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0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. Amazon revenue +13% to $143.1B in Q3, as margins improve in all segments
Operating income jumped +4.4x to $11.2B, as margins improved overall
AWS revenue growth has stabilized at 12%
The stock is +5% in the pre-market
Read more: CNBC, Amazon earnings, Amazon slides
2. SBF gives vague testimony without jury present; judge to rule on jury testimony today
Court sketch drawing of Bankman-Fried testifying on Oct. 26.
Judge Kaplan wanted to hear SBF's testimony first himself, before ruling on what was admissible.
āInteresting way of responding to questions:ā how the judge described Bankman-Fried.
SBF was evasive, saying lawyers had approved most of his decisions, and casting blame on FTX's former chief regulatory officer Dan Friedberg. - Bloomberg's live feed
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4. GDP +4.9% in Q3, better than 4.3% expected
GDP price index: 3.5% QoQ, vs. 2.5% expected, from 1.7% in the previous quarter. - BEA
5. OpenAI announces preparedness team to counter āchemical, biological, radiological, nuclearā threats
Led by MIT professor Aleksander Madry.
UK AI Safety Summit: this announcement was presented as a ācontributionā to next week's summit. - Techcrunch, OpenAI
6. Israel: U.S. conducts 2 strikes in Syria as Israeli cabinet remains divided on ground invasion
U.S. conducts 2 strikes in eastern Syria facilities linked to Iran.
āTargeted raidsā conducted for 2nd night: IDF.
Israeli cabinet divided over how, whether to conduct Gaza invasion.
Hamas: hostages won't be released before ceasefire.
Iran: Hamas ready to exchange 200 civilian hostages for 6K prisoners.
Threatens U.S.: āwill not be spared from these firesā if war continues.
House to consider $14.5B Israeli aid bill separately from Ukraine's.
900 U.S. troops being deployed to Middle East (not Israel).
9 Arab countries condemn Israel's attacks on Gaza.
Qatar, U.S. agree to revisit Qatar's relationship with Hamas.
Qatar sentences 8 Indians to deaths, on charges of spying for Israel.
DeSantis: we are sending drones, weapons, ammunition to Israel.
7. Anduril, Shield AI have optimistic growth projections, helping encourage defense VC
8. Disney Parks raise prices, offering luxury packages, increasing per-capita spending by 40% vs. pre-pandemic
9. How Taylor Swift $1B fortune is spread out
10. Interesting videos, posts, and memes
11. Other headlines
AI
Google Maps gets AI-powered search updates, other features.
KPMG spinout Cranium.ai raises $25M for AI security, trust.
UK PM Rishi Sunak confirms AI Safety Institute.
Tech
X will challenge Youtube, LinkedIn: Elon to staff.
Huawei revenue +2% to $62.3B YTD.
Uber testing self-driving Waymo cars in Phoenix.
Cruise pauses all driverless robotaxis to ārebuild public trust.ā
WeWork creditors SoftBank, King St. fight for control, bankruptcy in Nov.?
Intel revenue -8% to $14.2B in Q3, as adj. gross margin expands to 45.8%.
Apple's Journal app available on iOS 17.2 Beta.
Tesla raises Model Y's price in China by $2K, after series of cuts.
Ford postpones $12B EV investment as customers not willing to pay premium.
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Tech & law
UK approves law that critics say will prohibit E2E messaging.
Meta ignores own ethics board's advice to take down drug posts.
Apple Watch imports could be banned after U.S. patent ruling.
Sundar Pichai to testify in U.S. v. Google on Monday.
Biotech
HER4 gene in golden retrievers strongly correlated to longevity.
BioAge announces Phase 2 trial of obesity drug azelaprag.
Alzheimer's: more links to gut microbiome discovered in rats.
Business
Yellen: ātremendous robustnessā suggests rates āhigher for longer.ā
Steve Cohen predicts āfake scareā recession, higher rates.
Berkshire sued for allegedly changing accounting rules in $10B Pilot deal.
Crypto
Solana Incubator launched by Labs to encourage startups.
Taiwan introduces crypto regulatory bill.
Ken Griffin denies claim it helped tank Do Kwon's Terraform.
U.S. politics
Rep. Dean Phillips (D-MN) to challenge Biden in run for president.
Navy's 12 new ICBM subs to cost $120B, from $100B original budget.
Trump: prosecutors move against efforts to extend gag order pause.
Blake Masters announces House run in AZ-8, after losing Senate race in 2022.
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World
Former CCP premier (#2) Li Keqiang dies.
U.S. journalist charged by Russia with foreign agent law, faces 5 years.
Taiwan: pro-China parties seek alliance to beat pro-independence frontrunner.
Russian military executing soldiers who don't follow orders: U.S.
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