Friday, November 7, 2025

The Daily Market Flux - Your Complete Market Rundown (11/07/2025)

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Here is Your Complete Market Rundown (11/07/2025):

Company News:

JPMorgan Chase & Co. (JPM)

Performance Overview

1D Change:  0.28%

5D Change:  1.01%

News Volume:  152

Unusual Volume Factor:  1x

JPMorgan Boosts Bitcoin ETF Holdings 64 Percent While Forecasting $170K Price Target Amid Broader Market Caution

JPMorgan disclosed a significant increase in its Bitcoin ETF holdings, now owning $343 million in BlackRock’s IBIT shares, representing a 64 percent jump since June.

The bank’s analysts told clients Bitcoin has “significant upside” to $170,000 within six to twelve months, calling the cryptocurrency “cheaper than gold” following recent market deleveraging that pushed prices below $100,000.

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UBS Group Ag (UBS)

Performance Overview

1D Change:  0.71%

5D Change:  -0.12%

News Volume:  145

Unusual Volume Factor:  1x

UBS Revises BoE Forecast, Executes Blockchain Milestone, and Liquidates O'Connor Funds Amid Active Trading Day

UBS shifted its Bank of England outlook, now expecting a rate cut in December 2025 versus its prior forecast of no cut, with additional reductions anticipated in February and April 2026 to bring the terminal rate to 3.25%. This marks a significant revision to the bank’s UK monetary policy expectations.

In a notable technological advancement, UBS executed its first on-chain fund transaction on Ethereum, signaling institutional adoption of blockchain technology for traditional financial operations.

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Expedia Group, Inc. (EXPE)

Performance Overview

1D Change:  17.41%

5D Change:  17.36%

Expedia Surges 16% on Strong Q3 Results and Raised Revenue Forecast

Expedia Group shares jumped as much as 18% to record highs following a strong third-quarter earnings report and raised 2025 revenue guidance.

The company’s B2B travel platform emerged as the standout performer, growing 26% year-over-year and driving margin expansion and booking momentum.

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The Trade Desk, Inc. (TTD)

Performance Overview

1D Change:  -6.28%

5D Change:  -14.42%

Trade Desk Beats Q3 Estimates But Analysts Cut Price Targets as Stock Hits 52-Week Low

The Trade Desk reported third-quarter results that exceeded revenue and earnings expectations, with continued double-digit year-over-year growth in adjusted EBITDA and revenue.

Despite the strong performance, the stock fell to a 52-week low of $42.90.

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Block, Inc. (XYZ)

Performance Overview

1D Change:  -7.7%

5D Change:  -13.78%

Block Shares Tumble 15% on Disappointing Q3 Results Despite Analyst Optimism on Long-Term Growth

Block Inc. shares fell sharply in Friday trading, dropping 15% in pre-market sessions and erasing $5.6 billion in market value after the company reported mixed third-quarter earnings that failed to meet expectations.

The decline was driven by underwhelming guidance and disappointing Square volume-profit spreads, prompting analysts to lower price targets.

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Geopolitics Events

China Exports Contract, US Trade Tensions Persist Amidst Economic Uncertainty

China's exports unexpectedly contracted in October, marking the first decline since March, with a significant 25% drop in shipments to the U.S. This decline is attributed to ongoing US-China trade tensions, a potential "fracture point" according to geopolitical risk experts. The U.S. is also blocking Nvidia's AI chip shipments to China, a move applauded by GOP senators, while Nvidia's CEO urges the U.S. to accelerate its AI capabilities. Trump is under pressure on the economy following Democratic election wins and is facing criticism over potential beef imports from Argentina, which could harm US ranchers. Meanwhile, the U.S. government shutdown continues to have a significant economic impact, with SNAP interruptions, airfare chaos, and substantial GDP losses. Trump is also seeking to negotiate with China on shipping and has announced a US-Uzbekistan trade deal.

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US Government Shutdown Continues Amidst Political Gridlock

The US government shutdown persists as Republicans reject multiple Democratic proposals to end it, including offers to scale back demands and extend healthcare subsidies. The Senate is expected to remain in session over the weekend, while the House extends its recess, complicating negotiations. President Trump urges Republicans to end the filibuster to resolve the impasse. Air travel delays are increasing pressure, and the prolonged shutdown is disrupting economic data collection, particularly in the labor market. Initial market rallies based on hopes of a resolution have leveled off.

