CHINA 3Q GDP GROWS 4.5% Y/Y; EST. +4.4% *CHINA SEPT. RETAIL SALES RISE 1.1% Y/Y; EST. +0.5% *CHINA SEPT. INDUSTRIAL OUTPUT RISES 5.5% Y/Y; EST. +5.5% *CHINA JAN.-SEPT. FIXED INVESTMENT FALLS 7.2% Y/Y; EST. -7.3%

BREAKING: Starlink Router 4 is official. Starlink has added its next-generation Wi-Fi 7 router to its support pages, calling it the company’s “best-performing router yet.” Major upgrades over Router 3: • Wi-Fi 7 instead of Wi-Fi 6 • Faster peak speeds and device connections • Better performance in congested environments • Up to 3,500 sq. ft. of coverage, up from 3,200 sq. ft. • Connects up to 510 devices, more than double Router 3’s 235-device limit • Upgraded 4×5 radio on 5 GHz, compared with 4×4 • WPA3 security • Tri-band 2.4 GHz and 5 GHz radios for improved mesh performance • MU-MIMO and OFDMA • Two Ethernet ports, one WAN and one LAN • Power over Ethernet through a Dual PoE power supply • IP56 water resistance, LED status light and factory-reset button Router 4 can also lead a Starlink mesh network, with Router Mini, Router 3 and Router 2 joining as mesh nodes. With the official support documentation now live, a public launch could be coming very soon.

Breaking: Leopold Aschenbrenner's former positions are all spiking today • SanDisk $SNDK: +6.5% • SharonAI $SHAZ: +6.0% • Nebius $NBIS: +4.8% • Riot Platforms $RIOT: +4.5% • CoreWeave $CRWV: +4.4% • Iris Energy $IREN: +3.6% If he didn't use leverage, he'd be next Buffett

HERE'S WHAT THE 🇺🇸 STOCK MARKET LOOKED LIKE TODAY Up: - Palo Alto $PANW +4.6% - CrowdStrike $CRWD +2.8% - Intuitive Surgical $ISRG +2.4% - Hilton $HLT +2.0% - Procter & Gamble $PG +1.9% - Philip Morris $PM +1.8% - Nvidia $NVDA +1.7% - Fortinet $FTNT +1.7% Down: - Qualcomm $QCOM -7.2% - Boeing $BA -6.9% - Intel $INTC -5.7% - Meta $META -4.8% - Regeneron $REGN -4.5% - Newmont $NEM -4.4% - Tesla $TSLA -3.9% - AMD $AMD -3.6% Qualcomm gave back all of Friday's +4.0% and then some. Meta fell for a second straight day after Thursday's +4.5%. Cybersecurity went from the worst group in the market on Friday to the best today.

HERE'S WHAT THE 🇺🇸 STOCK MARKET LOOKED LIKE TODAY Up: Chipotle $CMG +6.1% Accenture $ACN +6.0% Marathon Petroleum $MPC +4.8% Valero $VLO +4.5% Philip Morris $PM +4.1% Lowe's $LOW +4.0% PepsiCo $PEP +3.7% Phillips 66 $PSX +3.7% Down: Corning $GLW -6.4% Bloom Energy $BE -6.4% Oracle $ORCL -5.6% Intel $INTC -5.3% Vistra $VST -5.3% Sandisk $SNDK -4.9% Constellation Energy $CEG -4.9% Micron $MU -4.8% Chips led the market lower, with Broadcom $AVGO down 4.4%, AMD $AMD down 3.9% and Nvidia $NVDA down 2.9%. AI power names reversed too, as Vistra, Constellation Energy and Bloom Energy gave back recent gains, and Micron erased Wednesday's 4.1% jump. Energy was the best sector, with all 10 names finishing higher, led by refiners Marathon Petroleum and Valero. Consumer staples rallied as well behind Philip Morris and PepsiCo.

US JOLTS Job Openings Jul: 7.271M (est 7.313M; prev 7.359M; prev R 7.182M) - Job Openings Rate: 4.4% (est 4.5%; prev 4.4%%; prev R 4.3%) - Quits Level: 3.056M (est 3.208M; prev 3.232M; prev R 3.213M) - Quits Rate: 1.9% (est 2.0%; prev 2.0%) - Layoffs Level: 1.666M (est 1.768M; prev 1.766M; prev R 1.785M) - Layoffs Rate: 1.0% (est 1.1%; prev 1.1%)