Fed Governor WALLER said productivity effects from artificial intelligence are not yet evident in the data, though they are visible in isolated cases.

President Trump spoke with Israeli Prime Minister Netanyahu.

TrendForce said rising component costs are shifting the 2027 laptop-market risk from supply limits to demand weakness. It currently forecasts global laptop shipments will fall by low single digits in 2027; but if DRAM and CPU prices remain elevated and brands pass costs to consumers, higher retail prices could extend replacement cycles and push the annual shipment decline toward high single digits. For a mainstream $900 MSRP model, CPU, DRAM and SSD together made up about 68% of the laptop BOM in 3Q26, highlighting the growing pricing influence of core components. Brands face a triage: raise retail prices and risk demand erosion, absorb costs and compress gross margins, or cut storage/memory specs and weaken competitiveness. TrendForce expects brands will struggle to simultaneously preserve price, specs and margin, making the degree of cost pass-through a key variable for 2027 demand.