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The milestone could please President Donald Trump, who has called for Apple to do more manufacturing on U.S. shores.

Less than a month after reaching a carriage agreement with NBCUniversal, YouTube TV is at risk of losing access to Disney’s networks, including ABC and ESPN.

• Major indices move higher led by the NASDAQ index
• Crude oil futures settle at $61.79
• More from the White House: Meeting with Putin not completely off the table
• White House: Trump to meet with Japan, China and So. Korea leaders next week
• NYT: US to begin investigation into China compliance with 2020 trade deal
• U.S. Treasury sells $26 billion a 5 year TIPS at a high yield of 1.182%
• European indices close higher. US stocks trading near highs.
• Freddie Mac 30 year mortgage rate average is 6.19% in the current week:
• Yahoo Finance: Not so fast on Trump administration investment in quantum stocks.
• Russia’s Putin: Russia wants to continue dialogue toward peace
• Kansas City Fed manufacturing index for October 15 versus 4 last month
• Canada PM Carney: We will protect our workers if we don’t make progress on talks with US
• US existing home sales 4.06 million versus 4.06 million estimate
• Kuwait oil minister: OPEC ready to offset any shortage in the market by rolling back cuts
• Trump: Looks to raise the tariff rate quota for Argentina beef to lower the prices
• Canada retail sales for August 1.0% versus 1.0% estimate
• investingLive European FX markets wrap: Dollar steady, oil extends rebound on the week

The dollar moved mostly lower with the USDJPY and GBPUSD the exception. The USD moved higher vs the JPY by 0.39% and the GBP by 0.27%. The greenback was the weakest vs the AUD (see post here) after reversing the bias in the US session on risk-on flows .

For the USDJPY it move up in the Asian Pacific session and held onto the gains above a key swing level at 152.11. The high from October remains a key target at 153.269.

The GBPUSD is trading below a swing area between 1.3323 to 1.3341 but fell 5 pips short of the low from yesterday and the week at 1.33049 by about 4 pips. Get below that level in the new trading day, would be an open door to lower levels.

The US stocks moved higher today as stocks were buoyed by risk on flows and gains in quantum stocks (rumors of government support).

• Dow rose 0.31%
• S&P rose 0.58%
• Nasdaq rose 0.89%.

The small cap Russell 2000 was the best performer with a gain of 1.27%.

The quantum stocks saw strong gains despite the WH denying that they were looking to invest in the industry now.

• D-Wave Quantum, up 13.78%
• Rigetti computing +9.82%
• Iong Inc, up 7.07%
• Quantum computing was at 7.20%

US yields moved higher with the 10 year yield moving back above 4.00%.

• 2 year yield rose 4.7 basis point to 3.490%
• 5 year yield rose 5.4 basis points to 3.609%
• 10 year yield rose 5.0 basis point to 4.002%
• 30 year yield rose 4.3 basis points to 4.581%.

Tomorrow the US government will make a special exception given the government shutdown, when they release the US CPI data at 8:30 AM ET. The expectation is for 0.4% for the core measure in 0.3% for the headline number.

Gold rose by $27 or 0.66% at $4125. Crude oil surged after the decision to increase researchers against Russian oil companies. The price is trading up $3.27 at $61.71 ( see post here) .

Bitcoin is higher by about $2000 on the day at $109,553.

This article was written by Greg Michalowski at investinglive.com.

• Major indices move higher led by the NASDAQ index
• Crude oil futures settle at $61.79
• More from the White House: Meeting with Putin not completely off the table
• White House: Trump to meet with Japan, China and So. Korea leaders next week
• NYT: US to begin investigation into China compliance with 2020 trade deal
• U.S. Treasury sells $26 billion a 5 year TIPS at a high yield of 1.182%
• European indices close higher. US stocks trading near highs.
• Freddie Mac 30 year mortgage rate average is 6.19% in the current week:
• Yahoo Finance: Not so fast on Trump administration investment in quantum stocks.
• Russia’s Putin: Russia wants to continue dialogue toward peace
• Kansas City Fed manufacturing index for October 15 versus 4 last month
• Canada PM Carney: We will protect our workers if we don’t make progress on talks with US
• US existing home sales 4.06 million versus 4.06 million estimate
• Kuwait oil minister: OPEC ready to offset any shortage in the market by rolling back cuts
• Trump: Looks to raise the tariff rate quota for Argentina beef to lower the prices
• Canada retail sales for August 1.0% versus 1.0% estimate
• investingLive European FX markets wrap: Dollar steady, oil extends rebound on the week

The dollar moved mostly lower with the USDJPY and GBPUSD the exception. The USD moved higher vs the JPY by 0.39% and the GBP by 0.27%. The greenback was the weakest vs the AUD (see post here) after reversing the bias in the US session on risk-on flows .

For the USDJPY it move up in the Asian Pacific session and held onto the gains above a key swing level at 152.11. The high from October remains a key target at 153.269.

