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Trump told the UN he has a choice to make on Iran. Cut a deal, or “annihilate the Islamic Republic.” He also said the deal arrives after the midterms. BBG
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WTI slipped under $90, a sixth straight losing session. Trump called the meeting with Iranian envoys “very good.” Saudi Arabia’s East-West pipeline is pumping again too. Reuters
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Richmond Fed’s Barkin said inflation risks now outweigh employment risks. The Fed hiked to 3.75%–4.00% last week on a 12-0 vote. Futures put about 48% odds on another hike by year-end. Fox
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The Nasdaq closed at a record 27,244.28, up 0.45%. It was the first record close since June, led by AI names. The Dow fell 0.36% on the same day. CNBC
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Gold fell about 1% to $4,319 an ounce. China’s 2026 gold imports have already passed the full 2025 total. Down 7% on the month, still up 15% on the year. Reuters
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The 10-year Treasury yield held at 4.96%, near 19-year highs. Oil has fallen six sessions and the bond market has not moved. CNBC
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Trump signed a trilateral security deal with Denmark and Greenland. The US will open two Arctic bases, including a reopened Cold War site at Narsarsuaq. Copenhagen says sovereignty did not change hands. AP
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A federal appeals panel sided with Missouri Republicans on the state’s midterm map. The judges asked the Supreme Court to review it within a week. The election is six weeks out. AP
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Russia sent 212 drones and four cruise missiles into Ukraine overnight. Three died in Dnipro and roughly 100,000 lost power near Chernihiv. Zelenskyy was in New York for the UN when it landed. AJ
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Xi Jinping landed in Washington. Talks start Thursday with Taiwan arms sales at the top of Beijing’s list. China offered to lean on Iran in exchange. Reuters
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