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Trump-Xi meeting 'ok' / FOMC delivered as exp, divided on Dec meeting / Mag7 earnings mixed 'cost woes'

  • Writer: Stéphan
    Stéphan
  • Oct 30
  • 2 min read
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  • War-like chaos in Rio, 2500 cops storm favelas

  • Powell’s December warning exposes Hardening Divisions at Fed, FOMC Statement: Reading Between the Lines (Thread)

  • Markets : FED cuts, as expected and priced, BoJ unch in a 7-2 vote (2 voted to hike), Trump said he had an “amazing” meeting with Xi Jinping in Busan. The US reduced its tariffs on fentanyl to 10% immediately and reached a deal on soybeans and agriculture, Meta (-7%)  and Microsoft (-3%) fell postmarket on cost woes, while Alphabet (+8%)  rallied after a sales beat. Apple and Amazon are due postmarket,

  • Geopolitics : Trump shakes Xi’s hand for 27 seconds and reduces tariffs (taxes on Americans) from 57% to 47% in exchange for China “promising to work hard on fentanyl,” and reverting their limits on rare earths to where they were before a Trump screwed everything up. In other words the meeting was a flop, Rio, Venezuela, Gaza and Ukraine still in the headlines

  • Calpers plans to vote against Elon Musk’s $1 trillion compensation agreement at Tesla



















 
 
 

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