The GBPUSD is trading below a swing area between 1.3323 to 1.3341 but fell 5 pips short of the low from yesterday and the week at 1.33049 by about 4 pips. Get below that level in the new trading day, would be an open door to lower levels.

The US stocks moved higher today as stocks were buoyed by risk on flows and gains in quantum stocks (rumors of government support).

• Dow rose 0.31%
• S&P rose 0.58%
• Nasdaq rose 0.89%.

The small cap Russell 2000 was the best performer with a gain of 1.27%.

The quantum stocks saw strong gains despite the WH denying that they were looking to invest in the industry now.

• D-Wave Quantum, up 13.78%
• Rigetti computing +9.82%
• Iong Inc, up 7.07%
• Quantum computing was at 7.20%

US yields moved higher with the 10 year yield moving back above 4.00%.

• 2 year yield rose 4.7 basis point to 3.490%
• 5 year yield rose 5.4 basis points to 3.609%
• 10 year yield rose 5.0 basis point to 4.002%
• 30 year yield rose 4.3 basis points to 4.581%.

Tomorrow the US government will make a special exception given the government shutdown, when they release the US CPI data at 8:30 AM ET. The expectation is for 0.4% for the core measure in 0.3% for the headline number.

Gold rose by $27 or 0.66% at $4125. Crude oil surged after the decision to increase researchers against Russian oil companies. The price is trading up $3.27 at $61.71 ( see post here) .

Bitcoin is higher by about $2000 on the day at $109,553.

This article was written by Greg Michalowski at investinglive.com.

High-level trade negotiations between China and the United States are scheduled to begin in Malaysia today, Friday, October 24, 2025, marking the fifth round of such talks.

The discussions will involve China’s Vice-Premier He Lifeng, alongside US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer.

The primary purpose of the meeting is to consult on key bilateral economic and trade issues.

Talks are also intended to set the stage for a potential meeting between Chinese President Xi Jinping and US President Donald Trump at the upcoming APEC summit, which will be held from October 31 to November 1, 2025.

—

The market impact will likely be one of “watchful waiting,” with initial cautious optimism reducing immediate volatility.

Investors will be sensitive to the tone of the negotiations; positive signals or progress on key issues could boost global equities, emerging market currencies, and commodities tied to global growth.

Conversely, any reports of deadlock or fresh disagreements could quickly sour sentiment, triggering a ‘risk-off’ move into safe-haven assets.

Sectors highly exposed to bilateral tariffs, such as technology, manufacturing, and agriculture, will experience the most volatility as traders speculate on the outcomes.

This article was written by Eamonn Sheridan at investinglive.com.

High-level trade negotiations between China and the United States are scheduled to begin in Malaysia today, Friday, October 24, 2025, marking the fifth round of such talks.

The discussions will involve China’s Vice-Premier He Lifeng, alongside US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer.

The primary purpose of the meeting is to consult on key bilateral economic and trade issues.

Talks are also intended to set the stage for a potential meeting between Chinese President Xi Jinping and US President Donald Trump at the upcoming APEC summit, which will be held from October 31 to November 1, 2025.

—

The market impact will likely be one of “watchful waiting,” with initial cautious optimism reducing immediate volatility.

Investors will be sensitive to the tone of the negotiations; positive signals or progress on key issues could boost global equities, emerging market currencies, and commodities tied to global growth.

Conversely, any reports of deadlock or fresh disagreements could quickly sour sentiment, triggering a ‘risk-off’ move into safe-haven assets.

Sectors highly exposed to bilateral tariffs, such as technology, manufacturing, and agriculture, will experience the most volatility as traders speculate on the outcomes.

This article was written by Eamonn Sheridan at investinglive.com.

Rivian and other EV manufacturers are facing a more challenging market than they did in recent years amid changing regulations under the Trump administration.

While Google is powering Anthropic’s next phase of compute expansion, Amazon remains its most deeply embedded partner.

more to come

We had the Tokyo area CPI data for September ahead of this national data:

• Softer-than-expected Tokyo CPI

Japanese politics continues to drive movements in financial markets in Japan, along with global developments. While inflation in Japan remains above the BOJ target according the the measures we’ll receive today, its only one input for the Bank of Japan right now.

Also on the agenda is a speech from Governor Michele Bullock. The Reserve Bank of Australia is on a restrained rate cut cycle. Next week’s CPI release (29 October) will be key.

This article was written by Eamonn Sheridan at investinglive.com.

more to come

We had the Tokyo area CPI data for September ahead of this national data:

• Softer-than-expected Tokyo CPI

Japanese politics continues to drive movements in financial markets in Japan, along with global developments. While inflation in Japan remains above the BOJ target according the the measures we’ll receive today, its only one input for the Bank of Japan right now.

Also on the agenda is a speech from Governor Michele Bullock. The Reserve Bank of Australia is on a restrained rate cut cycle. Next week’s CPI release (29 October) will be key.

This article was written by Eamonn Sheridan at investinglive.com.