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South Korea Industry Minister Says Us Has Indicated Tariff Rate On South Korea Would Be Kept At 15% Level - Yonhap

*Trump Comments On His Call For Powell To Be Forced To Resign

*Trump Asked About Powell, Warsh: Warsh Will Do His Own Thing

*Trump: Inflation Numbers Are Way Down Other Than For Oil

MUSK RETURNS TO PENTAGON ROLE FOR FUTURE WARFARE STUDY Elon Musk, Palmer Luckey and Newt Gingrich will lead “Project Meridian,” a Pentagon study examining the future of warfare, Defense Secretary Pete Hegseth announced. The group will focus on future weapons, technologies and battlefield capabilities, with findings due within 120 days. It marks Musk’s first official advisory role in the Trump administration since leaving DOGE.

U.S. 10-YEAR SUFFERS WORST QUARTER SINCE 1994 The 10-year Treasury yield ended Q3 at 5.29%, surging 87 basis points — its largest quarterly increase in more than three decades. The move has been driven largely by real yields approaching 3%, as markets dramatically repriced the Fed outlook. Long-duration bonds were hammered, with the TLT ETF falling 10% in Q3 and closing at a record low.

CBS NEWS PARTNERS WITH KALSHI CBS News is partnering with Kalshi to integrate prediction-market data into its 2026 midterm coverage. CBS joins CNN, Fox News and NBC News in highlighting prediction markets as part of their coverage

FED’S COOK: INFLATION HAS BEEN TOO HIGH FOR TOO LONG Fed Governor Lisa Cook says she remains committed to bringing inflation back to target while preserving labor-market strength. Cook did not comment directly on today’s softer inflation data or the October rate decision. Her remarks come as markets increasingly expect the Fed to skip an October hike following softer PCE inflation.

PENTAGON TO CREATE NEW DRONE WARFARE GROUP Defense Secretary Pete Hegseth is establishing a permanent Pentagon organization for drones, autonomous systems and defense robotics, according to Sen. Tim Sheehy. The Pentagon is seeking $54.6 billion for its Defense Autonomous Warfare Group in the 2027 budget. The move would centralize drone procurement and deployment as the U.S. military expands its focus on low-cost autonomous warfare and counter-drone capabilities.

TRUMP SET TO UNVEIL $200 BILLION SOUTH KOREAN INVESTMENT President Trump is expected to announce $200 billion in South Korean investment in U.S. energy projects, including eight nuclear power plants, a Texas power facility and Alaska LNG. The package represents the first tranche of Seoul’s $350 billion U.S. investment commitment under last year’s trade deal. The announcement is scheduled for 3:30 PM ET from the Oval Office.

*Openai Ceo Sam Altman To Skip Congress Hearing On Ai: Nbc

Syria Says Three Power Plants Gone Out Of Service After Gas Pipeline Explosion -State News Agency

*Biggest Us Grid Suspends Plan For New Data Center Power Auction

White House Says S. Korea To Invest In Us Energy

*White House: South Korea Plans To Invest Billions

Senators Will Delay Attempt To Win Approval Of Permanent Chinese Car Ban Until Novembe, - Aides

WALGREENS OWNER NEARS $9 BILLION BOOTS SALE Walgreens owner Sycamore Partners is nearing a deal to sell Boots for close to $9 billion including debt, according to the WSJ. The buyer is reportedly the Canadian arm of the Weston family, which controls a major food and pharmacy empire. A deal could be completed within weeks, giving Sycamore an early win after taking Walgreens private for $24 billion in 2025.

Sycamore Partners In Talks To Sell U.K. Pharmacy Chain Boots, Sources Say Sycamore Partners In Talks To Sell U.K. Pharmacy Chain Boots, Sources Say Canadian Arm Of Weston Family In Talks To Buy Boots For Close To $9 Billion, Sources Say Sycamore Bought Walgreens For $24 Billion Including Debt In 2025

$Snps - Openai And Synopsys Announce Gpt-Synopsys: Frontier Intelligence To Revolutionize Chip Design

FEDERATED HERMES: DON’T RUSH INTO BONDS YET Treasury yields are at some of their highest levels in a generation, but Federated Hermes CIO R.J. Gallo says elevated rate volatility means it may be too early to buy aggressively. He warns another wave of bond-fund selling could push yields even higher before markets stabilize. For now, Gallo favors short duration, with mortgage-backed securities potentially attractive once volatility subsides.

S&P 500 BREADTH FLASHES RARE WARNING The equal-weight S&P 500 is heading for a seventh straight weekly decline — something seen only twice before, during 2002 and 2022 bear markets. Yet the headline S&P 500 remains broadly stable, as tech megacaps mask deeper weakness underneath. The gap between index calm and individual-stock volatility is now the widest since the dot-com crash in 2000.