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Dems Offer ACA Deal to End Shutdown

Senate Democrats, led by Chuck Schumer, are proposing to end the government shutdown by extending ACA subsidies for one year. Schumer stated that Republicans need to add the extension to stopgap measures.

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Trump Considers Hungary Exemption From Russian Oil Sanctions

Donald Trump indicated he is considering exempting Hungary from sanctions on Russian oil, citing the nation's lack of sea access. Trump met with Hungary’s Orban to discuss Russian oil and economic cooperation.

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North Korea Fires Ballistic Missile

South Korea reports North Korea fired a short-range ballistic missile into its eastern waters, traveling approximately 700 kilometers. Japan also reported the launch of a possible ballistic missile.

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Trump Calls for DOJ Probe into Meatpacking Industry

Former President Trump announced on Truth Social that he has requested the DOJ to immediately investigate meat packing companies for alleged illicit collusion, price fixing, and price manipulation driving up beef prices.

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Trump's Energy Policies and Pharma Deals Impact Markets

Trump granted Novo Nordisk and Eli Lilly a three-year tariff exemption, expanding their access to Medicare and Medicaid patients. He is considering exempting Hungary from Russian oil sanctions. Trump will auction oil and gas drilling rights across the Gulf next month. Simultaneously, pressure on Venezuela and $60 oil are creating turbulence and undercutting his "drill, baby, drill" agenda.

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Shutdown Continues as GOP Rejects Democratic Offer

Republicans rejected the Democrats' offer to end the government shutdown, according to multiple reports.

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China to Resume Nexperia Chip Exports

According to Dutch PM Schoof, China will resume exports of Nexperia chips.

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Macro Events

Consumer Sentiment Plummets Amid Shutdown Fears

US consumer sentiment fell to a three-year low amid the government shutdown. High prices and fears of a prolonged shutdown soured the economic outlook and personal finances.

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Fed's Miran Highlights Stablecoin Impact on Rates, Dollar

Federal Reserve's Miran indicated that widespread stablecoin adoption could exert downward pressure on interest rates and potentially increase the dollar's value. Miran noted that increased stablecoin usage would likely lower the neutral rate. He is encouraged by stablecoin integration into the financial system. Miran stated that crypto innovation is impacting the economy, meriting Federal Reserve attention. He added that crypto currencies affect the Fed and central banks and must take account of them.

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Canada Job Growth Surges, Unemployment Drops

Canada's job market saw unexpected growth in October, adding 66,600 jobs. The unemployment rate fell to 6.9%, surpassing estimates.

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Fed's Jefferson Advocates Cautious Rate Cuts

Fed Vice Chair Jefferson advised a slow approach to further rate cuts as the policy rate nears a neutral stance.

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Stock Markets Events

Stocks Mixed as Dow Reverses Losses

Wall Street showed mixed performance with the Dow turning positive after an intraday reversal. The S&P 500 closed 0.1% higher, reversing a 100-point drop, while the Nasdaq fell 0.2%. Concerns over the economy and tech valuations weighed on the market, triggering a tech selloff.

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Earnings Events

Ubiquiti Revenue Surges, Earnings Beat Expectations

Ubiquiti's first-quarter revenue surged 33% to $733.8M, driven by Enterprise Technology, with adjusted EPS at $3.46, exceeding expectations by $1.35. Gross margin expanded to 46.0%.

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Currencies Events

Forex Reserves Mixed; Dollar Reacts to Data

China's foreign exchange reserves exceeded expectations at $3.343T. South Africa's net FX reserves rose to $69.364B. Swiss foreign currency reserves fell to 0.72484B. The US dollar declined following weak labor market data but later recovered. The Bank of England held rates steady, while four MPC members voted for a rate cut.

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Technology Events

Banks Provide $18B Loan for Oracle Data Center

Banks are providing an $18 billion loan to fund the construction of an Oracle-tied data center campus in New Mexico. Approximately 20 banks are involved in the project finance loan.

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Meta to Invest $600 Billion in US AI Expansion

Meta plans to invest $600 billion in American infrastructure through 2028. The investment will focus on AI data centers and job creation, with the goal of "personal superintelligence".

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EU Considers Pausing AI Act

The EU is considering pausing parts of its landmark AI Act, according to the FT, amid pressure from the US and big tech companies.

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Other Events

Cornell Restores Research Funds

Cornell University reached an agreement with the Trump administration to restore approximately $250 million in federal research funding. The deal follows months of scrutiny over antisemitism and discrimination accusations.

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