Daily Market Recap (October 9th 2025)

These news excerpts cover a range of significant economic, political, and corporate developments occurring around October 2025. Several reports focus on the ongoing U.S. government shutdown, detailing its ninth day, failed Senate funding votes, and President Trump's threat to use it to cut Democratic programs, while Delta Air Lines reports no immediate operational impact. The Internal Revenue Service (IRS) announced inflation adjustments for the 2026 tax year, including higher income and capital gains tax brackets and increased standard deductions. Globally, the sources highlight China's tightening grip on rare earth exports as an act of "lawfare" to assert global economic control, which caused rare earth mining stocks to surge. Corporate news includes Delta Air Lines' strong third-quarter earnings beat and Ferrari's stock plummeting after cutting its 2030 electric vehicle sales target. Finally, the sources touch on technology and geopolitics, reporting on a federal safety probe into Tesla's Full Self-Driving system, an ex-Google CEO warning about AI models being hacked to learn "how to kill," and the U.S. Treasury providing financial support to Argentina through peso purchases and a large currency swap line.

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