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Walter Bloomberg

LVMH 3Q REV. EU18.28B, EST.EU18.17B
LVMH 3Q ASIA EX. JAPAN ORGANIC REV. +2%, EST. -3.63%
LVMH 3QWINES & SPIRITS ORGANIC SALES+1%, EST.-3.18%
LVMH 3Q ORGANIC REV. +1%, EST. -0.72%
LVMH 3Q FASHION & LEATHER ORGANIC SALES -2%, EST. -3.48%
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GREER: WE ALWAYS WATCH THE STOCK, BOND MARKETS
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GREER: THINK WE'LL BE ABLE TO 'WORK THROUGH IT' WITH CHINA
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*GREER: CHINESE REALIZE THEY OVERSTEPPED
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NOEM ANNOUNCES U.S. COAST GUARD TO RECEIVE PAYCHECKS DESPITE GOVERNMENT SHUTDOWN
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📊HASSETT LEADS THE LIST OF FED CHAIR CONTENDERS

According to the prediction market Kalshi, Kevin Hassett, director of the National Economic Council, has a 41% chance of becoming the next chair of the Federal Reserve. He leads the field, with presumptive nominees Kevin Warsh, a former Fed governor, at 16%, and current Fed governor Christopher Waller at 15%.
https://t.co/yQME4UvPzi
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GOLDMAN SACHS TELLS STAFF IT PLANS TO CUT MORE JOBS THIS YEAR
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*JOHNSON: TRUMP ADMIN HAS THE RIGHT TO MOVE FUNDS TO PAY TROOPS
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JPMORGAN SAYS ECONOMY SOLID BUT DOWNTURN POSSIBLE

JPMorgan CFO Jeremy Barnum says the economy is currently stable, with strong consumer spending and a resilient credit environment. However, growth is slowing and the labor market shows signs of softening. “It’s easy to imagine the labor market deteriorating,” he warns. “Things being fine now doesn’t guarantee they’ll stay that way.”
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*LAGARDE: WOULD NEVER SAY ECB IS DONE CUTTING RATES
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*FRENCH-GERMAN 10-YEAR YIELD SPREAD DROPS BELOW 80 BPS
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LONG GOLD TOPS MOST CROWDED TRADES — BOFA

Bank of America’s October survey shows 43% of investors see being long gold as the most crowded trade, surpassing long Magnificent Seven stocks (39%).

Average gold allocation is 2.4%, with most investors holding little or no exposure.
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GOLDMAN SACHS SHARES EXTEND LOSSES, DOWN 5.5%
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BLACKROCK CEO LARRY FINK: BELIEVE WE'RE JUST AT BEGINNING OF TOKENIZATION OF ALL ASSETS, FROM REAL ESTATE TO EQUITY TO BONDS
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GOLDMAN SACHS SHARES FALL 3.1% AT THE OPEN

WELLS FARGO SHARES RISE 4.9%, MOST SINCE APRIL 23
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GREER: WANT TO MAKE SURE MARKET RESPONDS TO APPROPRIATE INFO
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🚨 GREER: CHINA TARIFF COULD HAPPEN SOONER, AS TRUMP SAID
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🚨 GREER: NOVEMBER 1 TARIFFS DEPENDS ON WHAT CHINA DOES
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*GREER: CHINA RARE EARTHS MEASURE CAME OUT OF NOWHERE
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Trump named Kevin Hassett, Kevin Warsh, and Christopher Waller as top contenders to replace Jerome Powell in 2026. Treasury Secretary Scott Bessent later added Michelle Bowman and Rick Rieder.

Hassett, a close Trump ally, is seen as the frontrunner for his pro-growth, low-rate stance, though some question his independence.
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CITI CEO SAYS GROWTH 'COOLING SOMEWHAT' ACROSS U.S. ECONOMY
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ARGENTINA MAIN STOCK INDEX UP OVER 3.5%

TUESDAY, OCTOBER 14, 2025

🔸 1:00 PM: President greets President of Argentina (Open Press)
🔸 1:15 PM: Bilateral Lunch with President of Argentina (Closed Press)
🔸 4:00 PM: Medal of Freedom Ceremony for Charlie Kirk (East Room)
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PAUL TUDOR JONES SEES YEAR-END RALLY POTENTIAL

Jones expects a possible market rally after late October, citing major tech earnings, U.S.–China developments, and a Federal Reserve meeting as catalysts.

He’s currently defensive but may go long if Nasdaq Composite strengthens into November.

Jones favors gold and silver over crypto through year-end, warning of renewed inflation in about 18 months as fiscal pressures push for easier Fed policy.
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PAUL TUDOR JONES PREDICTS NASDAQ WILL BE SIGNIFICANTLY HIGHER BY YEAR-END
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MORE INVESTORS HOLD ZERO CRYPTO — BOFA SURVEY

Bank of America’s October survey shows 76% of investors have no crypto exposure, up from 67% in September.

Small allocations remain limited: 3% hold 2%, 1% hold 4%, and 3% hold 8% or more.
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PAUL TUDOR JONES SEES FED FUND RATE AT 2.5 OR 2.75 IN A YEAR
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JPMORGAN CHASE SHARES EXTEND LOSSES; LAST DOWN 4%
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BLACKROCK CEO FINK SAYS AMERICA STILL IS THE BEST PLACE IN THE WORLD TO INVEST
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U.S. STOCKS EXTEND FALL, NASDAQ DOWN 2.01 PCT
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U.S. SUPREME COURT REJECTS BID BY INFOWARS' ALEX JONES TO CHALLENGE $1.4 BILLION DEFAMATION JUDGMENT OWED TO FAMILIES OF SANDY HOOK SCHOOL SHOOTING VICTIMS
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