Philly Fed July non-manufacturing index +0.1 vs +4.6 prior

Lean hog futures dipped, with prices down 5-50 cents. USDA hog price at $85.53, down $2.50. Pork cutout up 22 cents to $100.24.

Fed halts balance sheet runoff Dec 1 amid rising funding costs & liquidity stress. Markets watch for impact.

Calpers, the biggest U.S. public pension fund, will vote against Elon Musk’s $1 trillion Tesla pay deal, calling it excessive and overly concentrated. Musk is pushing for investor approval ahead of a Nov. 6 vote in Austin.

China’s Premier Li says need to expand domestic demand, deepen supply-side reforms China’s Premier Li Qiang stressed the need to balance development with security.

Australian export and import prices both fell in Q3 Export pirce index and import price index both fell, but more at a slower pace than in Q2

PBOC is expected to set the USD/CNY reference rate at 7.1056 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.

Samsung Electronics’ Q3 profit more than doubled estimates at KRW 12.0 trillion, powered by AI chip demand and stronger smartphone sales. Firm expects continued semiconductor strength, steady mobile demand into Q4. HBM4 development set for 2026.