. That may be part of what's going on here, and that's certainly going to be a factor over the coming months and years.

🔗 https://insideevs.com/news/777506/ev-sales-october-hangover-tax-credit/

📉 September Class 8 Truck Sales Fall 25% From Year-Ago Period

Decline Is Third Consecutive as Tariff Uncertainty Continues 'Angst' for Trucking Industry

Sales decreased 25.6% to 16,228 from the 21,813 units reported during the prior-year period. They also declined 9.2% from the 17,876 units reported in August. The only year-over-year increase in 2025 occurred in June. Year-to-date sales are down 9.2% to 160,981 from 177,368.

“This was [a] bigger [drop] than we expected. I think it’s an ongoing reflection of just the angst in the industry,” ACT Research Vice President Steve Tam said. “People are concerned, they don’t know what to do, so they’re not doing anything. And of course, in that vein, falls the sales. The other interesting piece, I think, and it’s certainly not coincidence, that has an impact on the mentality ... is that 25% tariff.”

President Donald Trump plans to place a 25% tariff on all imported medium- and heavy-duty trucks starting Nov. 1. The announcement marked an escalation in his ongoing trade war with numerous trading partners from around the globe. Tam noted that there still isn’t a clear picture of what the policy looks like.

🔗 https://www.ttnews.com/articles/class-8-truck-sales-sept-2025

📉 Transportation secretary announces 10% reduction in U.S. air traffic

Federal officials announced that the U.S. will reduce air traffic by 10% across 40 "high-volume" markets starting on Friday, citing staffing shortages related to the ongoing government shutdown.

"We have decided that a 10% reduction in scheduled capacity would be appropriate to continue to take the pressure off of our controllers," Federal Aviation Administration Administrator Bryan Bedford said at a press conference on Wednesday.

Bedford and U.S. Transportation Secretary Sean Duffy said the new measures are necessary to keep air travel safe, as pressures on air traffic controllers mount during the longest government shutdown in history.

Bedford said he would specify which 40 markets around the country will be affected on Thursday, adding that the restrictions will affect commercial airspace and other activities, including space launches.

A source late Wednesday night provided CBS News with a proposed list of the 40 markets that included major hubs such as Boston Logan International, New York LaGuardia, Los Angeles International and Dallas/Fort Worth International. The provided list was not final and could change.

More air traffic controllers are exhibiting fatigue as they work without pay during the congressional stalemate, now in its 36th day, Bedford added. Thursday will mark one month since controllers were last paid.

Airlines, aviation unions and the wider travel industry have urged Congress to end the shutdown.

More than 10,000 flights within, into or out of the U.S. experienced delays last weekend, while roughly 11,000 trips have been delayed this week, according to tracking service FlightAware.

The U.S. struggled to recruit sufficient numbers of air traffic controllers even before the shutdown began, with Duffy saying that the country needs an additional 2,000 controllers.

🔗 https://www.aol.com/articles/transportation-secretary-announces-10-reduction-213253816.html?guccounter=1

🤖 Here is an OpenAI document submitted one week ago where they advocate for including datacenter spend within the “American manufacturing” umbrella

There they specifically advocate for Federal loan guarantees

Sam Lied to everyone, again.

🔗 simp4satoshi

🇺🇸🤖🇨🇳 The Nvidia and Jensen Huang's China comment "situation" is very strange:

On Tuesday, Jensen Huang blatantly said China “is going to win the AI race” against the US unless things change.

This led to 3-day decline of -$500 billion in Nvidia's market cap.

Jensen Huang has never explicitly stated this in the past.

Later than night, Jensen Huang released a statement saying China is "nanoseconds behind" the US on AI.

Less than 24 hours later, headlines emerged that the US is set to announce a ban on sales of Nvidia's scaled-down AI chips to China.

Just one week prior to all of this, President Trump met with Jensen Huang before his meeting with China's President Xi.

What happened behind closed doors?

🔗 Kobeissi Letter

🤖 NEW POLYMARKET: When will Sam Altman be in jail by?

Two dates: December 31st 2025

June 30th, 2026

@CIG_telegram

🇻🇪🇻🇪🔍👁 — ⚠️ Nicolás Maduro’s regime has immediately activated a neighborhood surveillance network inspired by Cuba’s Committees for the Defense of the Revolution (CDR) and China’s Red Guards from the Cultural Revolution. The committees are tasked with reporting “unusual” movements in neighborhoods as part of a plan to militarize and control civilian life.

🇲🇽❌🇺🇸 — Mexican president Claudia Sheinbaum ruled out taking a hardline stance against drug cartels and called those demanding tougher action “fascists”: “Going back to the war on drugs is not an option. It is not an option.”

💥 Sheinbaum also warned that the country would defend itself against any potential U.S. military intervention.

“If there were ever a real threat—not just these leaks in international media—we have our national anthem: ‘A soldier was given to you in every son.’”

🇧🇴❌🛠 — Rodrigo Paz, the newly inaugurated right-wing president of Bolivia, declared that the country will never again be subjected to failed ideologies:

“Never again a Bolivia isolated and subjected to failed ideologies, much less one that turns its back on the world.”

🇧🇷🇧🇷 — Daylight reveals horrific destruction in Rio Bonito do Iguaçu, in the Brazilian state of Paraná — a municipality of nearly 15,000 that took a direct hit from a violent tornado yesterday. At least 5 people are dead and dozens more injured.

🇺🇸🏘 Median age of 1st time homebuyers:

1980: 28 years old
1990: 30 years old
2000: 31 years old
2010: 32 years old
2024: 38 years old
2025: 40 years old

The American Dream is disappearing right before our eyes.

🔗 StockMarket.News

🇺🇸⚔️🇻🇪 Back on Station: Special Ops Mothership Re-emerges, Escorted, Near Venezuela’s Flank

OSINT Confirmed (Nov 8): The clandestine MV Ocean Trader (Special Operations Mothership) is back in the southern Caribbean, spotted ~80 km west of Grenada.

Rapid Turnaround: She was last seen in 🇵🇷Ponce (Nov 3) for resupply. This quick return proves the high priority and enduring commitment of the US Special Operations mission in the region.

New Escort: The Mothership is now paired with an Arleigh Burke-Class Destroyer. Given the presence of two Ticonderoga-Class Cruisers in the general area, does the shift to a dedicated DDG escort suggest a change in the mission parameters.

The Ocean Trader is back on the operational doorstep.

Does she resume surveillance operations near her previous area (East of T&T), or will there be a new AoR?

🔗 MT Anderson