
Estée Lauder Stock Jumps 5% Premarket After Earnings Beat
Estée Lauder (EL) lifted its 2027 profit outlook as fragrance sales grew 20%, but shares later turned lower.
Daily Digest
Daily Digest

Estée Lauder (EL) lifted its 2027 profit outlook as fragrance sales grew 20%, but shares later turned lower.

They Said Buy tracks stock calls from YouTube creators, pairing exact quotes and links to the precise video moment with what happened to the share price afterward. Revisit the original statement, see the outcome, and put memorable predictions in context.

Trump removed 50% Section 338 tariffs on 22 Canadian product lines, including Maine farm inputs, and added 100 others days before the midterm elections.
US factory activity beat forecasts of about 54.5, with the production gauge at 59, its highest since 2021.
Oracle (ORCL) is selling $10B of stock and $10B of bonds to fund AI data centers, on top of $125B in debt

Secretary of State Rubio defended Russia's G20 invitation after Germany and the EU objected, and the US scrapped the Atlanta group photo over Lavrov's presence.
Almost every macro question - inflation, recession, stagflation, central bank policy - comes back to two curves and where they cross. A short walkthrough of aggregate demand (consumption, investment, government, net exports), the short-run and long-run aggregate supply curves, what happens when each one shifts, and why central banks spend most of their attention managing AD.
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Oracle shares dropped about 5% after the company filed to raise $20 billion in new equity and debt, reviving investor concern over how the AI buildout is financed.

Serval, an AI enterprise service management platform challenging ServiceNow, raised a $150M Series C led by Sequoia at a $3B valuation.
Marvell (MRVL) is buying Lumentum in a $115B all-stock deal, and Lumentum shares fell about 10% on Monday.
The CSI 300 (000300.SS) fell 8.5% in October; Beijing is lining up 100B yuan to fund share purchases

Marvell agreed to buy Lumentum in a $115 billion all-stock deal for AI optical networking, and shares of both companies fell sharply in Monday trading.
How fast a dollar moves through the economy is as important as how many dollars exist. A short walkthrough of the velocity equation (nominal GDP divided by money supply), why velocity rises when confidence is high and collapses in crises, and why a doubling of the money supply during 2008–2015 quantitative easing produced almost no inflation - because velocity fell faster than the supply grew.

SpaceX (SPCX) is pursuing at least 80,000 US cell sites to build a fourth nationwide wireless carrier, hitting AT&T, Verizon and T-Mobile shares after hours.
Reddit (RDDT) also plans to require logins, as it forecast $1B–$1.03B in Q4 sales, below the $1.05B expected.
Sterling (GBPUSD) steadies near 1.34 as UK inflation hits 3.5% and the first hike since 2023 looms Thursday.

Meta plans to raise up to $95B in equity for AI, with Nvidia, AMD and Broadcom as potential anchor buyers after its first negative free cash flow in a decade.

Bedrock Robotics, a construction robotics startup, raised a $600M Series C.

Anthropic (ANT) filed its S-1 on Oct 26, targeting a Nasdaq listing at $1.5T-$2T before Nov 26, with a price range and roadshow expected in the coming days.
Borrowing fuels expansion. Paying it back drags it. A short walkthrough of leverage as debt relative to income, the four ways an economy can deleverage (income, asset sales, default, inflation), why the process is inherently deflationary, and why the 2008 cleanup took more than seven years even with massive government intervention to soften it.

Exxon (XOM) earned $15.4B and Chevron (CVX) $9.9B as Iran-war fuel shortages boosted refining margins

China's central bank and securities regulator met banks and brokers on buyback lending, lifting stocks after a record 12-week slide in the CSI 300 index.
Coinbase (COIN) fell 5% before the open; Robinhood and Circle slid too as the FBI blamed North Korea.
Intel (INTC) guided Q4 sales to $15–16B and 25 cents a share, well below Wall Street's $17.1B and 43 cents.

Kioxia shares fell 15.8% after flat ¥2 trillion profit guidance, reviving doubts over AI memory demand, while Micron and SK Hynix stock traded higher.

Legora, a European legal AI startup, raised a €489M round.

Brent crude oil fell 3% to $109.75 a barrel as Qatar-mediated US-Iran talks advance and Trump urges Israel to hold off on new strikes ahead of the midterms.

Brent (BZ=F) fell as WTI dropped 3% to $101; Italy froze Kyiv aid ahead of the Nov. 3 US midterms.

Global Payments (GPN) shares rose about 10% after the FT said CD&R is pursuing a take-private deal valued near $40 billion including debt, teaming with GTCR.
AMD (AMD) reports Tuesday; Super Micro (SMCI) pre-announced up to $19.5B in sales amid AI demand doubts.
The 10-year yield (US10Y) is near 4.93% as traders weigh Friday's jobs report and a Dec. 9 Fed decision.
Deleveraging is hard. Deflationary deleveraging is the worst version of it - a self-reinforcing loop where falling prices make existing debt heavier, forcing more cuts, which push prices down further. A short walkthrough of why fixed-nominal debt is poison in a deflationary environment, why savers win and debtors lose, and why Japan spent two full decades trying to climb out of one of these.

Illumina (ILMN) stock fell 18.6% to $235.99 on Oct. 30, its worst session since 2016, despite a Q3 earnings beat and a raised full-year 2026 revenue forecast.

Flapping Airplanes, a one-year-old AI startup, raised a $1B Series A.
Microsoft (MSFT) trimmed its 2026 capex forecast to about $170B while Amazon and Meta burned cash

Trump's Russian diesel sanctions waiver, struck in a deal with Putin, faces bipartisan backlash as the first three tankers head for US East Coast ports.

Brent crude (BZ=F) slipped from Friday's $117.64 as Trump signals more time for Iran diplomacy

The fed rate stays at 3.75-4.00% after a 10-2 vote, as Warsh declines to commit to a December hike that markets price at about 85% with the 10-year near 5%.
Most deleveragings are ugly. A small number are something Ray Dalio calls 'beautiful' - debt burdens fall, growth keeps running, employment holds, and inflation stays moderate. A short walkthrough of the four simultaneous policy moves required to engineer one (austerity, restructuring, monetary easing, fiscal support), why the composition of demand has to shift while the level holds, and the rare historical cases where it actually worked.
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