Italy Prolongs Until Mid-October Suspension Of Eu's Schengen Free Border Agreement With Spain - Statement

SPACEXAI CONSIDERS $100 GROK “ULTRA” SUBSCRIPTION Elon Musk’s SpaceXAI is considering a four-tier subscription model combining Grok and X, Bloomberg reports. Plans reportedly range from a free tier to a $100-per-month “Ultra” package, which would include access to the Grok Bot AI agent. A cheaper $8 “Lite” tier would bundle Grok access, X verification and fewer ads, as the company looks to expand recurring subscription revenue.

*Trump: Historic Flows Of Oil Out Of Hormuz In Last 3 Days

*Trump On Iran: You Will See Things Happening Very Soon

Anthropic: Claude For Government Is Now Generally Available

U.S. 10-YEAR YIELD HITS 24-YEAR HIGH The 10-year Treasury yield surged to 5.304%, surpassing its 2007 peak and reaching the highest level since May 2002. Persistent energy-driven inflation concerns and stronger U.S. economic data are fueling the bond selloff. Analysts also point to rising government debt and historic AI infrastructure investment as structural forces keeping borrowing costs elevated.

U.S. 10-Year Treasury Yield Touches 5.304%, Highest Since May 2002

Legislation To Cap Electricity Bill Hikes Tied To Data Centers Fails To Gain Enough Votes To Advance In Us Senate; Voting Continues

Trump On Truth Social: I Am Pleased To Announce, The Last American Forces Are Leaving Iraq

Trump: We Leave Iraq With A Wonderful New Prime Minister

GOLDMAN PUSHES NEXT FED HIKE TO DECEMBER Goldman Sachs now says an October Fed hike is unlikely, pushing its forecast for the next increase to December after softer inflation data. Core PCE fell to 3.01% YoY, well below expectations, with Goldman now forecasting 3.0% Q4/Q4 core inflation vs. the Fed median of 3.4%. Goldman also sees a strong chance the Fed ultimately decides no additional hikes are necessary.

*Fed Watchdog Finds No Criminal Violations In Renovation Project

Ecb's Lagarde Tells La Croix If I Leave Ecb Early, "It Will Only Be By A Few Months"

Ecb's Lagarde, Asked By La Croix Newspaper If She Would Be A French Presidential Candidate, Says 'that Would Not Be A Good Idea At All'

Ecb's Lagarde Tells La Croix Newspaper France's Debt Situation Is Serious At 120% Of Gdp And Without A Path To Lowering

U.S. Diesel Futures Extend Gains, Up 4.5%, After Eia Storage Report

$LLY - ELI LILLY’S NEW OBESITY DRUG DELIVERS 23.3% WEIGHT LOSS Eli Lilly’s experimental drug eloralintide, combined with Zepbound, delivered 23.3% average weight loss over roughly 11 months, compared with 14.8% for Zepbound alone in patients with Type 2 diabetes. However, 11–27% discontinued the combination due to side effects, highlighting tolerability concerns. Lilly plans to advance the treatment into late-stage trials later this year.

U.S. INFLATION BREADTH SHOWS SIGNS OF COOLING Despite softer core PCE revisions, 51% of the PCE basket is still rising at 3% or more annually, little changed from recent months. However, the share experiencing inflation above 3% on a six-month annualized basis fell to 44% in August, from 49% in July — its lowest since October 2025. Underlying price pressures are easing, although inflation remains widespread.

Mexico Grows Confident On Us Deal To Cut Steel, Auto Tariffs

FTC LAUNCHES INDUSTRY-WIDE AI PROBE AFTER HUGGING FACE INCIDENT The U.S. Federal Trade Commission is conducting an industry-wide AI investigation following the Hugging Face incident, according to a source. The FTC reportedly plans to issue civil investigative demands to OpenAI, Anthropic and AI research group METR, escalating regulatory scrutiny of AI safety and security practices.

*Trump Announcing Today South Korea's $200B Investment In Us *Trump To Announce 8 Nuclear Power Plants Funded By S.Korea

*Us Sept. Mni Chicago Report Business Index At 58.8; Est 51.0

Middle East Crude Exports Recover To Prewar Levels, Analysts Say Goldman Estimates Crude Exports From Persian Gulf Producers At 19 Million B/D Increased Hormuz Exports Drove Recovery, Goldman Says Jpm Estimates Crude Exports Hit 98% Of Prewar Levels

MIDDLE EAST CRUDE EXPORTS RECOVER TO PREWAR LEVELS Middle East crude exports have rebounded to 98% of prewar levels, reaching roughly 17.5 million barrels per day, according to JPMorgan. Producers are increasingly bypassing Hormuz through alternative pipelines, ports and ship-to-ship transfers, with 40% of September crude exports avoiding the strait. However, the recovery remains uneven: diesel, gasoline and jet fuel exports are still around 50% of normal levels, keeping global fuel supplies vulnerable.

