The Varni Daily

Reno will not renew its Flock Safety license plate reader contract

The contract expires March 17, 2027.

City Manager Jackie Bryant told the mayor and City Council on Thursday that Reno will not renew its contract with Flock Safety or continue a contract with a company that dispatches drones to reported crime scenes, News 4 reported. Police Chief Corey Solferino said in September the department has 29 city-owned plate readers using Flock technology.

City staff will ask the council on Oct. 21 to consider a contract with a different vendor, according to a joint city and police statement.

Search and Rescue carries ill hiker 2 miles off Hunter Creek Trail

Woman handed to REMSA at the trailhead.

Washoe County Search and Rescue, Truckee Meadows Fire Protection District and REMSA responded Tuesday afternoon to a woman about two miles up the Hunter Creek Trail in southwest Reno whose medical condition left her unable to continue, KOLO reported. Crews secured her in a mobile gurney and carried her to the trailhead.

Great Italian Festival returns to downtown Reno this weekend

Free event on Virginia Street, Second to Sixth streets.

The Eldorado’s 44th annual Great Italian Festival runs Saturday, Oct. 10, from 10 a.m. to 7 p.m. and Sunday, Oct. 11, from 10 a.m. to 6 p.m., KOLO reported. Wine Walk tickets start at $31 and pasta is $7 starting at 12:30 p.m. both days.

Reno small-business owners describe rising costs to Sen. Cortez Masto

Restaurant owners cited transportation and supply costs.

Sen. Catherine Cortez Masto met Friday with Reno business owners, who said rising costs are affecting employees and customers, KOLO reported. Cortez Masto said blanket tariffs and the war in Iran have pushed up the cost of food, gas and other goods; Kasey Christensen, co-owner of Süp, said owners are struggling to pay a living wage.

Reno-Sparks CROP Hunger Walk set for Sunday, Oct. 18

35th annual walk benefits local food programs.

Registration opens at 1:30 p.m. and the walk begins at 2 p.m., KOLO reported. Funds are shared with Church World Service and with the Food Bank of Northern Nevada, Ridge House and Eddy House; there are no sign-up fees.

San Jose releases draft rules for large data centers

Community forum set for Oct. 15 at City Hall.

Under San Jose’s first draft standards, released Friday, facilities drawing 20 megawatts or more would be barred from using drinking water in open cooling systems, required to run on 100% clean power and limited to 25 hours a year of backup generator testing, the Mercury News reported.

Staff plan to bring final drafts to the Planning Commission on Nov. 18 and the City Council on Dec. 8, with a final vote Dec. 15. The city projects each data center would generate $3 million to $7 million a year.

Public defender releases video of SFPD arrest; man in intensive care

Office seeks accountability for officers.

San Francisco’s public defender on Friday released body-camera footage that the office says shows SFPD officers beating Kevon Gibson, who was hospitalized in intensive care, the San Francisco Standard reported. The office is seeking accountability and decertification of the officers involved.

Oakland Unified and oversight panel dispute use of parcel-tax funds

Dispute centers on college and career program money.

Oakland Unified School District is under pressure from a parcel-tax oversight committee to return $3.5 million in reserves that were used to cover staff costs, The Oaklandside reported.

Isaias makes landfall near Destin, Florida, as a Category 2 hurricane

First hurricane of the Atlantic season; now post-tropical.

The National Hurricane Center said Isaias made landfall near Destin around 8:30 p.m. CDT Friday (6:30 p.m. PT) with maximum sustained winds of 105 mph and a minimum pressure of 971 mb; a gauge at Panama City Beach reported water 5.6 feet above mean higher high water.

Hundreds of thousands of people in Alabama and the Florida Panhandle were without power early Saturday, AP reported. Florida, Alabama and Georgia declared states of emergency, and the NWS said the center would move across Alabama into the Tennessee Valley on Saturday and Sunday, the BBC reported.

Trump creates committee to investigate Fed Governor Lisa Cook

Private White House hearing set for Nov. 5.

President Trump established a three-member committee of inquiry — Kevin Hassett, Keith Sonderling and Andrea Lucas — to investigate allegations that Federal Reserve Governor Lisa Cook made false mortgage-related statements, according to the White House order and CNBC. Cook may submit a post-hearing statement by Nov. 10; the panel will recommend whether there is cause for removal, and the president makes the final decision.

Justice Department says it won’t enforce some National Firearms Act registration rules

Follows a federal court ruling on the 1934 law.

The Justice Department said it will not enforce registration provisions for silencers and certain firearms under the 1934 National Firearms Act after a federal court ruling struck those provisions, AP and CBS News reported.

Judge strikes down DOJ policy of reviewing state voter rolls

Ruling cites the Administrative Procedure Act and Privacy Act.

A federal judge struck down the Justice Department’s policy of comparing state voter rolls with federal immigration databases, finding it violated the Administrative Procedure Act and the Privacy Act, CBS News reported.

U.S. sanctions the International Criminal Court after Navi Pillay’s Nobel

Treasury set a six-month initial grace period.

The Trump administration imposed sanctions on the ICC hours after Navi Pillay, a former judge of the court, won the Nobel Peace Prize, RTÉ reported. Secretary of State Marco Rubio said the U.S. “will ban transactions with this rogue court”; the Treasury allowed exemptions for telecoms, software, pensions and detainee-related transactions.

The ICC called the move an “assault on the rule of law” and urged its 125 member states to act. Trump told a rally in Syracuse, N.Y., the committee’s choice was “disgraceful.”

