The Varni Daily

Bull Fire in west Reno now 98% contained

The 1,529-acre fire started Oct. 2; area closure remains.

The Truckee Meadows Fire Protection District said fire activity is minimal and crews are shifting to patrolling and monitoring the perimeter, KOLO reported. The fire was ruled human-caused, but a more detailed cause has not been determined.

Police seek missing 88-year-old Reno man with memory loss

Jose Cortez-Villa was last seen Sunday near Sutro Street and Selmi Drive.

Reno police said Cortez-Villa has medical conditions that could put him in danger if unmanaged, KOLO reported. He was wearing a blue jacket and brown pants and is described as about 5-foot-7 and 170 pounds with a gray beard. Anyone with information can call 775-334-2121.

Washoe voters to weigh advisory question on EV and hybrid road fee

The November question would not create a fee or set an amount.

The ballot question asks whether state lawmakers should be allowed to create an annual road-use fee for electric vehicles, and a partial fee for hybrids, registered in Washoe County, News 4 reported. Any fee would require action by the Nevada Legislature.

Reno detective says she was told not to write report on false facial-recognition arrest

Testimony filed in Jason Killinger’s federal civil rights lawsuit.

Detective Monique Sheahan testified that a now-retired lieutenant told her not to write a formal report after she confirmed Killinger was not the man the Peppermill casino’s facial-recognition system flagged in 2023, This Is Reno reported. The ACLU, the ACLU of Nevada and the Innocence Project filed a brief Oct. 9 supporting Killinger; city officials did not respond to questions.

UNR gets $3 million grant to train nurses for rural Nevada

First 16 students start at the Lake Tahoe campus in January 2027.

The four-year federal grant establishes the Nevada Rural Nurse Scholars Program at the Orvis School of Nursing, and the university expects about 96 graduates during the grant period, This Is Reno reported. Carson Valley Health will receive $80,000 of the funding.

Retired SFPD sergeant killed wife and daughter, then himself, sheriff says

Ann Mannix was a retired SFPD deputy chief; autopsies are set for Tuesday.

The Marin County Sheriff’s Office said Kevin Mannix, 68, shot and killed his estranged wife, Ann Mannix, 65, and their daughter, Katherine Mannix, 24, at a home on Strawberry Circle east of Mill Valley on Sunday evening, KQED reported. A 911 caller got out of the home; deputies found a man dead with a handgun nearby.

San Francisco Police Officers Association President Louis Wong called Ann Mannix “a trailblazer,” the first woman to join and lead the department’s SWAT team. The sheriff’s office said there is no threat to the community.

Waves and high tides could flood Bay shorelines this week

NWS: low-lying areas could flood by more than a foot and a half.

High tides, swells from post-tropical cyclone Rachel and an El Niño-driven Kelvin wave are combining to raise water levels, KQED reported. A researcher estimated the Kelvin wave raised Bay Area sea levels by about six inches and said another is about three weeks away.

San Jose police fatally shoot armed man at Locke Drive home

Police say the man had a gun; a tenant says he was the landlord.

Officers shot the man at a home near Andrew Hill High School on Monday, CBS San Francisco and ABC7 reported. Police said the suspect was armed with a firearm.

Oakland police arrest suspect in fatal downtown shooting of Richmond woman

The 29-year-old was shot early Sunday near Harrison and 14th streets.

Police announced the arrest Monday, the San Francisco Chronicle reported.

Federal agents search Rep. Ilhan Omar’s home

Justice Department confirms a judicially authorized warrant; Omar calls it political targeting.

Homeland Security Investigations executed the warrant at the Minnesota Democrat’s Washington-area residence Monday, the AP reported; the Justice Department gave no other details. Omar said she would “not be silenced” and called the search an “attempt to target political enemies.”

President Trump told reporters, “that has nothing to do with me,” before leaving for a campaign rally in Youngstown, Ohio, USA Today reported.

Taxpayer-funded pro-Trump ads kept airing after judge’s order, NPR finds

Nearly $22 million in government money spent since late September.

An NPR analysis of AdImpact data found nearly $10 million was spent after Oct. 5, when Trump said his super PAC would take over funding, and spots aired for hours after Sunday night’s court order. A White House official said the last government-paid ads ran Sunday evening and outside groups will pay going forward.

Trump defends Russian diesel import plan despite bipartisan backlash

“I made the right choice for the American People,” he posted Monday.

Trump announced Friday a deal to import 300,000 tons of Russian diesel, with more promised, ABC News reported. Seven senators from both parties urged a reversal; House Majority Whip Tom Emmer called the deal an example of the president “thinking out of the box.”

Trump insists energy ceasefire holds as Ukraine reports new strikes

Zelensky says Russia hit at least six energy facilities; 33 people wounded.

Trump said Monday that Russia and Ukraine had agreed to stop striking energy infrastructure and urged both to end the “ridiculous war,” Al Jazeera reported. Zelensky said Ukraine carried out no attacks on Russian refineries overnight; Russian Foreign Minister Sergey Lavrov said Moscow would press ahead with its campaign.

The European Union approved its largest sanctions package since Russia’s 2022 invasion. Separately, Zelensky said Tuesday that Ukraine got no early warning from partners before a ballistic missile strike on Kyiv in which five missiles hit civilian infrastructure, the AP reported.

Drone attack sinks ship off Bulgaria’s Black Sea coast

Second ship, the Ukrainian-owned Chelsea 3, damaged; its 15 crew rescued.

