$TSLA - TESLA–SPACEX MERGER ODDS SURGE TO 67% Tesla’s latest SEC filing fuels merger speculation, revealing SpaceX board ties and change-of-control provisions. Kalshi now prices a 67% chance of a merger before February 2027, up from roughly 30% earlier this month.

$TSLA - TESLA–SPACEX MERGER ODDS SURGE TO 67% Tesla’s latest SEC filing fuels merger speculation, revealing SpaceX board ties and change-of-control provisions. Kalshi now prices a 67% chance of a merger before February 2027, up from roughly 30% earlier this month.

MORGAN STANLEY SAYS U.S. STOCK SELLOFF MAY BE NEARING ITS END Morgan Stanley strategist Michael Wilson says investors should prepare to buy the dip as the three-month equity correction approaches its final stages. 🔸 Quality stocks: +6% since mid-August 🔸 Equal-weight S&P 500: Nearly -4% 🔸 Cyclical stocks: Nearly -10% Historically, quality stocks have outperformed by 7.5% over the following year under similar conditions. The key takeaway: Wilson expects the correction to create buying opportunities rather than signal the end of the economic cycle.

MORGAN STANLEY SAYS U.S. STOCK SELLOFF MAY BE NEARING ITS END Morgan Stanley strategist Michael Wilson says investors should prepare to buy the dip as the three-month equity correction approaches its final stages. 🔸 Quality stocks: +6% since mid-August 🔸 Equal-weight S&P 500: Nearly -4% 🔸 Cyclical stocks: Nearly -10% Historically, quality stocks have outperformed by 7.5% over the following year under similar conditions. The key takeaway: Wilson expects the correction to create buying opportunities rather than signal the end of the economic cycle.

$SOFI 5 years ago: Stock price: $15 Revenue: $985M Members: 2.5M Total Products: 3.7M Shares outstanding: 828M Cash & Equivalents: $470M $SOFI now: Stock price: $15 Revenue: $4.3B Members: 15.8M Total Products: 24.4M Shares outstanding: 1.29B Cash & Equivalents: $3.8B

$SOFI 5 years ago: Stock price: $15 Revenue: $985M Members: 2.5M Total Products: 3.7M Shares outstanding: 828M Cash & Equivalents: $470M $SOFI now: Stock price: $15 Revenue: $4.3B Members: 15.8M Total Products: 24.4M Shares outstanding: 1.29B Cash & Equivalents: $3.8B

So here's the math at Friday's prices (1 $TSLA = $354.72) 🧮 🔹 2.4x 👉 $354, no premium 🔹 3.0x 👉 $438, +24% 🔹 3.5x 👉 $511, +44% 🔹 4.0x 👉 $584, +65%, and Tesla holders own ~51% of the combo 🤯 Every extra 0.5x comes out of SpaceX holders' pockets 👀

So here's the math at Friday's prices (1 $TSLA = $354.72) 🧮 🔹 2.4x 👉 $354, no premium 🔹 3.0x 👉 $438, +24% 🔹 3.5x 👉 $511, +44% 🔹 4.0x 👉 $584, +65%, and Tesla holders own ~51% of the combo 🤯 Every extra 0.5x comes out of SpaceX holders' pockets 👀

$TSLA - MORGAN STANLEY TURNS MORE POSITIVE ON TESLA AHEAD OF Q3 EARNINGS Morgan Stanley analyst Andrew Percoco is becoming more constructive on Tesla, citing improving execution in Robotaxi and the core automotive business. Following Tesla's Roadster unveiling, Percoco described the vehicle as a showcase of engineering prowess, highlighting its technological crossover with SpaceX. However, he cautioned that the commercial potential of a flying Roadster remains uncertain. 🔸 Rating: Equal Weight 🔸 Price target: $400 The key takeaway: Morgan Stanley sees the Roadster primarily as a demonstration of Tesla's technological capabilities, rather than a near-term sales driver.

