\u201cI don\u2019t know why anybody would want to support the advancement of a technology that\u2019s going to result, you know, in the end of human civilization as we know it. And so, if they believe that, they really ought to stop working on it,\u201d he said.<\/span><\/p>\n How to Build 1,000 Next-Gen Leaders<\/span> | Fortune Daily<\/span><\/p>\n The Houthis\u2019 Saudi attacks are \u2018unprecedented.\u2019 Trump wants to \u2018ignore\u2019 them until the midterms, but the chaos may force U.S. to respond<\/span> – Jordan Blum<\/span><\/p>\n An early Anthropic backer predicts a post-IPO valuation of up to $2.4 trillion, topping SpaceX<\/span> – Shawn Tully<\/span><\/p>\n Chevron CEO warns oil buffers that cushioned the Iran war shock have been \u2018drained\u2019\u2014and diesel relief may not come until 2027<\/span> – Muskaan Arshad<\/span><\/p>\n Wall Street\u2019s earnings split: Goldman\u2019s $18.7 billion blowout quarter\u2014and why JPMorgan and BofA fell short<\/span> – Morgan Chittum<\/span><\/p>\n Aneel Bhusri on coming back to refound Workday: \u2018When AI showed up, all bets are off\u2019<\/span>– Alyson Shontell<\/span><\/p>\n As Social Security races toward insolvency, retirees are getting their biggest COLA boost in 4 years<\/span> – Nick Lichtenberg<\/span><\/p>\n It\u2019s not just billionaires fleeing Britain\u2014fed up with grey skies, crumbling healthcare and the tax bill, a record 69,300 workers have left the U.K.<\/span> – Orianna Rosa Royle<\/span><\/p>\n Traders decided they hate tech stocks in the last 24 hours, driving a global wave of selling. The tech-heavy South Korean KOSPI index fell 7.57% and at one point triggered a halt in trading. Nasdaq futures were down 1.03% this morning, signaling that the bloodletting may continue after the markets open in New York. CoreWeave lost 15.46% yesterday and sank a further 5.89% overnight; Oracle was down 8.83% and lost another 1.57% in post-market trading. Chipmakers suffered <\/span>declines across the board<\/span>.<\/span><\/p>\n Counterintuitively, much of the selling came despite some good news for the sector: Chipmaker TSMC reported Q3 earnings today that beat expectations and guided that its capex would increase over the next two years. In addition, Apple stock closed at a new record high, making it only the second company (after Nvidia) to reach <\/span>a $5 trillion market cap<\/span>. And <\/span>Anthropic reported that it was profitable<\/span> (on an adjusted basis) although its revenue growth ($17 billion in Q3) appears to be slower than previously estimated<\/span><\/p>\n The drama extended to the bond market, where investors couldn\u2019t decide whether the benchmark 10-year U.S. Treasury was a safe haven or offering a risk premium. The yield on the bond peaked at 5.32% before sinking back to 5.08% this morning\u2014a huge swing for the normally sedate asset.<\/span><\/p>\n Read more here<\/strong>.<\/p>\n <\/p>\n <\/span><\/p>\n 76% of Europeans are optimistic about their future, according to this chart from ING\u2019s Marieke Blom. The Danes and Slovenians are happiest of all, and although the French are the least optimistic, 62% of them are still happy about their future.\u00a0<\/span><\/p>\n That\u2019s counterintuitive, Blom believes, because news coverage of Europe tends to focus on its various dysfunctions. \u201cAn analysis of 35 years of Wall Street Journal articles shows that bad news generates far more follow-up stories than good news. In other words, bad news sticks,\u201d <\/span>she said in a recent blog<\/span>. \u201cOver those 35 years, a lot more attention has been devoted to bad news than to good.\u201d<\/span><\/p>\n And on that topic \u2026<\/span><\/p>\n The percentage of British people who now want to rejoin the E.U., according to polls tracked by James Moberly and Sven Jari Stehn at Goldman Sachs. They estimate that Brexit cost the U.K. 6% of its GDP so far.<\/span><\/p>\n The man who would lead McKinsey<\/span> – FT<\/span><\/p>\n U.S. Treasury yields plunge after hot CPI print as investors await more economic data<\/span> – CNBC<\/span><\/p>\n Ukraine’s Starlink restrictions raise suspicions of Musk, Trump retaliation<\/span> – Axios<\/span><\/p>\n Starlink Suspicions and a Frantic Warning: Inside Trump\u2019s Turn on Zelensky<\/span> – WSJ<\/span><\/p>\n Draghi Sees High Bar for ECB to Help France With Crisis Tool<\/span> – Bloomberg<\/span><\/p>\n Trump\u2019s New Press Secretary: Not-Quite Attorney at Law<\/span> – NYT<\/span><\/p>\n OpenAI claims ex-employee brought confidential docs about \u2018unreleased device\u2019 to Apple<\/span> – NY Post<\/span><\/p>\n It\u2019s hard to imagine, but before 1993, Americans didn\u2019t eat a lot of avocados. It only became legal to import a Mexican avocado to some states that year. Later, \u201cin 1997, the USDA allowed Mexican Hass avocados into 19 northeastern states, for part of the year. Year-round access to all 50 states began February 1, 2007,\u201d <\/span>according to Ron Campbell, a lobbyist for the Mexican Avocado Industrial Complex<\/span>.<\/span><\/p>\n American per-capita avocado consumption has increased sevenfold since the 1990s, he says, from 424 million pounds in 1998\/99 to 3.25 billion pounds in 2024\/25. Per capita, that\u2019s 9.5 pounds of avocados per person each year, up from just 1.52 pounds in 1998\/99.<\/span><\/p>\n #Suddenly #Wall #Street #worried #U.S #economy #vulnerableand #stocks #selling<\/p>\n","protected":false},"excerpt":{"rendered":" In an exclusive interview with… <\/p>\n","protected":false},"author":1,"featured_media":6788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[113,515,395,516,456,166,381,2478,91,221,369,2366,687,9901,2048,3351],"class_list":["post-6787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-bonds","tag-economics","tag-economy","tag-fortune-500-digest-weekday","tag-iran","tag-markets","tag-news","tag-selling","tag-stock","tag-stocks","tag-street","tag-suddenly","tag-u-s","tag-vulnerableand","tag-wall","tag-worried"],"yoast_head":"\nMORE FROM FORTUNE<\/h3>\n
THE MARKETS<\/h3>\n
Global wave of selling as traders flee tech stocks<\/b><\/h2>\n
\n
CHART OF THE DAY<\/h3>\n
Ignore all their complaining; Europeans are secretly very happy<\/b><\/h2>\n
![\"\"](\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/10\/Optimistic_1.jpg?format=webp&w=1440&quality=75\"\/)
<\/div>\nNUMBER OF THE DAY<\/h3>\n
59%<\/b><\/h2>\n
THE FRONT PAGES TODAY<\/h3>\n
ONE MORE THING<\/h3>\n
Americans eat 10 pounds of avocados per year, on average. Maybe it\u2019s not enough.<\/b><\/h2>\n
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