Welcome to Staten News, where money got expensive this week and everybody felt it. Treasuries near 5%. CoreWeave bonds near 16%. Delta Reign boxes 53% over sticker before anyone has opened a pack. The only thing that came cheap was Milwaukee’s trip through Los Angeles.
📊 Finance
September CPI came in at 3.7% against a 3.6% forecast, with core at 2.6% vs. 2.5%. The S&P 500 dropped 1% Wednesday and the Nasdaq gave back 1.9%.
Wholesale prices (PPI) jumped 1.3% in September alone, the biggest one-month gain since March 2022, and are up 6.3% from a year ago.
New York Fed President John Williams said one more rate hike this year looks appropriate. The Fed meets October 27-28.
The Philadelphia Semiconductor Index fell for a seventh straight day. Dell dropped about 6.9% and HPE about 7.1% Thursday.
The money went boring instead: the Dow gained 556 points to 52,177.69 Thursday, healthcare led at +1.84%, and Apple crossed a $5 trillion market cap during a tech selloff.
Bank of America fell about 5% after a 17% profit drop tied to a $1.2 billion regulatory penalty. BlackRock beat.
Our calls: Lennar (LEN) up if yields keep easing, Vertiv (VRT) down as AI data-center financing gets pricier.
Full story: Inflation Ran Hot Twice. Chips Fell Seven Days Straight.
⚾ Sports
The Brewers beat the Dodgers 6-4 Thursday to finish a 4-0 NLCS sweep. Milwaukee is in the World Series for the first time since 1982.
Los Angeles led 4-0 after a Shohei Ohtani homer. Milwaukee came back on five hits, and Garrett Mitchell’s sixth-inning homer off Tanner Scott won it.
Aaron Ashby threw three scoreless innings for the save. The Brewers outscored the Dodgers 21-11 across the series.
Cleveland beat Tampa Bay 3-2 in ALCS Game 3 and leads 2-1. Gavin Williams struck out nine over five innings, and Halpin’s two-run homer in the fifth held up.
The Rays managed three hits all night. Their bullpen threw four scoreless innings and it didn’t matter.
ALCS Game 4 is tonight at 6 p.m. ET in Cleveland (TBS), Game 5 Saturday at 8 p.m. ET. World Series Game 1 is Friday, October 23.
Sunday at 1 p.m. ET: the Giants host the Saints (FOX) and the Jets visit the Patriots (CBS).
Full story: Milwaukee Swept the Dodgers and Booked Its First World Series Since 1982
📱 Tech
CoreWeave’s five-year credit default swaps hit a record, pricing better than 60% odds the AI cloud company defaults within five years. Its 2031 bonds yield 15.78%.
Jensen Huang said CoreWeave needs no backstop from Nvidia. Nvidia owns about 10% of it and sells it the chips.
Amazon, Alphabet and Meta default swaps hit records too, though far more slowly than CoreWeave’s or Oracle’s.
TSMC posted a record quarter: revenue of US$46.72 billion (+50.9%), net income +68.7%, a 66.4% gross margin, and Q4 guidance of $52.3 to $54.3 billion. The U.S. shares fell 1.8% to $422.25.
Japan will put up to $21 billion into two GlobalFoundries fabs in Malta, New York. The first opens in 2029, and GlobalFoundries rose about 5%.
ASML posted record Q3 sales and raised its outlook. Netflix is cutting about 6% of its workforce. Rocket Lab pushed Neutron to 2027.
Full story: The AI Boom Has a Debt Problem. TSMC’s Record Quarter Didn’t Fix It.
🃏 TCG
Mega Evolution: Delta Reign (ME06) releases November 6, and presale booster boxes already sit at $247.01 against a $161.64 MSRP (+53%), per TCGplayer market via TCGCSV.
The Elite Trainer Box trades at $119.28 vs. $49.99 MSRP. The Pokémon Center ETB is at $454.68 vs. $59.99.
Per pack, the box works out to $6.86, the bundle $12.03 and the ETB $13.25. The smallest markup is the cheapest way to open the set.
The Kyogre Illustration Rare is an ETB promo, not a pack pull. That’s most of the ETB premium.
Build & Battle Boxes hit select Play! Pokémon stores October 24 for prereleases. A $25 to $35 prerelease seat beats the $69.93 presale price on the same box.
November 6 is crowded: 30th Celebration Ultra-Premium Collections sit at $675.12 [Night] and $561.28 [Day] presale.
No pull rates or Collectrics rip value exist yet. Anyone quoting expected value is guessing.
Full story: Delta Reign Boxes Are Already Trading 53% Over MSRP, Three Weeks Before Release
Stay sharp. Signal over noise. — The Bandicoots 🔥