US Morning News Call | OpenAI Officially Launches GPT-6 Astra

Key Takeaways:

• Norway's Sovereign Wealth Fund Proposes Cutting U.S. Treasury Holdings

• Anthropic Nears $15 Billion Credit Facility Ahead of IPO

• OpenAI Officially Launches GPT-6 Astra

• Apple's Foldable iPhone Starts With Limited Production and Premium Pricing

• Micron Plans to Double HBM Capacity by Year-End

• Tesla Launches Cybercab Robotaxi Service in Austin

• Key Economic Events: Nonfarm Payrolls

🔔Before the Bell

Stock futures were mixed early Friday as traders awaited August’s key payrolls report.

$E-mini NASDAQ 100 Futures (DEC6) (NQmain.US)$ went up by 0.52%;

$E-mini S&P 500 Futures (DEC6) (ESmain.US)$ went up by 0.08%;

$E-mini Dow Futures (DEC6) (YMmain.US)$ went down by 0.11%.

Norway's Sovereign Wealth Fund Proposes Cutting U.S. Treasury Holdings

The $2.3 trillion fund wants to reduce Treasurys from 34.1% to 21.9% of its bond portfolio while increasing exposure to U.S. corporate bonds, mortgage-backed securities and Japanese government debt. The proposed shift aims to diversify risk and improve long-term returns.

OpenAI Officially Launches GPT-6 Astra

OpenAI has begun a phased release of GPT-6 Astra, starting with selected Daybreak companies before expanding to ChatGPT Plus, Pro, Business and Enterprise users, its API and AWS. The model offers major gains in coding, science and computer tasks but is OpenAI’s first to reach its “Critical” cybersecurity threshold, prompting stricter access controls and safeguards.

Anthropic Nears $15 Billion Credit Facility Ahead of IPO

Anthropic is reportedly finalizing a $15 billion revolving credit facility, exceeding its earlier $10 billion target and last year's $2.5 billion facility. Morgan Stanley is leading the financing, with Goldman Sachs, JPMorgan and Citigroup also taking major roles ahead of the Claude maker’s planned IPO.

Apple's Foldable iPhone Starts With Limited Production and Premium Pricing

$Apple (AAPL.US)$ is reportedly producing only a few hundred foldable iPhones per day as suppliers work to improve yields and meet quality standards. Expected to debut as the iPhone Ultra, the device could start at about $2,099 and feature a 7.8-inch inner OLED display, an A20 Pro chip and Touch ID.

Tesla Launches Cybercab Robotaxi Service in Austin with Purpose-Built Autonomous Vehicle

$Tesla (TSLA.US)$ began commercial Cybercab robotaxi operations in Austin. The purpose-built autonomous vehicle features no steering wheel or pedals, vision-only autonomy, 48 kWh battery, two-seat layout, and lighter weight than Model Y, aiming to improve unit economics versus conventional ride-hailing.

Micron Plans to Double HBM Capacity by Year-End

$Micron Technology (MU.US)$ reportedly aims to increase its HBM production capacity to about 100,000 wafers per month by year-end, with 12-layer HBM4 potentially accounting for half of output. The expansion is intended to meet strong AI-memory demand and narrow the company’s production gap with SK Hynix and Samsung Electronics.

🪙 Crypto News

$Bitcoin (BTC.CC)$ fell -0.28% to 80932.3; $Ethereum (ETH.CC)$ climbed +0.94% to 2520.56.

Bitcoin Trades Above $81K Amid Easing Rate Hike Fears and Macro Improvements

Bitcoin traded around $81,700 amid improving macroeconomic expectations and renewed fund flows. Broader US markets remained resilient ahead of key macro data, with crypto-linked stocks moving alongside Bitcoin.

📅 Market Events

Key Economic Events

08:30 Nonfarm Payrolls

08:30 Unemployment Rate

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