U.S. CORE PCE REVISIONS REVEAL SHARPER DISINFLATION Downward revisions concentrated in 2026 have pushed annual core PCE to 3.0%, with July revised from 3.34% to 2.98%. More importantly, underlying inflation momentum has weakened significantly: 3-month annualized: 2.05% 6-month annualized: 2.74% The revisions suggest U.S. inflation was cooling faster than previously reported, beyond August’s softer reading alone.

French 10Y Yield Premium Over Germany Climbs 5Bps To 124Bps

U.S. S&Amp;P 500 E-Mini Futures Up 0.3%, Nasdaq 100 Futures Up 0.29%, Dow Futures Up 0.26%

*Macron Says `Welcome Back' If Uk Wants To Rejoin Eu

France’S Macron: If The British Pm Wants Britain To Return To The Eu That Would Be Excellent News And A Good Decision

U.S. CORE PCE FALLS BELOW EVERY ANALYST FORECAST August core PCE came in at 3.0% YoY vs. 3.3% expected, below the entire range of 51 Bloomberg analyst forecasts (3.1%–3.5%). The surprise was driven primarily by larger-than-expected downward revisions to previous months, rather than August alone. Monthly core inflation was also marginally softer at 0.247% vs. 0.27% expected.

Short-Term Traders Trim Bets On Rate Hikes After Economic Data

U.S. CONSUMER SPENDING SURGES AS CORE INFLATION COOLS Inflation-adjusted U.S. consumer spending jumped 0.6% in August, its strongest monthly increase since March 2025. Meanwhile, the Fed’s preferred inflation gauge rose 0.3% MoM, with core PCE increasing just 0.2%. Resilient consumer demand alongside softer underlying inflation complicates the Fed’s decision on another rate hike in October.

SOFTER U.S. INFLATION CUTS FED HIKE ODDS August core PCE fell to 3.0% YoY vs. 3.3% expected, while headline PCE came in at 3.4% vs. 3.7% forecast. Q2 GDP was revised higher to 2.2% from 1.5%. Kalshi now prices a 65% chance of no October Fed hike, versus 31% for a 25bp increase. https://t.co/qUEGIdb1ac

Spot Gold Extends Gains After Us Pce Data, Last Up 0.6% At $4,206.29/Oz

Us Final Q2 Gdp +2.2% (Consensus +1.5%) Us Final Q2 Pce Price Index +5.0% Us Final Q2 Core Pce +3.3% (Consensus +3.6%)

GERMAN INFLATION HITS HIGHEST LEVEL IN NEARLY 3 YEARS Germany’s September inflation accelerated to 3.3% YoY, above the 3.2% forecast, driven primarily by surging energy costs. With inflation also accelerating across France, Italy and Spain, eurozone inflation is expected to reach 3.7%, nearly double the ECB’s target. The data intensifies pressure on the ECB to deliver a third rate hike, with October and December both under consideration.

Germany Sep Flash Hicp 0.6% M/M (0.2% Aug) Germany Sep Flash Hicp 3.3% Y/Y (2.9% Aug) Germany Sep Flash National Cpi 0.6% M/M (0.2% Aug) Germany Sep Flash National Cpi 3.3% Y/Y (2.9% Aug)

U.S. TREASURIES END A BRUTAL QUARTER The U.S. bond market is closing Q3 after a relentless selloff, with 10- and 30-year Treasury yields reaching multidecade highs. According to WSJ/Dow Jones Market Data: 🔸10-year: +85 bps, biggest quarterly rise since 2016. 🔸2-year: +75 bps, biggest since Q2 2023. 🔸30-year: +70 bps, biggest in two years. One of the sharpest quarterly repricings in U.S. government debt in years.

IRAN: EXPLOSION REPORTED IN ZAHEDAN Iran’s Fars News Agency reports that an explosion was heard near Jomhuri Boulevard in Zahedan. The source of the blast remains unknown, with authorities yet to provide further details. More information is expected as the situation develops.

*Explosion Heard In Iran's Zahedan: Fars

*Burnham: Could Go All The Way And Rejoin Eu

GOLDMAN: U.S. PENSION FUNDS SET TO SELL $33 BILLION IN STOCKS Goldman Sachs estimates $33 billion in U.S. pension fund equity selling around September month-end, a flow ranking in the 98th percentile since 2000. Meanwhile, systematic CTAs could provide an offset, buying $11.5 billion globally in flat markets or nearly $30 billion if stocks rise. If markets fall, however, CTAs could flip to $15.8 billion in additional selling.

