🧠 Private sector sheds 32k / US gov grinds to a halt / S&P 500 climbs to 6700

🏛️ Financial News

• Jobs Report : Private Payrolls 💼 Yahoo! Finance: ADP report: Private employers unexpectedly shed 32,000 jobs as labor market continues pullback

  • CNBC: Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout

  • CNBC: The shutdown meant no jobs report. Here’s what it would have said about the economy

• US GDP 🏭 The Manufacturer: US manufacturing contracted for a seventh-straight month

• Banker Sentiment 🏦 CNBC: Goldman boss David Solomon warns of a stock market drawdown: ‘People won’t feel good’

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📊 Global Markets

• S&P 500 $VOO ( ▲ 0.01% )🌍 Sherwood by Robinhood: The S&P 500 and Nasdaq 100 notch new closing highs as investors shake off the government shutdown

  • Yahoo! Finance: Foreign investors are sticking with US stocks amid Trump tariff turmoil

• Europe Markets $STOXX ( 0.0% ) 🏰 US News: Europe's STOXX 600 records best month since May, hits an ATH

  • Yahoo! Finance: EU to propose doubling tariff rate on steel imports from China to 50%

• United Kingdom Markets $FTSE ( 0.0% ) 💂 Yahoo! Finance (UK): FTSE 100 hits ATH despite concerns over US government shutdown

• India Markets $NSEINDIA.P ( 0.0% ) 🕌 India Economic Times: India poised for biggest-ever IPO month with $5 billion in deals

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📈 Stocks

🤖 Finances & Real Estate

• Real-Estate 🏡 CNBC: FTC sues Zillow and Redfin, alleging antitrust violation in online rental listings

• Private Equity 💼 Yahoo! Finance: There are more PE funds than McDonald's in US

• Portfolio Company $BRK.B ( ▲ 0.57% ) ☂️ Yahoo! Finance: Berkshire Hathaway to pay $9.7B for OxyChem, potentially Buffett's last big deal

• Brokerages $HOOD ( ▲ 2.04% ) 💱 CNBC: Tokenization of real world assets is an unstoppable ‘freight train’ coming to major markets: Robinhood CEO

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🤖 Media, Discretionary & Healthcare

• Social Media $RDDT ( ▲ 3.13% ) 😈 Yahoo! Finance: Reddit stock falls for second day as references to its content in ChatGPT responses plummet

• Technology $AMZN ( ▼ 1.3% ) 🛒 CNBC: Amazon launches ‘price-conscious’ grocery brand with most products under $5

• Media : Studios $EA ( ▼ 0.15% )🎮 CNBC: EA going private in $55B deal that will pay shareholders $210 a share

• Healthcare : Pharmaceuticals $PFE💊 Axios: Trump and Pfizer announce deal to lower drug prices, launch "Trump Rx" website

• Consumer : Apparel $NKE ( ▼ 3.54% ) 🎽 CNBC: Nike posts surprise sales growth, but warns of sluggish holiday season and bigger than expected tariff hit

• eCommerce : Marketplace $ETSY ( ▼ 0.22% ) 🤝CNBC: Etsy pops 13% as OpenAI announces ChatGPT Instant Checkout for the shopping site

• Automakers 🚗 CNBC: EVs, big SUVs drive Ford Q3 U.S. sales up 8.2%

  • CNBC: Why the Hertz-Amazon deal poses threats to auto dealers

🌐 Technology 

• Technology $AAPL🍎 TechCrunch: Apple shelves Vision Pro overhaul to focus on AI glasses 

• Communications $META👥 Ars Technica: Meta won’t allow users to opt out of targeted ads based on AI chats 

• Autos : EV $TSLA🔌 CNBC:  Tesla reports 497,000 vehicle deliveries for Q3, up %7

  • Sherwood by Robinhood: Tesla deliveries surge to quarterly record on last gasp of EV tax credit

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🗄️ Data Center & Inputs

• Private Equity : Data Centers $BLK ( ▲ 0.01% ) 🌐CNBC: BlackRock nears $40B data center deal in bet on AI 

• RIET : Data Centers $FRMI ( ▼ 0.63% ) 🌐 Data Centre Dynamics : Fermi data center RIET IPO's on Nasdaq valued at almost $15B

• Neoclouds : GPUs $CRWV ( ▼ 2.33% )🌩️ CNBC: CoreWeave stock surges as $14B deal with Meta signals 'limitless' AI demand

• Neoclouds : DevOps (Europe) $NBIS ( ▲ 1.68% )🌩️ Yahoo! Finance: Microsoft bets $33B on neoclouds, like Nebius, to ease AI crunch

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⚡ Compute & Hardware

• Semi-conductors : Foundry $TSMC⚡ CNBC: Taiwan rejects U.S. proposal for ’50-50′ chip production, says trade talks focused on tariffs 

• Semi-conductors $NVDA🧇 Yahoo! Finance: Delays to Trump's UAE chips deal frustrate Nvidia's Jensen Huang, officials, WSJ reports

• Semi-conductors : CPUs $INTC🧇 CNBC: Intel spikes on reports of potential AMD manufacturing deal

  • CNBC: Intel stock is up 50% over the last month, putting US stake at $16B

• Quantum Computing $QBTS⚡ CNBC: Quantum stocks Rigetti Computing and D-Wave surged double-digits this week. Here’s what’s driving the big move

🤖 Artificial Intelligence

• Frontier LLMs : OpenAI 🤖 TechCrunch: OpenAI valuation soars to $500B, topping Musk’s SpaceX

•  CNBC: SK Hynix shares hit 25-year high, Samsung also surges as chipmakers partner with OpenAI

• TechCrunch: OpenAI’s invite-only video generation app Sora tops Apple’s App Store

•  LLM Wrappers : Perplexity 🤖 TechCrunch: Perplexity’s Comet AI browser now free; Max users get new ‘background assistant’

• TechCrunch: Perplexity CEO: Comet AI browser can boost productivity so companies won’t have to hire more people

✨Unprompted Takes

• Analyst Sentiment 📊 MorningStar: The AI bubble is 17 times the size of the dot-com frenzy - and four times subprime, this analyst argues

  • Yahoo! Finance: Nvidia’s CEO Jensen Huang says electricians and plumbers will be needed by the hundreds of thousands in the new working world

  • CNBC: For first-time job hunters, a college degree isn’t unlocking the opportunities it once did

  • New York Times Podcast: YouTube: Big Tech Told Kids to Code. The Jobs Didn’t Follow.

• Consulting Adoption 👩🏻‍💼 CX Today: Accenture lays off 11,000 staff as part of AI reskilling strategy

• Airline Adoption ✈️ CNBC: Lufthansa to cut 4,000 jobs as airline turns to AI to boost efficiency

• 📧 Subscribe to Unprompted Invest beyond Nvidia in the $15T global AI market, from infrastructure, ingest & training, and inference (Coming soon)

Thanks to the Empower for sponsoring, we’ll be back next Saturday morning to recap the week’s financial news.

✨ Happy Unprompting,

Rawee
[email protected]

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