Welcome to Staten News — where a record quarter gets punished, a presale premium gets cut in a weekend, and the Brewers turn a four-run hole into a 2-0 series lead.
One thread ran through all four desks this week: good numbers stopped being enough. Wall Street wanted to know who pays for the AI buildout. Collectors wanted to know why they should pay presale prices when prereleases just opened. Apple decided the new selling point is a screen, not a chip.
💰 Finance
Lam Research posted $8.22 billion in revenue, up 22% from June, and still fell 12.82% on the week after guiding to $8.2 billion to $9.0 billion for the December quarter
Meta pushed 2026 capex to $135 billion to $145 billion, posted negative free cash flow of $2.12 billion, and finished the week down 9.40%
Zscaler led the board, up 23.04%, on price target hikes after its Investor Day and a security rally that also lifted CrowdStrike 13.27%
The S&P 500 closed at 7,623.68, down 0.47%, while Brent settled at $116.72, its highest since April 29
The Fed decides Wednesday at 2 p.m. ET, with futures pricing about a 5% chance of a hike now and roughly 80% for December
Our calls for the week: Microsoft (MSFT) as the predicted gainer when it reports Wednesday, Amazon (AMZN) as the predicted loser when it reports Thursday
Full story: Lam Research Beat and Still Lost 13%
🏟️ Sports
The Brewers lead the World Series 2-0 after winning Game 1 3-2 and Game 2 5-4
In Game 2, Milwaukee erased a 4-0 first inning on Sal Frelick's game-tying homer in the sixth and Cooper Pratt's go-ahead single in the seventh
Game 3 is tonight in St. Petersburg at 8 p.m. ET on FOX
The Knicks fell to 0-3 after Franz Wagner scored 21 of his 23 points in the fourth quarter of Orlando's 111-102 win, making New York the first defending champ to start 0-3 since the 2011-12 Mavericks
J.J. McCarthy won his first Giants start, 27-21 in overtime at Houston, with Cam Skattebo running for a career-high 124 yards
The Jets lost 28-25 at home to a Dolphins team that hadn't won all season and dropped to 2-5
Full story: The Brewers Are Two Wins From a Title
💻 Tech
Apple's "Pro and Tell" drop hits Wednesday in Los Angeles, and Bloomberg expects the first touchscreen MacBook Pro
The OLED MacBook Pro is expected to keep the M5 Pro and M5 Max chips, with Apple reportedly skipping M6 Pro and M6 Max
An M6 entry-level MacBook Pro, an M6 iMac and an OLED iPad mini are also expected, with availability as soon as November 6
Elon Musk said SpaceX and Tesla boards formed special committees to discuss a merger, and called a deal far from certain
In Wisconsin, more than three-quarters of voters told the Marquette poll that data centers cost more than they're worth, up from 55% a year earlier
Full story: Apple's Touchscreen Mac Is Expected Wednesday
🃏 TCG
Delta Reign's Build & Battle Box fell 23.0% from Friday to Monday, from $68.24 to $52.53
The Pokémon Center Delta Reign ETB dropped from $353 to $295, and the Booster Bundle from $65.38 to $55.83
The Delta Reign booster box held flat at $237.61, about $6.60 a pack
Deoxys ex (Attack Forme) from EX Deoxys led all Pokémon cards for the week, up 27.3% to $400, per TCGIndex
The Mew Figure Collection was the only November 6 product to climb, up 7.5% to $167.48
Delta Reign and the 30th Celebration wave both land November 6, eleven days out
Full story: Delta Reign's Build & Battle Box Lost 23%
Wednesday is the pressure point for everyone. Apple, Microsoft, Alphabet and the Fed all land on the same day, and the Brewers could be a win from the title by then.
This is not financial advice. Always do your own research.
Stay sharp. Signal over noise. — The Bandicoots 🔥