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.

The new electric Vehicle Excise Duty (VED) fee will see electric cars charged 3p per mile to use the road from April 2028, with plug-in hybrids paying 1.5p per mile. And that's just to start. Guaranteed that will go up significantly with every budget. Don't you just love being taxed out of existance!?

Government presses on with fertiliser import tax - Farmers Weekly ebx.sh/GVxhcM

Hey @grok give me the most accurate and likely doomsday scenario that you can come up with within the next 100 years.

BBC Bitesize is ‘indoctrinating’ and ‘brainwashing’ children. On @GBNEWS Here is what I’ve found 👇

Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many.

I've been critical in the past of AI compute indexes and the willingness to price compute based on the spot rental price, but now that the AI reset is sinking into the repricing of AI buildout debt its time to realize that the cost of capital is what determines the price of compute. The most important number in GPU pricing right now isn't $/GPU-hour. It's the gap between what a hyperscaler pays to borrow (~90bp over Treasuries) and what a neocloud pays (~1,100bp). The cost of compute is now set by the cost of capital, and the spot rental rate no longer tells you much. The price of an H100 isn't one number. The same chip in the same rack costs a different amount depending on whose balance sheet it sits on. A ~1,000bp funding gap is a structural cost advantage that no amount of operating skill closes. For example, take one GPU-hour apart. Most of it isn't power or space. It's paying back the chip, the interest on the loan that bought it, and the return the equity expects. A $40–55k all-in GPU, 75% debt-funded, at ~7,000 utilized hours a year is a financing instrument that happens to do matrix multiplication. As the +500bp on neocloud debt (10%→15%) adds $0.20–0.30 to the break-even cost of every GPU-hour, which is then added on to the rental price. That's 8–10% of the H100 index, from a credit spread alone, driven almost entirely by the cost of capital. That means that the compute spot index is a derivative of the AI infra debt credit curve and the squeeze on neocloud margins.

OBAMA MEETS UK PRIME MINISTER IN MANCHESTER Manchester, UK, same day: Obama photographed leaving the Stock Exchange Hotel on 15 October. The Manchester Evening News reports he met UK Prime Minister Andy Burnham in the hotel's Sterling Bar. This was ahead of his Co-op Live show. [Photo: Manchester Evening News]

Brutaler Leitartikel im konservativen Le Figaro. Eine Abrechnung mit Frankreichs politischem System und seiner Elite. „Eine Justiz, die gegenüber Straftätern nachsichtig ist, gegenüber anständigen Bürgern aber unerbittlich. Das unbegreifliche Privileg dieser linksextremen Milizen, die ungestraft zerstören, Brände legen und töten. Eine unkontrollierte Einwanderung, bei der sich ein Teil der Einwanderer gegen das Land auflehnt, das sie aufgenommen hat. (…) Eine politische Klasse – die verschiedenen Spielarten des Sozialismus, die uns seit fünfzehn Jahren regieren –, die sich Leichtfertigkeit, Blindheit, wenn nicht sogar wohlwollende Duldung vorwerfen lassen muss. Die Ermahnungen Emmanuel Macrons an eine Polizei, die seiner Ansicht nach nicht genügend „Empathie“ gegenüber jenen zeigt, die sie mit Schrauben, Pflastersteinen oder Feuerwerksmörsern angreifen, werden als unauslöschlicher Makel in Erinnerung bleiben. (…) Wenn die extreme Linke, Straftäter und Plünderer Frankreich innerhalb weniger Stunden völlig auf den Kopf stellen können, dann liegt das vor allem daran, dass eine von sich selbst berauschte technokratische Monarchie systematisch sämtliche moralischen, sicherheitsbezogenen, kulturellen und wirtschaftlichen Schutzmechanismen eingeebnet hat, die eine Gesellschaft zusammenhalten. Die nützlichen Idioten Jean-Luc Mélenchons tragen nicht nur die Kufiya, sondern auch die Krawatte.“

NOW - Macron addresses the nation, calling for order and says that the youth of France are "expressing great anguish and concern about the future... we need to pay heed to what they are saying and we must not minimise the hardships that they are facing."

The murder inquiry outlasted the premierships of Johnson, Truss, Sunak, Starmer so Qs not limited to one PM or party — as for the current administration, @wesstreeting confirmed last night he will *not* meet the SAS men involved or their lawyers. Per sources, this is because some have submitted complaints to military police. I assume this reflects the fact defence secretary also oversees military law enforcement — a tension that apparently meant the MoD was unable to give any meaningful comment or view on the whole affair. That includes SAS men sent out of helicopters into nighttime battle against ISIS 48 hours after police interviews, and having homes raided and murder allegation raised before families.