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Canada and the European Union on Friday set out an ambitious new partnership, forged in a matter of weeks out of their separate conflicts with President Trump. on.wsj.com/4zXhzVM
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Follow the free cash flow.....so far, tech companies that are maintaining positive free cash flow are being rewarded. Those that aren't are being punished. If today's premarket losses hold, Alphabet is poised to lose $397.6 billion of market valuation in one day.
Amazon is going big on Alexa hardware in time for Apple's HomeView release. It plans a $500 Echo Show 16, a camera-equipped Echo Studio, a sleep-sensing bedside clock, a smart photo frame and a new Echo Dot. bloomberg.com/news/articles/…
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Latest 3Q2026 real GDP estimate from @AtlantaFed GDPNow model is +3.4%, down from October 20 prior read of +3.5%
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Thursday's 10-year Treasury yield decline of 0.193 percentage point (to 4.952%) is the largest single day yield decline since March 10, 2023, which is the day Silicon Valley Bank failed.
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Meta, which is the second largest stock in the S&P 500 Communication Services sector, has reported negative free cash flow for the third quarter
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Bloomberg:
Hedge funds' "absorption of US government debt has outpaced other US creditors, leaving the funds with roughly 8.5% — or about $2.7 trillion — of outstanding Treasuries as of late last year.
It’s a noteworthy sum given hedge funds’ ability to move rapidly, leverage their trades and their flexibility in selling a Treasury security."
#economy #markets #hedgefunds #bonds #yields
3M topped Wall Street’s profit estimates and raised its full-year outlook for the second straight quarter bloomberg.com/news/articles/…
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France's 10-year bond yields are surging to new post-2012 highs relative to German 10-year yields.
US stock traders are beating bond desks. What does this role reversal mean for Canadian banks? Read more in this week’s Bay Street Edition. bloomberg.com/news/newslette…
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With this morning's CPI report, we now know that inflation-adjusted average weekly earnings fell by 0.1% y/y in September.
It was worse for inflation-adjusted average hourly earnings, which fell by 0.7% y/y (the sixth consecutive decline).
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FT Exclusive: The US Treasury fined Bank of America more than $1bn for money laundering and sanctions violations, concluding it failed to properly report more than $5bn in suspicious transactions. ft.trib.al/w0MUnYf
EU adopts nearly 1,600 new sanctions listings targeting Russia reut.rs/4B0JjKD reut.rs/4B0JjKD
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U.S. Stocks Rise as Iran Escalation Fears Subside on.wsj.com/3Ui5pHS
Hurricane Isaias is gathering strength Thursday morning despite persistent crosswinds, raising the threat of damaging winds and flooding across a wide stretch of the US Gulf Coast bloomberg.com/news/articles/…
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30y mortgage rate 7.49% per @MBAMortgage
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Good morning.
From the FT:
"A sharp sell-off in US government bonds is starting to reverberate across corporate America, forcing companies to overhaul their borrowing plans and even raising the spectre of defaults among the most lowly rated businesses."
Remember the historical playbook:
The most vulnerable sectors get hit first and hardest. Then, if elevated borrowing costs persist, the pressure both migrates up the curve and spreads across the broader economy, domestically and internationally.
#economy #markets #bonds #yields @FT
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US imports of capital goods (ex-autos) continue to go vertical in y/y % terms … +57.2% in August was a new record
UBS shareholder Artisan Partners urged the Swiss bank to leave the country, saying the lender faces a “grim reality” with stricter capital rules bloomberg.com/news/articles/…





