$TSLA - MORGAN STANLEY TURNS MORE POSITIVE ON TESLA AHEAD OF Q3 EARNINGS Morgan Stanley analyst Andrew Percoco is becoming more constructive on Tesla, citing improving execution in Robotaxi and the core automotive business. Following Tesla's Roadster unveiling, Percoco described the vehicle as a showcase of engineering prowess, highlighting its technological crossover with SpaceX. However, he cautioned that the commercial potential of a flying Roadster remains uncertain. 🔸 Rating: Equal Weight 🔸 Price target: $400 The key takeaway: Morgan Stanley sees the Roadster primarily as a demonstration of Tesla's technological capabilities, rather than a near-term sales driver.

BREAKING: Brent crude oil surges to nearly $110, its highest level since September 15, as Iran places its armed forces on the highest alert for 72 hours and mobile bomb shelters being rapidly deployed in Tel Aviv. US oil is now at $100.

BREAKING: Brent crude oil surges to nearly $110, its highest level since September 15, as Iran places its armed forces on the highest alert for 72 hours and mobile bomb shelters being rapidly deployed in Tel Aviv. US oil is now at $100.

U.S. IMPORT AND EXPORT PRICES SURGE ABOVE EXPECTATIONS U.S. September trade inflation came in hotter than expected, signaling persistent price pressures. 🔸 Import prices: +1.1% (forecast +0.8%) 🔸 Export prices: +2.2% (forecast +1.0%) 🔸 Import prices YoY: +8.1% 🔸 Export prices YoY: +11.6% 🔸 Petroleum import prices: +4.6% The key takeaway: Rising energy costs and stronger-than-expected trade prices reinforce inflation concerns ahead of the Fed's October meeting. Source: U.S. Bureau of Labor Statistics

U.S. IMPORT AND EXPORT PRICES SURGE ABOVE EXPECTATIONS U.S. September trade inflation came in hotter than expected, signaling persistent price pressures. 🔸 Import prices: +1.1% (forecast +0.8%) 🔸 Export prices: +2.2% (forecast +1.0%) 🔸 Import prices YoY: +8.1% 🔸 Export prices YoY: +11.6% 🔸 Petroleum import prices: +4.6% The key takeaway: Rising energy costs and stronger-than-expected trade prices reinforce inflation concerns ahead of the Fed's October meeting. Source: U.S. Bureau of Labor Statistics

*US SEPT. PRODUCER PRICES RISE 6.3% Y/Y; EST. +5.4% *US SEPT. PRODUCER PRICES RISE 1.3% M/M; EST. +0.6% *US SEPT. RETAIL SALES RISE 0.8% M/M; EST. +0.3%

Rates getting decimated today. 10yr yield went from 5.34% to 5.08%. That’s massive. Not really helping equities though… hmm

Rates getting decimated today. 10yr yield went from 5.34% to 5.08%. That’s massive. Not really helping equities though… hmm

U.S. INFLATION SURGES TO 3.7%, BEATING EXPECTATIONS September CPI rose 0.6% MoM, matching forecasts, while annual inflation hit 3.7% vs. 3.6% expected. Core CPI climbed 0.3% vs. 0.2% expected, with annual core inflation reaching 2.6% vs. 2.5% forecast. Gasoline prices surged 9.1%, energy jumped 5.2%, and real earnings fell 0.5%, highlighting renewed pressure on consumers.

U.S. INFLATION SURGES TO 3.7%, BEATING EXPECTATIONS September CPI rose 0.6% MoM, matching forecasts, while annual inflation hit 3.7% vs. 3.6% expected. Core CPI climbed 0.3% vs. 0.2% expected, with annual core inflation reaching 2.6% vs. 2.5% forecast. Gasoline prices surged 9.1%, energy jumped 5.2%, and real earnings fell 0.5%, highlighting renewed pressure on consumers.

BLOOMBERG EXPECTS U.S. INFLATION TO SURGE TO 3.7% Bloomberg Economics forecasts headline CPI rising 0.6% MoM, pushing annual inflation to 3.7%, up from 3.4%. Core CPI is expected to rise just 0.23% MoM, with annual core inflation edging up to 2.46%. Core goods inflation is set to accelerate, while services inflation is expected to cool.