Putin tells Trump an immediate resumption of Ukraine peace talks is unlikely

Kremlin cites drone attacks during Russia’s elections.

In a Friday phone call, Russian President Vladimir Putin told President Trump that Ukrainian drone attacks on Moscow during last month’s parliamentary elections made immediate trilateral talks unlikely, Kremlin aide Yuri Ushakov said, according to Reuters via Al Jazeera.

Russia agrees to deliver 300,000-plus tonnes of diesel, Trump says

Zelenskyy calls the deal a “gift to Putin.”

Trump announced after the call that Russia agreed to deliver more than 300,000 tonnes of diesel to American and global markets, Reuters reported. A U.K. government spokesperson said Britain would maintain pressure on Russia through sanctions.

Isaias is the Atlantic season’s first hurricane, the latest start in more than 30 years

Season delayed by El Niño conditions, BBC reports.

The BBC reported Isaias is the first hurricane of the Atlantic season and marks the first time in more than 30 years that a hurricane did not form until October. Officials had warned of storm surge up to 9 feet in some areas.

Telecom stocks plunge as SpaceX moves to expand Starlink Mobile

Tower stocks rose.

T-Mobile fell 13% and AT&T and Verizon about 10% each Friday after SpaceX moved to boost Starlink Mobile with a spectrum purchase, CNBC reported. Crown Castle rose 12%, American Tower almost 8% and SBA Communications 6%.

Teva gains 6% on FDA approval of schizophrenia injectable

Weltruza is a monthly long-acting treatment.

Teva Pharmaceutical shares rose 6% after the FDA approved Weltruza for adults with schizophrenia, CNBC reported.

Medicare Star Ratings move insurers: Humana up 12%

Alignment Healthcare fell almost 14%.

CMS released 2027 Medicare Advantage Star Ratings; Humana rose 12% after its largest contract’s rating improved, CNBC reported.

Apple slips on report of iPhone 18 Pro order cuts

Nikkei says October orders cut 15%.

Apple shares were down nearly 2% after Nikkei Asia reported October production orders for the iPhone 18 Pro and Pro Max were cut 15% from original plans, CNBC reported.

Avient falls 7% as CEO steps down; Lumentum up 7%

Mike Frank replaces Ashish Khandpur at Avient.

Avient fell more than 7% after CEO Ashish Khandpur stepped down, and Lumentum rose about 7% after its CEO said optical components are sold out through 2029, CNBC reported.

Delta falls almost 2% after missing estimates

Airline cut its full-year outlook on fuel costs.

Delta earned an adjusted $1.72 a share on revenue of $17.59 billion, versus LSEG estimates of $1.75 and $17.67 billion, CNBC reported.

Highest / most active volume

Telecoms and towers dominated Friday’s action.

T-Mobile, AT&T and Verizon fell 10% to 13% and Crown Castle rose 12% on the SpaceX spectrum news, CNBC reported. NYSE advancers outnumbered decliners 1.65-to-1, Reuters said.

Biggest percentage gainers and losers

Humana +12%, Alignment Healthcare −14%.

Humana rose 12% on its Star Rating, Alignment Healthcare fell almost 14%, Park Aerospace fell 9%, and Teva and Lumentum gained 6% to 7%, CNBC reported.

Biggest changes in volatility

VIX fell 3.7% to 14.84.

The VIX closed at 14.84, down 3.70%, and the 10-year Treasury yield was 5.24%, up 1 basis point, per The Daily Tape market summary. Reuters said the 10-year recently hit its highest level in 24 years.

Unusual activity

Communication services lagged a higher tape.

The Communication Services ETF (XLC) fell 1.51% even as the broad market rose, Dean Financials reported. Gold futures for December rose 1.4%, CNBC said.

Technical confirmation and relative strength

S&P 500 closed at 7,811.54.

The Dow rose 0.83% to 51,654.95, the S&P 500 0.59% to 7,811.54 and the Nasdaq 0.64% to 27,366.17, with all three posting weekly gains, Reuters reported. The Russell 2000 rose 0.46% to 2,806.98 but finished below the prior Friday’s close.

Earnings reports

Big banks start Q3 season Tuesday.

JPMorgan, Goldman Sachs, Citigroup and Wells Fargo report Tuesday, and Morgan Stanley and Bank of America Wednesday; Johnson & Johnson, UnitedHealth and BlackRock also report next week, Reuters said. S&P 500 Q3 earnings are expected up more than 30%, per LSEG IBES.

Economic data releases

September CPI on Wednesday.

A Reuters poll expects September CPI up 3.6% year over year and core up 2.5%; producer prices and retail sales are also due next week, Reuters reported.

Fed and central bank events

Fed meets Oct. 27–28.

The Fed raised rates last month for the first time since 2023, and traders have reduced expectations of another hike at the Oct. 27–28 meeting, Reuters reported. A committee hearing on Fed Governor Lisa Cook is set for Nov. 5, CNBC said.

Industry and company-specific catalysts

Bank stocks down 9% in a month.

The S&P 500 banks index has fallen 9% over the past month amid higher Treasury yields heading into bank earnings, Reuters said.

Ex-dividend dates, splits, and corporate actions

Limited verifiable details from checked sources.

No major megacap ex-dividend or split announcements appeared in the coverage checked. Monday, Oct. 12, is Columbus Day: stock markets are open and the bond market is closed, 22V said.