Zaid Admani

Public.com presents The Rundown, your daily market update in under 10 minutes.

My name is Zaid Admani, and today is Thursday, October 16th.

In today's episode, we'll tell you about the AI brain drain happening at Apple and some new product announcements from them.

We also dive into earnings from TSMC and tell you why Salesforce stock is seeing a pop this morning.

Then stick around to the end of the show to find out about the biggest finance fat finger mistake in history that just happened yesterday and why it's making some people nervous about stable coins.

We got a great show for you today.

Let's go.

Well, Wednesday was another choppy day in the markets, but this time with a happy ending.

Stocks started off hot, then dipped in the red by midday, but ultimately closed higher with the S&P 500 adding 0.4% and the NASDAQ was up 0.7%.

The big overhang continues to be the US-China trade tensions, which has everyone on edge a bit.

It also doesn't help that the government shutdown is now in day 16 and likely headed into the third week of gridlock.

And since the government has been shut down, we haven't gotten any government data, including the CPI inflation report, which was supposed to come out this week.

And that makes it tough for both investors and the Federal Reserve to get a clear read on the economy right now.

So for now, the only thing that investors have to go off of is earnings.

And look, so far, earnings have been pretty solid.

I know we're still really early, but according to FactSet, analysts expect the overall S&P 500 earnings to grow around 8% for Q3.

That would mark the ninth straight quarter of earnings growth for the index.

So we might be in for another strong earnings season.

We'll have to see if that's enough for investors to overlook the China trade tensions and the government shutdown.

We're going to be keeping a close eye on all the major earnings coming up.