Good morning investors! BTC hit a new all time high over the weekend.
Today we cover:
What to expect this week
Good news for farmers?
BTC hits a new high
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Reminder: Apple just got downgraded by one top house that sees 20% downside. Check our coverage here with more, including top names to buy this month.
📊 Economy and News
What to keep an eye on this week
Here’s all you need to look out for this week:
Monday, October 6
Earnings: Constellation Brands (STZ)
Corporate Events: OpenAI DevDay conference
Market Note: Government shutdown may delay U.S. trade deficit data.
Tuesday, October 7
Economic Data: Consumer credit (August)
Fed Speakers: Raphael Bostic, Michelle Bowman, Stephen Miran, Neel Kashkari
Corporate Events: Amazon Prime Big Deal Days begin
Earnings: McCormick (MKC)
Wednesday, October 8
Economic Data: FOMC September meeting minutes
Fed Speakers: Neel Kashkari, Michael Barr, Alberto Musalem
Earnings: AZZ (AZZ), Bassett Furniture (BSET)
Thursday, October 9
Fed Speakers: Jerome Powell, Scott Bessent, Michelle Bowman, Michael Barr at Fed’s Community Bank Conference
Data Delayed: Initial jobless claims, wholesale inventories (August)
Earnings: PepsiCo (PEP), Delta Air Lines (DAL), Levi Strauss (LEVI), Applied Digital (APLD), Tilray Brands (TLRY), Helen of Troy (HELE)
Friday, October 10
Economic Data: Consumer sentiment (preliminary, October)
Data in Question: U.S. federal budget (September)
Fed Speakers: Austan Goolsbee, Alberto Musalem
Global hits:
Right-wing Sanae Takaichi set to be Japan’s first female premier.
‘There will start to be layoffs’ if Trump decides shutdown talks have stalled, Hassett says.
South Asia's growth is projected at 5.9% in 2025, edging up to 6% in 2026.
Oil supply: OPEC+ will raise oil output in November by 137,000 barrels per day, opting for the same fairly modest monthly increase as in October amid persistent worries over a looming supply glut. The group has increased its oil output targets by more than 2.7 million bpd this year, equating to about 2.5% of global demand. Oil prices settled higher on Friday but posted a weekly loss of 8.1% after news of potential increases to OPEC+ supply.
Reminder: A portrait of President Donald Trump may be featured on a commemorative $1 coin issued by the United States Mint in honor of America’s 250th birthday in 2026.
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📈 Stocks
S&P 500 6,715.79 (+0.0066%)
DJIA 46,758.28 (+0.51%)
NASDAQ 22,780.51 (-0.28%)
BRENT CRUDE 64.54 (-0.23%)
* Prices as of Oct 6th, 12:20 AM UTC
Trump Proposes Farmer Bailout Amid Trade-war Struggles
American farmers face a tough year due to President Trump’s trade war, prompting the White House to consider a $10-$14 billion bailout.
Rising costs, foreign tariffs, labor shortages, and falling commodity prices have hit agriculture hard, with farm bankruptcies at their highest since 2021. Soybeans, a $24 billion export, are particularly affected, with China halting purchases due to 20% tariffs.
The administration is exploring two relief options: sharing tariff revenue with farmers or using the USDA’s Emergency Commodity Assistance Program, which provided $10 billion in 2024.
Discussions involve the Agriculture and Treasury Departments, with Trump emphasizing support for farmers, citing national security. Agriculture Secretary Brooke Rollins called tariff revenue sharing “an elegant solution.” Meanwhile, farmers urge swift action as harvest season highlights ongoing trade and labor challenges.
Check here: Users are posting AI-generated videos of popular brands and animated characters on OpenAI’s new Sora app, leading to potential lawsuits.
🔐 Crypto
Bitcoin $122,657 (+0.17%)
Ether $4,500 (+0.24%)
Solana $227 (+0.01%)
Total market cap $4.21T (+0.1%)
* Prices as of Oct 6th, 12:20 AM UTC
Bitcoin Soars to Record High Above $125,000
Bitcoin has reached a new milestone, surging to an all-time high of $125,400, surpassing its previous August peak of $124,480. This rally has propelled its market capitalization to $2.45 trillion, placing it among the largest companies in the S&P 500.
The cryptocurrency has climbed 50% from its early 2025 lows, with trading volumes increasing since late September, signaling robust market activity.
Analysts attribute this rise to the "debasement trade," where investors turn to bitcoin and gold as hedges against geopolitical uncertainty, high government debt, and a weakening U.S. dollar.
The crypto industry’s growing mainstream acceptance, marked by new ETFs and crypto treasury stocks, further supports bitcoin’s momentum.
💵 Personal Finance
Trump’s Tax Changes to Affect 2025 Charitable Giving
Trump’s tax legislation introduces changes impacting year-end charitable giving starting in 2026. A new tax break for non-itemizers offers up to $1,000 for single filers and $2,000 for married couples. However, high earners face a reduced charitable deduction, limited by a 0.5% adjusted gross income floor and capped at 35% for those in the 37% tax bracket.
U.S. charitable giving reached $392.45 billion in 2024, up 5% from the prior year. Experts suggest delaying smaller gifts to 2026 for non-itemizers to maximize benefits and accelerating donations in 2025 for high earners, possibly via donor-advised funds to “bunch” deductions.
💰 Be a Better Investor
There are 3 eras of currency: Commodity based, politically based, and now, math-based.
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👩🏽⚖️ Legal Stuff
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