CPCA data: Oct 1-25 China passenger vehicle retail 1.145 mln units, down 26% YoY and flat versus the same period last month (0% MoM). YTD retail through Oct 25 14.479 mln units, down 22% YoY. Manufacturer wholesale Oct 1-25 1.384 mln units, down 22%

1. Trump's approval rating rebounds ahead of midterm elections —With just days to go before the November 3rd US midterm elections, a Reuters/Ipsos poll shows President Trump's approval rating has risen to 32%, up one percentage point from last week's record low. However, Democrats still lead Republicans in national polls for congressional elections. 2. $1 million reward offered for information leading to election fraud —US President Trump: Anyone who reports voter fraud in past elections or the upcoming 2026 midterm elections will receive a $1 million reward once the perpetrators are arrested and convicted. 3. Claims Brazilian election was rigged, but maintains good relationship with Lula—US President Trump: (Regarding the Brazilian election) It looks terrible to me. It's like another rigged election. I like President Lula, and I get along very well with him. 4. Addresses tariffs and Iran in rally speech —US President Trump: Tariffs don't cause inflation. Tariffs bring success, they bring growth. The Iranians make excellent weapons. They are very smart, but we beat them to a pulp. The problem is, once you stop attacking them, they'll start rebuilding (military facilities like radar). I thought oil prices would rise sharply, very, very high. 5. Announces $275 Million Nursing Home Staff Funding Plan —US President Trump announced a plan totaling over $275 million to recruit and retain nurses in nursing homes. This is a major piece of news that will benefit older Americans. 6. Complains about Daylight Saving Time as "Crazy," Urges Immediate Action —At a rally in Mississippi on Monday, Trump said that adjusting clocks twice a year is "absurd" and "crazy." He reiterated his call for the Senate to push for permanent Daylight Saving Time and warned lawmakers that with only days left until most of the US turns back its clocks on November 1st, they must act quickly.

Shares of emerging cloud-service firms rallied: Nebius (NIBS.O) up 11%, CoreWeave (CRWV.O) up 6.7%, IREN (IREN.O) up 7.7%.