News

Market news: Google (GOOG.O) has acquired a $548 million stake in Qualcomm (QCOM.O).

Deposits in the U.S. banking system rose to $19.798 trillion from $19.772 trillion the previous week.

The U.S. State Department has approved a potential sale of UH-60M Black Hawk helicopters to Mexico for an estimated $1.08 billion.

The Dow Jones Industrial Average closed down 237.33 points, or 0.46%, at 51,285.73 on Friday, November 6; the S&P 500 rose 23.12 points, or 0.31%, to 7,376.85 on Friday, November 6; and the Nasdaq Composite rose 264.43 points, or 1.09%, to 24,579.42 on Friday, November 6.

According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending November 3, net long positions in the Japanese yen were 102,321 contracts. Net short positions in the euro were 157,791 contracts. Net short positions in the British pound were 59,821 contracts. Net short positions in the Swiss franc were 16,589 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending November 3, speculators increased their net short positions in CBOT U.S. 5-year Treasury futures by 246,314 contracts to 1,275,370 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending November 3, speculators reduced their net short positions in CBOT U.S. ultra-long-term Treasury futures by 21,646 contracts to 361,932 contracts. Speculators also reduced their net short positions in CBOT U.S. Treasury futures by 10,041 contracts to 9,097 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending November 3, speculators reduced their net short positions in CBOT U.S. 10-year Treasury futures by 19,179 contracts to 962,359 contracts. Speculators also reduced their net short positions in CBOT U.S. 2-year Treasury futures by 6,932 contracts to 1,002,544 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending November 3, COMEX gold speculators' net long positions decreased by 3,107 contracts to 104,297 contracts. COMEX silver speculators' net long positions decreased by 238 contracts to 2,665 contracts. COMEX copper speculators' net long positions decreased by 5,988 contracts to 34,444 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending November 3, equity fund speculators reduced their net short positions in the CME S&P 500 by 27,501 contracts to 345,246 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending November 3, CFTC equity fund managers increased their net long positions in the CME S&P 500 by 55 contracts to 917,568 contracts.

IBM (IBM.N) has deployed its first quantum computer in Illinois.

Market news: IBM (IBM.N) has deployed its first quantum computer in Illinois.

U.S. consumer credit in September was $27.84 billion, below the expected $12 billion and the previous figure revised from $8.281 billion to $8.19 billion.

US President Trump: We are negotiating with Iran.

US President Trump: I want to make changes, Stephen understands that, and he will do a good job.

US President Trump: I hope Stephen Miller can be a good chief of staff.

US President Trump: The jobs data is absolutely amazing.

US President Donald Trump announced that current Deputy White House Chief of Staff Stephen Miller will succeed Susie Wiles as White House Chief of Staff starting next week. According to The New York Times, Trump publicly blamed Wiles for the Republican Party's election losses on election night and expressed strong dissatisfaction with his political team after the election. Sources say that Miller argued for the position because Trump needed to end the war on Iran, as the president's core supporters viewed it as a betrayal. Axios also reported that Miller advocated a tougher stance on the war on Iran, and his appointment may signal a further hardening of the Trump administration's Iran policy. The New York Times stated that Miller was a key architect of many of Trump's tough domestic policies during his second term, particularly immigration policy, and a major driving force behind the large-scale deportation of immigrants. He has also long publicly defended Trump's policies. Earlier this year, when Trump publicly discussed annexing Greenland, Miller argued that the US could overthrow foreign governments and acquire foreign territory and resources based on national interest. Miller has also publicly criticized a federal judge's ruling blocking Trump's tariff policies. The New York Times points out that the Republican Party's midterm election defeat is a clear rejection of Trump and his performance in office by voters, but Trump still has two years left in his term. Appointing Miller to the White House suggests that Trump is not prepared to adjust his governing approach; on the contrary, he may further strengthen his existing policy agenda. Miller not only has a strong ideological stance but is also one of the most powerful policy advisors in modern US presidential terms. This appointment is seen as a signal that Trump is continuing and strengthening his own political agenda, rather than a post-election policy shift.

According to Israeli news outlet i24News, citing sources, Trump stated in an interview this week that the US would end aid to Israel by the end of the year, but the decision has not yet been finalized, and the US and Israel are still in low-key consultations. Israel hopes to shift the aid termination arrangement to a gradual transition to buy more time. Israel had previously deliberately avoided publicly responding to Trump's statement to avoid diplomatic friction and wanted to first confirm the actual US decision. Israeli Prime Minister's Office spokesman Doron Spielman told Fox News that day that Israel hoped to shift the relationship from "aid" to "partnership," marking its first public response but not representing its final position. Currently, the US and Israel are seeking a mutually acceptable transition solution through closed-door negotiations.