Nasdaq 100 futures rose more than 1% after the Philadelphia chip index fell 11.4% last week. Debt on an Oracle-leased AI campus traded near 80 cents. JPMorgan said its deposit token is coming to Ethereum.
Stock futures bounced, and the first large regional bank to report this week showed steady credit.
Nasdaq 100 futures were up about 1.2% at 8:56 a.m. S&P 500 futures rose about 0.4%.
Wall Street futures bounced, and the question of who pays for AI moved to bonds. The Philadelphia semiconductor index fell 11.4% last week. Its eight straight daily declines were its longest losing streak since 2008.
Goldman Sachs sees the five largest cloud and platform companies spending about $1.2 trillion next year. Much of the wider build-out is funded with debt.
CoreWeave (CRWV) fell about 12% on Friday. It was up about 6% in premarket trading.
Regional banks open the second week of earnings with the 10-year yield above 5%. Fifth Third (FITB) earned 90 cents a share, it said at 6:30 a.m. Excluding merger charges and other items, it earned $1.13.
Net charge-offs ran at 0.31% of loans, and core deposits rose 3% from the second quarter, the bank said.
A Bounce Before the Bills
Futures rose after a week of chip selling, and the question of who funds the AI build-out stayed open. Fifth Third's credit held steady.
Elon Musk's $2.1 Trillion Hit List
The SpaceX IPO made Elon Musk the wealthiest man who has ever lived.
Now he's spending it to complete his dynasty...
He's already acquired a $40 billion AI firm and a $1 billion turbine company.
But a handful of companies still stand between him and total control of the space economy.
Click here to see why early investors could walk away with a fortune.
Oil fell on its first trade after a weekend of attacks and threats.
Washington says Gulf crude is back near 80% of normal. Fuel shipments are not. Energy Secretary Chris Wright said Gulf oil flows had recovered to about 80% of prewar levels. The Energy Department has not published that figure.
The International Energy Agency's estimate is lower. It put September Gulf exports at about 13.9 million barrels a day, or three-quarters of prewar volumes. It put refined-product flows at about half.
Brent was near $108 at 8:56 a.m., down about 1.4%. Iran's Revolutionary Guard said a third tanker had struck a mine since Friday. Britain's maritime agency had logged none of the three.
Putin wants a three-way summit on Ukraine. The Russia sanctions waiver may now have a deadline. Putin proposed meeting Trump and Xi Jinping at next month's APEC summit in Shenzhen, The Wall Street Journal reported. The Kremlin said the idea is being discussed. Trump has not agreed.
Trump waived the Graham Act's new Russia sanctions and tariffs on Friday. Cabinet officials have cited a 60-day review. "The only thing that has been lifted is the diesel embargo," Treasury Secretary Scott Bessent said Sunday.
More Crude, Less Fuel
Crude flows are closer to normal than fuel flows, by Wright's account and the IEA's estimate. A November summit would fall inside the waiver's 60-day review.
China grew faster than forecast, and the two prediction markets on Brazil's race split around a debate.
China beat on growth by selling more, not by buying more at home. The economy grew 4.5% from a year earlier in the third quarter, above the 4.4% median in a Reuters poll.
Goods trade rose 18.8% in the first nine months. Fixed-asset investment fell 7.2% over the same stretch, and September retail sales rose 1.1%.
The 10-year Treasury yield closed Friday at 5.09%, according to Treasury data. Fed officials are in their quiet period before the Oct. 27 to 28 meeting.
Brazil's debate ended without a winner. Its two prediction markets moved in opposite directions. The runoff is Oct. 25. Kalshi's contract on a Flávio Bolsonaro win traded at 81 cents during Sunday's debate. It traded at 79 cents this morning.
Polymarket's contract fell from about 80 cents Sunday afternoon. It was near 77 cents ahead of the equities market opn. Most recent polls show leads within the margin of error.
Exports Up, Venues Apart
China's beat came from trade, not shoppers. Both venues still price Flávio Bolsonaro as the favorite, at different odds.
Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why
The world's wealthiest individuals are making huge moves with their money.
Warren Buffett just liquidated billions of shares. Bill Gates sold 500,000 shares of Microsoft. Jeff Bezos filed to sell Amazon shares worth $4.8 billion.
What is going on? One multi-millionaire believes they are preparing for a catastrophic event. But not a crash, bank run, or recession. It’s something we haven’t seen in America for more than a century.
Debt on one AI campus traded lower, and a customer walked away from another.
Debt on Oracle's New Mexico AI campus has traded near 80 cents. Project Jupiter carries roughly $18 billion of debt. Some of it recently sold near that price, The New York Times reported. In September it was quoted at 89 to 91 cents, the Financial Times reported.
The campus, leased by Oracle (ORCL), has buildings near completion but no power. A hearing on its power permit now starts Dec. 7.
Microsoft exits Nscale's Essex site after grid power was pushed to the 2030s. Microsoft (MSFT) ended its agreement for the Loughton site, The Telegraph reported Sunday.
Grid officials told Nscale not to expect power there until the 2030s. Nscale, which filed for a U.S. listing last month, said its other contracts are unaffected.
Power Before Payment
Neither site has power. One project's lenders took a lower price, and the other project lost its customer.
A big bank said its deposit token is coming to Ethereum, and bitcoin rose with stock futures.
Bitcoin traded near $82,500 this morning, and ether was above $2,400.
JPM Coin on Ethereum puts a deposit token where stablecoins settle trades. JPMorgan Chase (JPM) said Monday that institutional clients will be able to use its deposit token on Ethereum. It has not said when.
The token launched on Coinbase's Base network last November. Unlike a stablecoin, it is a claim on a bank deposit. JPMorgan's tokenized money-market funds already run on Ethereum.
Bitcoin erased Sunday's slide overnight, rising with Nasdaq futures. From a low of about $80,565 at 4 p.m. Sunday, it rose to about $83,060 around 3 a.m. Most of the climb came after stock futures reopened at 6 p.m.
Separately, wallets that the tracker Lookonchain links to MARA Holdings (MARA) moved 1,000 bitcoin. The coins went to the Binance and Gate exchanges over five days. A transfer is not a sale, and MARA has not commented.
Bank Money, Borrowed Momentum
JPMorgan's token is headed for the chain where its tokenized funds run. Most of bitcoin's overnight climb came after the stock futures reopen.
They recommended Amazon, Microsoft, Nvidia, Palantir, and more…
Now, two financial legends have joined forces to show Americans how to protect and grow their wealth…
Because as they reveal, Artificial Intelligence is about to change everything during America’s New 1776 Moment.
Monday morning priced relief in markets and strain in the money behind AI.
Futures and bitcoin rose together, and Brent fell more than 1%.
Debt on an Oracle campus traded near 80 cents, and Microsoft left an Essex site with no power in sight. JPMorgan said it will bring bank money onto Ethereum.
Same Rate Move. Three Different Bills.
The 10-year went from 4.19% to 5.29% this year. Every company on your screen felt that. They don't feel it on the same schedule.
Some earn more when rates rise. Some pay more. The difference shows up in earnings, one report at a time.
We traced three of them: IBKR, WRB and FIS.
FREE Special Report: Rates Just Reset. Who Feels It First?
Who earns it fast. Who earns it slowly. Who pays. One has already reported. The other two report next, and the report tells you the exact line to check.
We'll text the report straight to your phone.
Text Me the Three Names → (free)