GOLDMAN: GULF OIL EXPORTS FULLY RECOVER TO 2025 LEVELS Persian Gulf oil exports have doubled in September, reaching 23.3 million barrels per day, according to Goldman Sachs. Crude shipments have recovered to 108% of their 2025 average, but key refined products, including diesel and jet fuel, remain at just 50% amid refinery outages and shipping risks. Goldman sees the global oil market roughly balanced and maintains its $85 Brent forecast for year-end.

U.S. MORTGAGE RATES SURGE TO 7.30% The average 30-year fixed mortgage contract rate climbed to 7.30%, up 18 basis points in one week and 84 basis points year-over-year, according to the MBA. The 15-year fixed rate rose to 6.56%, while the 5-year adjustable rate jumped 37 basis points to 6.47%. Rising borrowing costs are adding further pressure to U.S. housing affordability.

*Us 30-Yr Fixed Mortgage Surges To 7.3%, Highest Since Nov. 2023

UBS: HIGHER INTEREST RATES COULD BENEFIT HEDGE FUNDS UBS says the current environment of elevated interest rates could support hedge fund performance, citing historical resilience during monetary tightening. Hedge funds have generated positive cumulative returns during every Fed tightening cycle since 1994, according to UBS strategists. However, higher rates do not guarantee stronger returns, making diversification across selected strategies important.

ARTHUR HAYES SEES BITCOIN AT $1 MILLION BY 2030 Maelstrom CIO Arthur Hayes predicts Bitcoin could reach $1 million by 2030, with its strongest rally in late 2027 or early 2028. His thesis: an AI infrastructure bubble bursts as data-center revenues fail to justify massive investment, forcing governments to inject trillions in liquidity. Hayes expects that monetary expansion to benefit Bitcoin’s fixed-supply narrative, driving demand for the cryptocurrency.

Bitcoin Price Could Reach $1 Million Per Coin By 2030, Maelstrom Cio Says Maelstrom Cio Hayes Expects Explosive Bitcoin Rally In Late 2027, Early 2028 Hayes Sees Ai-Investment Bust Triggering Trillions Of Dollars In Bailouts

A Second Flydubai Flight From Dubai To Tel Aviv, Fz1081, Has Diverted, Now Heading Back To Dubai - Flightradar24

IRAN RAISES ALERT LEVEL AT 46 INFRASTRUCTURE FACILITIES Iranian Civil Defense is raising readiness at 46 facilities in anticipation of potential attacks targeting critical infrastructure, according to Al Arabiya. The heightened alert signals growing concern over infrastructure security, although energy prices have shown little immediate reaction to the headline.

$Aapl - Apple To Make Major Push Into Smart-Home Market On October 13Th

*Libya Sharara Oil Field Output Rises To Near 340,000 B/D

$SPCX - NEEDHAM REITERATES SPACEX BUY, $250 TARGET Needham maintains its Buy rating and $250 price target on SpaceX, citing accelerating AI compute revenue. Announced compute deals are expected to reach a combined $54 billion annualized revenue run rate, supporting management’s target of $100 billion in total ARR by year-end 2026. Meanwhile, Starship Flight 14 successfully reached orbit and deployed 26 operational Starlink V3 satellites.

PORSCHE PIVOTS BACK TO PETROL AS EV DEMAND WEAKENS Porsche is reviving its petrol strategy, with a combustion-engine Macan planned for 2028 after electric Macan sales fell 40% in H1. CEO Michael Leiters says EVs remain part of Porsche’s future, but their higher costs continue to pressure margins. With China deliveries down 32%, Porsche is restructuring operations and plans to eliminate 9,000 jobs by 2035.

BANK OF ENGLAND WARNS OF SHARPER AI MARKET CORRECTION The Bank of England warns AI valuations remain vulnerable to a deeper selloff than July’s, potentially spilling into global growth expectations and sovereign bond markets. The BOE says stretched positioning, elevated leverage and Middle East-driven energy shocks are increasing interconnected financial risks. A reassessment of AI’s promised productivity gains could therefore hit both technology stocks and government bonds simultaneously.

FRENCH BOND RISK HITS HIGHEST LEVEL SINCE 2012 France’s 10-year yield spread over Germany has surpassed 120 basis points for the first time in 14 years, as political uncertainty and accelerating inflation pressure French debt. The move comes as France prepares a record €340 billion bond issuance in 2027, with its deficit projected at 5.4% of GDP this year. French bonds now yield 22 basis points more than Italian debt, an unprecedented reversal in the euro era.

🇺🇸 PRESIDENT TRUMP — WEDNESDAY, SEPTEMBER 30, 2026 🔸8:00 AM — Executive Time — White House 🔸9:00 AM — In-Town Pool Call Time 🔸11:00 AM — Policy Meeting — Oval Office 🔸1:00 PM — Hispanic Heritage Month Celebration — East Room 🔸3:30 PM — Announcement with Secretary of Commerce — Oval Office 🔸5:00 PM — Policy Meeting — Oval Office

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