TRADERS PRICE IN UNDER 100BP OF FED EASING OVER NEXT 4 MEETINGS
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🔸 BETTING ON US ELECTIONS IS NOW LEGAL
@KALSHI IS THE FIRST PLATFORM TO OFFER REGULATED EVENT CONTRACTS ON THE OUTCOME OF U.S. ELECTIONS
https://t.co/7PMObXgNnK
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@KALSHI IS THE FIRST PLATFORM TO OFFER REGULATED EVENT CONTRACTS ON THE OUTCOME OF U.S. ELECTIONS
https://t.co/7PMObXgNnK
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BIDEN: JOBS REPORT GOOD NEWS BUT WE HAVE MORE TO DO LOWER COSTS
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CME FEDWATCH SHOWS 90.9% FOR 25BPS CUT AT FOMC NOV 7 MEETING, SHOWS 9.1% FOR 50BPS CUT
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$RIVN - RIVIAN SHARES DROP 7.2% TO HIT LOWEST SINCE MAY 29
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$SAVE - SPIRIT AIRLINES SHARES FALL 35% AFTER REPORT OF POTENTIAL BANKRUPTCY FILING
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SEPTEMBER PAYROLLS COULD BE REVISED LOWER
The surprising increase in payrolls is likely to be revised lower, Pantheon's Samuel Tombs says in a note about today's 254,000 print, an increase from August's 159,000 that beat estimates of 150,000. The spike "goes against the grain of a wide range of indicators pointing to a continued pullback in hiring," Tombs says, adding that only 62% of the businesses in the sample filed responses on time for the estimate, down from 68% a year ago. "We think that small businesses are disproportionately late responders and are cutting back on hiring more than large businesses."
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The surprising increase in payrolls is likely to be revised lower, Pantheon's Samuel Tombs says in a note about today's 254,000 print, an increase from August's 159,000 that beat estimates of 150,000. The spike "goes against the grain of a wide range of indicators pointing to a continued pullback in hiring," Tombs says, adding that only 62% of the businesses in the sample filed responses on time for the estimate, down from 68% a year ago. "We think that small businesses are disproportionately late responders and are cutting back on hiring more than large businesses."
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IRAN SAYS LEBANON CEASE-FIRE SHOULD COINCIDE WITH TRUCE IN GAZA
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TENCENT, GUILLEMOT FAMILY ARE SAID TO WEIGH BUYOUT OF UBISOFT
UBISOFT JUMPS 10%, ENTERS TRADING HALT, AFTER BUYOUT REPORT
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UBISOFT JUMPS 10%, ENTERS TRADING HALT, AFTER BUYOUT REPORT
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SHARES OF U.S. BIG BANKS ADVANCE
WELLS FARGO UP 3.2%
MORGAN STANLEY RISES 3%
GOLDMAN SACHS GAINS 1.6%
CITIGROUP UP 2.4%
JPMORGAN CHASE UP 2.4%
BANK OF AMERICA UP 2.2%
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WELLS FARGO UP 3.2%
MORGAN STANLEY RISES 3%
GOLDMAN SACHS GAINS 1.6%
CITIGROUP UP 2.4%
JPMORGAN CHASE UP 2.4%
BANK OF AMERICA UP 2.2%
(@WalterBloomberg)
DRUCKENMILLER WARY OF FED'S NEXT MOVE AFTER STRONG JOBS REPORT
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GOOLSBEE: DO NOT WANT TO REACT TOO MUCH TO ONE DATA POINT
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GOOLSBEE: THERE ARE SOME SIGNS INFLATION MIGHT UNDERSHOOT TARGET
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GOOLSBEE: WE HAVE TIME AND RUNWAY TO FIGURE OUT WHERE THE SETTLING POINT ON THE FED POLICY RATE IS
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GOOLSBEE: POWELL'S MESSAGE THAT THERE ARE BALANCED RISKS IS WISE AND EXACTLY HOW WE SHOULD THINK ABOUT THIS
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BOFA CHANGES NOV FED CALL TO QUARTER-POINT FROM HALF-POINT CUT
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TRADERS PRICE IN LESS THAN QUARTER-POINT FED CUT IN NOV
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