Vice principal killed in attack at Mexican school; twin brothers suspected of copycat crime
Published ・ Source Taiwan | 公視新聞
A middle school in Torreón, Coahuila, Mexico, was attacked with knives and improvised explosives, leaving the vice principal dead. Police arrested twin brothers who had followed overseas social media accounts about school violence and are suspected of carrying out a copycat attack. The incident prompted Mexican President Claudia Sheinbaum to criticize social media platforms for failing to do enough. She announced that the government would intervene and require digital platforms to remove content inciting violence, while the security minister is expected to draft a presidential decree next week to strengthen regulations.
Facts
two twin brothers who previously attended the school
Entered the school with a knife and improvised explosives on the 1st
Changhua's second locally transmitted dengue case; disinfection chemicals drift into homes, making residents feel unwell
Published ・ Source Taiwan | 公視新聞
During large-scale dengue disinfection in Changhua City, thermal fogging chemicals drifted into homes in the wind, causing residents to experience symptoms including coughing, throat discomfort and chest pain. The Environmental Protection Bureau and Health Bureau have stepped up public awareness efforts and disinfection at locations such as drains and vacant lots.
Firefighter injured when a person fell onto an air cushion being set up; both taken to hospital conscious
Published ・ Source Taiwan | 公視新聞
A 17-year-old girl fell from a building in Kaohsiung's Lingya District early on the 3rd. She landed outside an inflatable rescue cushion and injured a firefighter who was setting it up. Both were taken to hospital conscious and in good condition. The city government said the on-site procedures were followed correctly.
Hassett defends U.S. September nonfarm payrolls, says Strait of Hormuz is open and previews new energy measures next week
Published ・ Source Taiwan | 鉅亨網
Hassett, director of the White House National Economic Council, defended the September nonfarm payrolls data, saying job growth was in line with expectations and that policies were working. He announced that the Strait of Hormuz had reopened, restoring crude oil shipments, and previewed more energy measures next week. He also stressed the administration's commitment to reducing the budget deficit.
Facts
U.S. nonfarm payrolls rose by just 29,000 in September, far below the market forecast of 90,000.
The unemployment rate rose to 4.2% from 4.1% in August.
Hassett revealed that the U.S. Navy had opened the Strait of Hormuz and crude oil shipments had returned to normal.
Hassett previewed more White House announcements on energy next week.
Hassett admitted that interest payments have reached an unacceptably high level.
Does the September nonfarm payrolls report end expectations for an October rate hike? Fed whisperer: policy stance unchanged, September CPI is key
Published ・ Source Taiwan | 鉅亨網
U.S. September nonfarm payrolls increased by just 29,000, far below expectations, while the unemployment rate rose to 4.2%, cooling market expectations of a Fed rate hike in October sharply to 20%. The Fed whisperer and Wall Street firms broadly expect 聯準會 to leave interest rates unchanged this month. The subsequent policy path will depend on the September CPI data due out on October 14.
Facts
U.S. September nonfarm payrolls increased by just 29,000, far below the market expectation of about 90,000.
The U.S. unemployment rate rose to 4.2% in September, above the market expectation that it would remain at August's 4.1%.
華爾街日報 reporter Nick Timiraos noted that 聯準會 officials had signaled this week that an October rate hike was not the base-case scenario.
According to interest-rate swap market data, traders' bets on an October rate hike fell from nearly 30% before the release to about 20%.
Jefferies chief U.S. economist Tom Simons said the jobs report should be enough to rule out the possibility of an October rate hike.
The 2-year U.S. Treasury yield briefly fell about 10 basis points after the nonfarm payrolls data was released.
Lindsay Rosner, head of fixed-income investing at 高盛 (Goldman Sachs) Asset Management, believes 聯準會 could still act in October if market stress continues to intensify or energy prices rise.
