TRUMP INVOKES DEFENSE PRODUCTION ACT FOR PETROLEUM CAPACITY, SENDS DEFSEC HEGSETH MEMO ON DEFENSE PRODUCTION ACT AND OIL

COCA-COLA SAYS DENTSU CONTINUES AS ITS MEDIA PARTNER IN JAPAN AND SOUTH KOREA, WPP OPEN X CONTINUES AS ITS GLOBAL CREATIVE PARTNER, AND THE NEW MARKETING STRUCTURE WILL BE IMPLEMENTED IN PHASES BEGINNING DECEMBER 1

COCA-COLA COMPANY SAYS IT HAS SELECTED AGENCY PARTNERS TO ACCELERATE THE FUTURE OF MARKETING, RETAINING WPP OPEN X AS ITS GLOBAL MEDIA PARTNER EXCEPT IN NORTH AMERICA, JAPAN AND SOUTH KOREA, AND SELECTING OMNICOM AS ITS MEDIA PARTNER IN NORTH AMERICA

SIXTEEN PEOPLE WERE KILLED AND 32 INJURED AFTER A 7.0-MAGNITUDE QUAKE HIT CHINA’S XIZANG, WITH 11 OF THE INJURED IN SERIOUS CONDITION AND 21 SUSTAINING MINOR INJURIES AS OF 2:25 A.M. FRIDAY - XINHUA

FITCH HAS REVISED ITS 2027 SECTOR OUTLOOK FOR AIRCRAFT LESSORS TO DETERIORATING BUT EXPECTS LESSORS’ CREDIT PROFILES TO REMAIN RESILIENT DESPITE MACRO RISKS, ADDING THAT SUSTAINED HIGH FUEL PRICES, AIRSPACE DISRUPTION AND HIGHER BORROWING COSTS COULD WEAKEN AIRLINE CREDIT PROFILES

GLOBAL STOCKS SLUMPED AS AI SPENDING CONCERNS TRIGGERED A TECH SELLOFF, WITH THE S&P 500 DOWN 1.2%, NASDAQ 100 FALLING 2.9% AND SEMICONDUCTORS DROPPING 6.7%; DEADLY ATTACKS IN SAUDI ARABIA PUSHED BRENT ABOVE $113/BARREL, RAISING SUPPLY DISRUPTION FEARS.

TRUMP, ASKED ON CALLING MUSK, SAYS HE DOES NOT WANT TO SAY BUT THAT HIS RELATIONSHIP WITH MUSK IS A GOOD ONE, ADDING ON RUSSIA AND UKRAINE THAT “WE’LL SEE HOW IT WORKS OUT”

A SPACEX DEBT DEAL IS BEING LED BY APOLLO AND GOLDMAN SACHS, WITH SPACEX’S LOWER-RATED DEBT TO PRICE AT ABOUT 8.3% - SEMAFOR

U.S. CDC WILL IMPOSE EBOLA ATTESTATION REQUIREMENTS FOR ALL AIRLINE PASSENGERS DEPARTING FOREIGN COUNTRIES FOR THE U.S. EFFECTIVE NOVEMBER 3, WITH U.S.-BOUND PASSENGERS REQUIRED TO COMPLETE DIGITAL OR PAPER ATTESTATIONS THAT THEY HAVE NOT BEEN IN THE DEMOCRATIC REPUBLIC OF THE CONGO WITHIN THE PRIOR 21 DAYS

NEWMONT Q3 ATTRIBUTABLE GOLD PRODUCTION 1.30 MLN OZ, WITH THE COMPANY ADVANCING THE RED CHRIS BLOCK CAVE TOWARDS A FULL-FUNDS INVESTMENT DECISION IN EARLY 2027

NEWMONT Q3 2026 REVENUE $6.36 BLN, ABOVE ESTIMATE OF $6.28 BLN, WITH ADJUSTED EPS $2.20, ABOVE ESTIMATE OF $2.08, AND ADJUSTED NET INCOME $2.31 BLN

WESTERN DIGITAL SEES Q2 REVENUE $5.0 BLN TO $5.2 BLN, Q2 ADJUSTED EPS $5.60 TO $6.00 AND Q2 OPERATING EXPENSES $400 MLN TO $410 MLN

WESTERN DIGITAL Q1 2027 NET REVENUE $4.38 BLN, ABOVE ESTIMATE OF $4.15 BLN, WITH ADJUSTED EPS $4.64, WELL ABOVE ESTIMATE OF $4.10

NASDAQ POSTS BIGGEST DAILY PERCENTAGE DROP SINCE JUNE 5

DOW JONES CLOSES 0.01% LOWER AT 52,853.21, DOWN 2.88 POINTS

S&P 500 CLOSES 1.24% LOWER AT 7,661.33, DOWN 95.84 POINTS

NASDAQ CLOSES 2.64% LOWER AT 25,999.35, DOWN 703.50 POINTS

DESPITE THE DIPLOMATIC OPENING, RUSSIAN STRIKES ON UKRAINE CONTINUED, KILLING TWO AND INJURING 34, WHILE CONCERNS PERSIST THAT MOSCOW’S PARTICIPATION MAY NOT LEAD TO A CEASEFIRE AND THAT US-RUSSIA NEGOTIATIONS COULD SIDELINE KYIV AND EUROPE.

RUSSIA AGREED TO RESUME TRILATERAL PEACE TALKS WITH UKRAINE, WITH TECHNICAL NEGOTIATIONS POSSIBLY TAKING PLACE IN ABU DHABI IN MID-NOVEMBER, AS US ENVOY STEVE WITKOFF ALSO SECURED THE RELEASE OF US DETAINEE STEPHEN HUBBARD AND DISCUSSED RUSSIAN DIESEL SHIPMENTS.

US TREASURY SECRETARY BESSENT AND PARAGUAY'S PENA DISCUSSED CRITICAL MINERALS - US TREASURY