NVIDIA’S $100B BET ON OPENAI RAISES BUBBLE FEARS
Nvidia will invest up to $100 billion in OpenAI to expand data centers powered by its chips. Analysts warn of circular financing, inflated demand, and bubble-like risks. Bernstein’s Stacy Rasgon called the deal unprecedented in scale, while Seaport’s Jay Goldberg said it could speed growth in booms but magnify losses in downturns.
(@WalterBloomberg)
ORACLE AND OPENAI EXPECTED TO ANNOUNCE EXPANSION OF TEXAS DATACENTER:INFORMATION
(@WalterBloomberg)
TRUMP: NATO COUNTRIES SHOULD SHOOT DOWN RUSSIAN AIRCRAFT IF THEY ENTER NATO AIRSPACE
(@WalterBloomberg)
POWELL: WE NEVER TAKE POLITICS INTO ACCOUNT
POWELL: MANY PEOPLE DON'T BELIEVE US
(@WalterBloomberg)
POWELL: TARIFF IMPACT ON CONSUMER INFLATION 'NOT THE BIG FACTOR'
(@WalterBloomberg)
POWELL: IT LOOKS LIKE MIDDLE GROUP ABSORBING TARIFFS, NOT PASSING MUCH ON TO CONSUMERS
(@WalterBloomberg)
POWELL: WE'RE IN A LOW-HIRE, LOW-FIRE ECONOMY
(@WalterBloomberg)
POWELL: NOT HIRING MAY BE ONE WAY OF PASSING ON TARIFF COSTS
(@WalterBloomberg)
*POWELL: EQUITY PRICES ARE FAIRLY HIGHLY VALUED
(@WalterBloomberg)
POWELL: WE'RE NOT TARGETING PRICES FOR FINANCIAL ASSETS
(@WalterBloomberg)
POWELL: NOT A TIME OF ELEVATED FINANCIAL STABILITY RISKS
(@WalterBloomberg)
POWELL: IF POLICY NOT IN RIGHT PLACE WE'LL MOVE IT THERE
(@WalterBloomberg)
POWELL: OVER THE SUMMER LABOR MARKET HAS SOFTENED
(@WalterBloomberg)
POWELL: FED FACES “NO RISK-FREE PATH” ON INFLATION AND JOBS
Fed Chair Jerome Powell said the central bank faces tough trade-offs in balancing inflation and employment, with “no risk-free path.” Speaking in Rhode Island, he noted:
🔸 Growth slowed to ~1.5% in H1 2025 (vs. 2.5% last year).
🔸 Jobs cooled: unemployment at 4.3%, payrolls averaging 29K/month.
🔸 Inflation remains above target: PCE 2.7%, core 2.9%, driven largely by tariffs.
The Fed cut rates 25 bps to 4.00–4.25% to address rising employment risks, but Powell warned against both easing too fast (inflation risk) and staying restrictive too long (jobs risk). Policy, he stressed, is data-dependent.
(@WalterBloomberg)
POWELL: AFTER SEPTEMBER CUT, FED IS 'WELL POSITIONED'
(@WalterBloomberg)
TRUMP: RELATIONSHIP WITH PUTIN DIDN’T MEAN ANYTHING UNFORTUNATELY
(@WalterBloomberg)
TRUMP, ASKED IF U.S. WOULD SUPPORT IN SHOOTING DOWN RUSSIAN AIRCRAFT, SAYS: DEPENDS ON CIRCUMSTANCE
(@WalterBloomberg)
$DIS - DISNEY IS RAISING THE PRICE OF DISNEY PLUS SUBSCRIPTIONS FROM OCTOBER 21ST - THE VERGE
DISNEY+ STANDALONE PLAN WITH ADS WILL INCREASE BY $2 TO $11.99 PER MONTH, NO-ADS DISNEY+PREMIUM PLAN WILL INCREASE BY $3 PER MONTH- THE VERGE
(@WalterBloomberg)
POWELL: OUR FORECAST IS FOR TARIFFS TO BE A ONE-TIME PASSTHROUGH, FINISHED BY END OF NEXT YEAR
(@WalterBloomberg)
POWELL: FEDERAL TARIFF REVENUE HAS JUMPED
(@WalterBloomberg)
POWELL: YOUNG PEOPLE WILL NEED HIGHER SKILL LEVEL IN EVOLVING LABOR MARKET
(@WalterBloomberg)
IRAN'S SUPREME LEADER: NEGOTIATIONS WITH U.S. IS A DEAD-END
(@WalterBloomberg)
POWELL: DUE TO AI, 'SOME JOBS ARE GOING TO BE PHASED OUT'
(@WalterBloomberg)
*POWELL: SOME ASSET PRICES ELEVATED VERSUS HISTORICAL LEVELS
(@WalterBloomberg)
Labor Market:
🔸 JOLTS Job Openings (Aug) – Oct 1, 10:00 AM ET
🔸 ADP Employment (Sep) – Oct 2, 8:15 AM ET
🔸 Initial Jobless Claims (weekly) – Thursdays, 8:30 AM ET
🔸 Nonfarm Payrolls & Unemployment Rate (Sep) – Oct 4, 8:30 AM ET
🔸 Nonfarm Payrolls & Unemployment Rate (Oct) – Nov 1, 8:30 AM ET
Growth:
🔸 Q3 GDP (Advance) – Oct 30, 8:30 AM ET
Inflation:
🔸 CPI (Sep) – Oct 10, 8:30 AM ET
🔸 PPI (Sep) – Oct 11, 8:30 AM ET
🔸 PCE Price Index (Sep) – Oct 31, 8:30 AM ET
(@WalterBloomberg)
*POWELL: CAN'T REALLY SAY LABOR MARKET IS SOLID ANYMORE
(@WalterBloomberg)
POWELL: TOWARDS NEXT MEETING WILL LOOK AT LABOR MARKET, GROWTH DATA, INFLATION DATA TO ASK IF POLICY IN RIGHT PLACE
(@WalterBloomberg)
IRAN'S SUPREME LEADER KHAMENEI SAYS WE DO NOT NEED NUCLEAR WEAPONS, AND DO NOT INTEND TO PRODUCE THEM
(@WalterBloomberg)
*HOUSE DEMOCRATS TO MEET SEPT. 29 IN DC TO DISCUSS GOVT FUNDING
(@WalterBloomberg)
*POWELL: CONSUMER SPENDING HAS SLOWED, BUSINESSES SAY UNCERTAINTY WEIGHS ON OUTLOOK
(@WalterBloomberg)
