Locator: 49296AMD.
IRS: Bessent to remain irs commissioiner indefinitely. Holy mackerel. Never a dull day in the Trump administrator. US Congress shut down. White House not slowing down; showing up to work 24/7.
Paramount: is that accurate?
Yes, the Paramount/Skydance media entity is expected to acquire The Free Press from founder Bari Weiss, who will be installed as editor in chief of CBS News. The deal is reportedly valued around $150 million, with the acquisition intended to expand Paramount's media holdings and install Weiss, a prominent and controversial journalist, at the helm of a major news division.
Stock market, NASDAQ surging! Does this have anything to do with the New England Patriots crushing the Buffalo Bills last night? The Bills were the last undefeated NFL team. Taken out by 2 - 2 Patriots. Also, sadly for Jim Cramer -- his Philadelphia Eagles take their first loss yesterday -- to the Denver Broncos. Say what? Denver Broncos?
CEOs: AMD and OpenAI on CNBC at 9:30 a.m. on "Squawk Box."
Already CNBC is trying to talk this deal "down."
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Others News Pre-Market
Chips:
- MU: up $8
- NVDA: down $1.65
- INTC: up 38 cents
Japan:
- Japan markets surge overnight.
- big energy story overnight Japan: solar plunges
- new premier: pivot -- Japan: has made solar energy the center of its energy program; will not pivot to nuclear -- apparently they did the math --- link here --
US solar:
- speaking of solar: in the US, not only is roof-top solar not projected to increase going forward, analysts project a 12% decline -- a 12% decline -- annually; link here. Maybe I'm misreading this:
Government shutdown: CNBC's Joe Kernen -- the tea leaves suggest this shutdown is going to end sooner than later. It's hard for me to believe that CNBC lets Joe Kernen opine the way he does. Trump spokesman says the GOP wants to end the shutdown: that may be true in the US Senate, and pockets of the US House, but, in fact, the White House loves where the country is at right now.
AMD: while I'm writing this, AMD is now up $57. Same with INTC: up nicely.
GDPNow: link here. October 1: 3.8%.
Inflation: running at 2.1% now -- GDP deflator. Look how fast this fell. Link here. 1Q25 --> 2Q25 -- rear view mirror -- can't change it -- not projections --
