Weekend Reading Summary
Maro Related:
- Japan's Liberal Democratic Party will lose control of the upper house (EWJ, FXY). CNN
- President Trump could meet with Chinese President Xi at APEC summit on October 30 (FXI). SCMP
- Commerce Secretary Howard Lutnick is confident U.S. will make EU trade deal as the bloc prepares retaliation plan (VGK). Bloomberg
- Treasury Secretary Scott Bessent advised President Trump against trying to fire Fed Chairman Jerome Powell. WSJ
Stock Specific:
- Cautious view on U.S. economy. Barron's
- Nvidia (NVDA) China related production running into roadblocks. The Information
- President Trump filed lawsuit against The Wall Street Journal (NWSA), seeking $20 bln for alleged false reporting over Epstein article. Politico
- Microsoft (MSFT) will stop using Chinese engineers to provide technical assistance to military. Reuters
- Zeekr (ZK) inflated sales to meet targets. Reuters
- Brazil mulling retaliatory actions for U.S. tariffs (EWZ, ERJ, GGB, BSBR, VALE, PBR, ITUB). Estado
- President Trump will announce artificial intelligence action plan Wednesday which will call for reducing regulations and expanding energy development (CCJ, NRA, NLR, NVDA, GOOG, GOOGL, MSFT, INTC, AMD, ARM, AVGO). Bloomberg
- The Trump administration reviewed SpaceX contracts, but determined they were too critical to eliminate (TSLA, SPCE, VSAT, RKLB). WSJ
- Blackstone (BX) no longer interested in TikTok minority stake (SNAP, META). Bloomberg
- HSBC (HSBC) continues search for new Chair. FT
- China rare earth exports increased 200% from last month (MP, REMX, TMC). WSJ
- Los Angeles filed lawsuit against AirBnb (ABNB) for alleged price gouging. Reuters
- Apple (AAPL) foldable iPhone will be introduced next year. Bloomberg
- EU aiming to mandate car rental firms purchase EVs only starting in 2030 (TSLA, VWAGY, CAR, HTZ). Bloomberg
- Delta (DAL) pilot made a maneuver to avoid collusion with B-52. ABC News
- Hackers exploited Microsoft (MSFT) flaw to launch a global attack on government agencies. Washington Post
- Amazon (AMZN) increases prices on essential goods. WSJ
- Daimler Truck (DTRUY) could exit China production. FT