Monday Morning Java

Good Morning and Happy Monday!

I hope you had a great weekend and are looking forward to the week.  This past weekend was all work and little play for me, however, I was able to fit in time with family and friends and finally watch Karate Kid Legends which has been on my list for a while.  But enought about that here is your morning Java...

A Cup of Coffee

CRA says bare trusts won’t have to file for 2025 unless legislation is ‘enacted well in advance’ of tax-filing deadline

Millions of US borrowers are about to hit a wall. With loan payments resuming amid a government shutdown, delinquency rates have spiked more than tenfold — a looming “default cliff.”

The 100% China tariff may not make it to 100 days. After weeks of tariff brinkmanship, the president called his own 100% duties “unsustainable,” hinting at a deescalation — as markets exhaled in relief.

Even IKEA can’t assemble a cheap price tag. Tariffs on furniture and timber have forced the Swedish giant to raise prices and redefine what “affordable design” means in a geopolitics-as-cost era.

Wall Street’s favorite miracle drug just got a dose of politics. Trump’s vow to slash the “fat-loss drug” to $150 a month sent Novo Nordisk and Eli Lilly shares sliding, injecting politics into a category long treated as inevitable.

Bitcoin hit its lowest level in months

A Cup of Tea

October 20, 1920: The Group of Seven, a famous collective of Canadian landscape painters, held their first exhibition at the Art Gallery of Toronto (now the Art Gallery of Ontario). Their work became iconic for its bold, vivid depictions of the Canadian wilderness and played a major role in shaping Canadian art and national identity.

A Little Snack

Stocks reversed early losses to close mostly higher, recovering from a sharp premarket selloff tied to regional-bank worries.

Fifth Third Bancorp helped ease concerns after posting better-than-expected results, leading a rebound in the regional-bank index.

President Trump signaled a softer stance on China, calling current tariffs “not sustainable” and confirming a meeting with President Xi later this month.

Consumer staples led gains, while utilities lagged.

The 10-year Treasury yield rebounded to 4%, gold prices pulled back from record highs, and the dollar strengthened.

Movers & Shakers

(+) Truist ($TFC) +4% after the bank announced strong Q3 earnings.

(–) Oracle ($ORCL) -7% after Nvidia’s Jensen Huang warned that useful quantum computing is still decades out.

(–) Hims & Hers Health ($HIMS) -16% after an $11M insider stock sale.

Have a fun and productive week!