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US stocks (^DJI,^GSPC, ^IXIC) got off to a rocky start in October after Iran launched a missile attack on Israel. Amid rising Middle East tensions, oil prices (CL=F, BZ=F) soared and gold (GC=F) closed near a record high as investors flocked to more defensive areas of the market. Meanwhile, China stocks (BABA, JD, BIDU) are continuing to rally after the People’s Bank of China announced new stimulus measures aimed at recovering its struggling economy. Nike (NKE) shares are under pressure after reporting mixed fiscal first quarter results. Investors were disappointed that the company withdrew its outlook for the year and postponed its investor day amid a CEO transition. Wall Street is also digesting the latest ADP employment report for insight into the health of the labor market ahead of Friday’s critical jobs report. Yahoo Finance trending tickers include Lockheed Martin (LMT), PDD Holdings (PDD), and Humana (HUM).
Key guests include:
9:00 a.m. ET – Ed Mills, Raymond James Washington Policy Analyst and Managing Director
9:45 a.m. ET – Jed Dorsheimer, William Blair Group Head of Energy and Sustainability Research Sector
10:00 a.m. ET – Bill Baruch, Blue Line Futures President
10:15 a.m. ET – Steve Clemons, The Washington Note Founding Editor
10:50 a.m. ET – JoeBen Bevirt, Joby CEO
11:00 a.m. ET – Nela Richardson, ADP Chief Economist
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