Novak confirms Ukrainian attacks on Russian energy have resumed

A blockade choking Iranian barrels puts a bid under crude and the energy complex, and the tweet says strikes are still on the table after the election.

US DISCUSSES IRAN BLOCKADE AS POST-ELECTION STRIKES REMAIN POSSIBLE US officials say yesterday's high-level meeting focused on economic pressure against Iran rather than military strikes, according to Axios reporter Barak Ravid. 🔸 More than 20 officials attended the meeting.

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Private money is still marking AI compute higher: a $40 billion tag on Fluidstack sets a fresh private benchmark while listed neocloud names trade well off their highs.

REPORT: Leopold Aschenbrenner's AI hedge fund Situational Awareness is raising money from investors to invest in neo-cloud startup Fluidstack at a $40B valuation https://t.co/B2JZ4GHAHX

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Moscow signaling a date is the nearest thing yet to a firm timeline for three-way talks, and energy and defense names tend to move first on headlines like this.

KREMLIN SAYS THERE ARE NO DIFFICULTIES IN AGREEING ON DATE FOR TRILATERAL NEGOTIATIONS ON UKRAINE - RIA

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Memory inflation is killing the budget phone, and the chip vendors levered to it are paying: Qualcomm and MediaTek each gave up three to six points of share while Apple picked up four.

Counterpoint says global smartphone processor shipments fell 21% YoY in Q3 as rising memory costs pushed manufacturers to cut cheaper models. • MediaTek's market share fell from 34% to 28% • Qualcomm's $QCOM declined from 25% to 22% • Apple's increased from 17% to 21%

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Memory suppliers are pushing through double-digit price hikes into falling demand, a pricing power signal that lands squarely on PC makers' margins next year.

TrendForce: PC DRAM prices are rising 13%-18% QoQ in Q4, even as notebook shipments are expected to fall another 9% after a 14% decline in Q3.

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The breach is still reported, not confirmed, but a hack of that scale at Binance would hit coin prices, customer withdrawals and the regulatory posture toward exchanges all at once.

The world’s largest crypto exchange reportedly just suffered the largest crypto hack on record. https://t.co/sp8IvNzaWg

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AI coding tools just inherited the app-store supply-chain problem, with up to 5,000 developer machines exposed through a single poisoned extension. Enterprise security budgets follow incidents like this one.

BREAKING: Cursor discovers a malicious version of Claude Code in its marketplace that attempts to give hackers remote access to users' computers, potentially affecting up to 5,000 users.

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Wage pressure at its weakest since early 2021 removes a key inflation argument against further Fed cuts, and it comes from the reporter the Fed uses to telegraph its thinking.

Compensation growth has cooled ever so slightly over the last year. Private sector pay, excluding incentive paid occupations, rose 3.1% in Q3 from a year earlier. That's down from 3.4% in the year-earlier period and the lowest rate since Q1 2021. Source: Employment Cost Index https://t.co/6dJ7Yl5mSb

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A Nasdaq 100 open under $700 breaks the support level traders have been defending, and a close below it puts the mega-cap tech trade on the defensive.

The Nasdaq 100 $QQQ is the chart to watch today. It's currently set to open below key support at $700. https://t.co/z6peAc3Mrm

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Novak is signaling Russian diesel exports quadruple to 2.15 million tons in November, a flood of barrels aimed straight at the tightest fuel market in the energy complex. Refining margins and diesel cracks are the first place that shows up.

RUSSIA PLANS TO EXPORT 510,000 TONS OF DIESEL IN OCTOBER AND 2.15 MILLION TONS IN NOVEMBER - TASS CITES NOVAK

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The policy-sensitive two-year dropped more than the 10-year, 7.05 basis points to 4.586%, the kind of move that shows traders leaning harder toward a December cut. Rate-sensitive groups like homebuilders and small caps feel that first.

US TREASURY YIELDS MOSTLY HOLD LOSSES AFTER US ECONOMIC DATA; YIELD ON 10-YEAR TREASURY NOTE LAST DOWN 6.22 BASIS POINTS AT 4.927% TWO-YEAR US TREASURY YIELDS LAST DOWN 7.05 BASIS POINTS AT 4.586%

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Three more months of Russian diesel barrels staying home lands right as the global distillate squeeze runs into peak winter demand, which keeps refining margins rich and fuel costs sticky for everyone downstream.

RUSSIA PLANS TO EXTEND BAN ON DIESEL EXPORTS, WITH CERTAIN EXCEPTIONS, UNTIL THE END OF JANUARY - IFX

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