US Morning News Call | Trump to Meet Congressional Leaders Monday as Government Shutdown Looms

Moomoo Breakfast US wrote a column · Sep 29 19:07

Before the Bell

At the beginning of a week focused on a series of labor market reports, stocks increased. Meanwhile, $XAU/USD (XAUUSD.CFD)$ reached a new record high.

Futures tied to the $E-mini S&P 500 Futures (DEC5) (ESmain.US)$ rose 0.54%. $E-mini NASDAQ 100 Futures (DEC5) (NQmain.US)$ went up by 0.65%, and $E-mini Dow Futures (DEC5) (YMmain.US)$ went up 207 points, or 0.44%.

Top News

Trump to Meet Congressional Leaders Monday as Government Shutdown Looms

President Donald Trump is scheduled to meet with congressional leaders on Monday to address the looming government shutdown. The meeting comes less than 48 hours before the deadline for Congress to approve new funding legislation, with both sides reportedly dug in on their positions.

Apple Revamps AI Strategy, Emphasizing Chatbots and Overhauling Siri

$Apple (AAPL.US)$ is reportedly revamping its artificial intelligence (AI) strategy, with a focus on chatbot-like experiences and a significant overhaul of its Siri voice assistant. The company has developed an internal ChatGPT-like application, codenamed "Veritas," to test and prepare for these changes, which are expected to integrate advanced large language models into Siri.

Tesla Receives New Price Target as Recent Events Remove "Large Overhang"

$Tesla (TSLA.US)$ has received another new price target from a Wall Street firm, with one analyst stating that recent events have "removed a large overhang on the stock." Deutsche Bank, for instance, raised its price target for Tesla to $435, citing an accelerated AI path for the company.

Occidental in Talks to Sell Petrochemical Business for $10 Billion

$Occidental Petroleum (OXY.US)$ is reportedly in negotiations to sell its OxyChem petrochemical division for at least $10 billion.

Crypto News

$Bitcoin (BTC.CC)$went up 0.18%; $Ethereum (ETH.CC)$ went down 0.28%.

Apple CEO Tim Cook Admits to Personally Holding Cryptocurrency

$Apple (AAPL.US)$ CEO Tim Cook has confirmed in an interview that he personally holds cryptocurrencies, including Bitcoin and Ethereum. Cook stated that he views cryptocurrency assets as a reasonable part of a diversified investment portfolio and has been researching the area for some time.

Apple CEO Tim Cook admits to personally holding cryptocurrency, saying it's a reasonable investment strategy

Apple CEO Cook was asked in an interview whether he holds cryptocurrencies such as Bitcoin or Ethereum, and he gave a positive response. Cook also stated that cryptocurrency assets can be part of a diversified investment portfolio, which is a reasonable allocation strategy. He has long been paying attention to this area and has spent time researching it. He said, "I think it's very interesting."

Spot Ethereum ETFs See Largest Outflow Week Since Inception

Spot Ethereum Exchange-Traded Funds (ETFs) have experienced their largest outflow week since their inception, even as the price of Ethereum (ETH) reclaimed the $4,000 mark.

Market Events

Key Earnings

Before Market

The market anticipates $Carnival (CCL.US)$ revenue of $8.11 billion, up 2.68% YOY, with EPS at $1.31, a 3.76% YOY increase.

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