Companies mentioned：美國勞工統計局、聯準會、華爾街日報、Jefferies、高盛、Vanguard、路透、法國外貿銀行、PenderFund Capital Management、Integrated Partners、Wells Fargo Investment Institute、American Century Investments、eToro、Edward Jones
Investor Bill Ackman: AI sharply raises the risk of business disruption; here's how he is positioning
Published ・ Source Taiwan | 鉅亨網
Investor Bill Ackman said AI sharply raises the risk of business disruption, stressing that investment assessments should take long-term viability into account. He is bullish on Meta's Muse AI agent and physical infrastructure operator Brookfield, and noted that Pershing Square has applied AI to investment research.
Facts
When assessing an investment, Ackman asks whether he would still be willing to own shares in the company if the stock market were closed for 10 years.
Ackman believes AI has sharply raised the risk of businesses being disrupted.
Pershing Square has used AI for investment research.
Ackman sees physical infrastructure operator Brookfield as a winner in the AI boom.
Ackman has invested in technology giants including 微軟, Meta and 亞馬遜.
Meta recently launched the Muse AI agent.
Ackman believes AI will give people who were not previously entrepreneurs the opportunity to become entrepreneurs.
Bloomberg: U.S. and Japan to deploy anti-ship missile system on Yonaguni Island, just 110 kilometers from Taiwan
Published ・ Source Taiwan | 鉅亨網
Bloomberg reported that the U.S. military will deploy the NMESIS anti-ship missile system on Yonaguni Island, 110 kilometers from Taiwan, for the first time during this month's Sword exercise. The system's range covers Taiwan, prompting strong dissatisfaction and diplomatic protests from China, which accused Japan of strengthening its deployment of offensive weapons and threatening regional security.
Facts
The U.S. military will deploy its latest anti-ship missile launcher, NMESIS, on Yonaguni Island in Okinawa Prefecture, Japan's westernmost point, during the U.S.-Japan joint Sword military exercise held this month.
Yonaguni Island lies 110 kilometers east of Taiwan and is Japan's outlying island closest to Taiwan.
NMESIS has a strike range of 185 kilometers, meaning its missiles can reach Taiwan.
This year's Sword exercise will take place at locations across Japan's southern island chain from October 19 to 29.
Chinese Foreign Ministry spokesperson Guo Jiakun said Beijing was highly concerned about the developments.
U.S. stocks are going overnight! A 23-hour trading era begins in December
Published ・ Source Taiwan | 鉅亨網
The 4 major U.S. stock exchanges will extend trading hours to 23 hours a day starting December 6, seeking to counter competition from cryptocurrency and attract overseas investors. Despite growing demand for overnight trading, institutional investors remain cautious over liquidity and cost concerns. Retail and overseas investors currently dominate overnight trading.
Facts
The 4 major exchanges, including 那斯達克 (Nasdaq) and Arca, a unit of 紐約證券交易所, will extend trading hours starting December 6.
U.S. stocks are moving toward a trading model of 23 hours a day, 5 days a week.
美國證券交易委員會 data show that overnight trading volume is currently growing at an annual rate of 358%.
Overnight trading volume currently accounts for only about 1% of total U.S. stock trading volume.
In the second quarter of this year, overseas investors accounted for 37% of total overnight trading volume.
In August this year, just 15 stocks accounted for half of total overnight trading volume.
美國證券存託與清算公司 (DTCC) switched to a “24x5” operating model in June this year, running 24 hours a day, 5 days a week.
U.S. Treasuries languish for five years as investors turn to “three major alternative assets” for hedging
Published ・ Source Taiwan | 鉅亨網
With U.S. Treasuries languishing for five years, investors are turning to alternative assets such as managed futures, equity derivative income ETFs, and gold and bitcoin to hedge against bond market pressures and expectations of Federal Reserve rate hikes.
Facts
U.S. Treasuries languish for five years as elevated yields weigh on prices of older bonds
Managed futures strategies have very low correlations with traditional stocks and long-term bonds
The iMGP DBi Managed Futures Strategy ETF rose 12.8% in 2022, bucking the trend
Equity derivative income ETFs primarily generate regular income through covered calls
IBIT attracted about $2.7 billion in net inflows over the past month, while GLD drew about $1.4 billion
Companies mentioned：Baird Strategas、FactSet、摩根大通、Howard Capital Management、iShares、SPDR