Prime Minister Rumen Radev said three drones hit the Chelsea 3 about 18 nautical miles off Bulgaria early Tuesday, Al Jazeera reported. Radev said there was no clear evidence of who was responsible but that “the outcome benefits” Russia, and the Russian ambassador would be summoned. European Commission President Ursula von der Leyen condemned the attack.

Houthis claim another attack on Riyadh airport; tanker hit in Hormuz

IMF cuts its 2026 Middle East and Central Asia outlook to a 0.3% contraction.

The Houthis said they fired a missile at Riyadh’s international airport Monday, and UKMTO said a crude tanker was struck by an unknown projectile leaving the Strait of Hormuz on Sunday, Gulf News reported. Iran’s Revolutionary Guard chief warned foreign powers against interfering in the waterway.

North Korea fires multiple ballistic missiles toward the East Sea

At least one flew more than 900 kilometers.

South Korea’s Joint Chiefs of Staff detected the launches from the Pyongyang area around 9:20 a.m. Monday local time, after South Korea tested a hypersonic weapon, Yonhap reported. Japan reported two missiles, one traveling about 220 km and the other more than 910 km.

Hurricane Simon keeps lashing western Mexico

Storms linked to Simon and former Rachel have killed five in Mexico.

A 71-year-old man died in Chilpancingo, Guerrero, when a wall collapsed in heavy rain, and flooding from former Tropical Storm Rachel caused deaths in Baja California, CBS News and the AP reported. Puerto Vallarta’s airport was closed until Tuesday morning as businesses began reopening.

JPMorgan posts $15.3 billion quarterly profit as bank earnings begin

Earnings of $5.57 a share, up from $5.07 a year earlier.

JPMorgan Chase reported third-quarter net income of $15.3 billion, compared with $14.4 billion a year earlier, in a filing Tuesday. Adjusted earnings of $5.75 a share missed the $5.93 consensus and revenue of $50.17 billion trailed estimates of about $51.2 billion, American Banking News reported, citing FiscalAI. Goldman Sachs, Wells Fargo and Citigroup also report before the open.

IMF raises 2026 world growth forecast to 3.1%

AI investment offsets war-driven energy costs; 3.4% growth seen in 2027.

The International Monetary Fund lifted its forecast from 3.0% in July in its October World Economic Outlook, the AP and CNBC reported. The fund warned that AI investment is concentrated and front-loaded and that a market correction, war and rising public debt are key risks.

KOSPI tumbles 5.46% as foreign investors sell $3.1 billion

Samsung Electronics fell 7.39% and SK hynix 10.09%.

The index closed at 6,035.35 after briefly falling more than 7%, triggering a sell-side sidecar for the first time in two months, Seoul Economic Daily and The Herald Business reported. Concerns included AI investment and plans by Chinese memory maker CXMT to expand in server memory.

Oil slips from near two-week high

Brent fell 1.06% to $105.52 a barrel early Tuesday.

WTI futures dropped 1.18% to $92.63, TipRanks reported, as investors monitored Middle East supply risks.

Highest / most active volume

Foreign selling drove heavy trading in Seoul.

Foreign investors sold about $3.1 billion of South Korean stocks as the KOSPI fell 5.46%, Seoul Economic Daily reported.

Biggest percentage gainers and losers

SK hynix down 10.09%; Samsung down 7.39%.

Chip stocks led declines in Seoul, and Stocktwits flagged Micron, SanDisk and Nvidia among U.S. stocks in focus premarket as semiconductor shares extended losses.

Biggest changes in volatility

KOSPI briefly fell more than 7%.

The drop triggered a sell-side sidecar, a program-trading pause, for the first time in two months, The Herald Business reported.

Unusual activity

UnitedHealth options price a big move.

Options were pricing in about a 6.5% move in UnitedHealth ahead of its earnings Tuesday, Stocktwits reported.

Technical confirmation and relative strength

Dow outperformed Monday; Nasdaq lagged.

The S&P 500 fell 0.06% to 7,807.24 and the Nasdaq Composite 0.44% to 27,245.90 Monday, while the Dow rose 0.38% to 51,850.55. Early Tuesday, Nasdaq futures were down 0.6% and Dow futures up 0.6%, Stocktwits said.

Earnings reports

Big banks, J&J and UnitedHealth report before the bell.

JPMorgan, Goldman Sachs, Wells Fargo, Citigroup, Johnson & Johnson, UnitedHealth and Domino’s Pizza report Tuesday. Consensus calls for $12.86 a share at Goldman and $2.65 at Citigroup, Dow Jones said.

Economic data releases

September existing-home sales Tuesday.

Dow Jones listed U.S. existing-home sales for September among Tuesday’s releases; September CPI is due Wednesday and PPI Thursday.

Fed and central bank events

IMF and World Bank meetings in Bangkok.

The IMF released its World Economic Outlook at the annual meetings this week, CNBC reported; Fed Chair Kevin Warsh is scheduled to speak there Thursday.

Industry and company-specific catalysts

Chips, banks and oil in focus.

Semiconductor stocks are under pressure after the Seoul selloff, banks open earnings season, and Brent is near $105.52, TipRanks reported.

Ex-dividend dates, splits, and corporate actions

No major splits in today’s sources.

AZZ Inc. is also expected to report Tuesday, at $1.72 a share, Dow Jones said.