Reno
Pedestrian killed on Casazza Drive
Jaywalking; driver cooperating; speed/impairment not suspected.
A male pedestrian died Wednesday evening after being struck by a westbound SUV on Casazza Drive just east of Wells Avenue, Reno Police said. Preliminary findings indicate he was jaywalking; he was pronounced dead at the scene and not yet identified.
The driver stayed and is cooperating. Police said neither excessive speed nor impairment appear to be factors. Reno Police Major Accident Investigation Team is leading the probe.
Read on KOLO →
Dump truck overturns on southbound I-580
Driver moderately hurt at Second Street exit; road temporarily closed.
A commercial dump truck overturned Wednesday on southbound Interstate 580 at the Second Street exit, sending the lone driver to the hospital with moderate injuries after Reno Fire extricated him.
Nevada Highway Patrol is investigating. The roadway was closed while crews uprighted and towed the truck and cleaned the scene.
Read on News 4 →
Man arrested in downtown Reno shooting
Damon Brown, 25, faces firearm and obstruction charges.
Reno police arrested Damon Brown, 25, after a Sunday early-morning fight near West 2nd Street and West Street in which a gun was fired. Officers said he fled before a taser deployment; a Glock and a fired casing were recovered.
Charges include discharging a firearm in public, obstructing/resisting with a deadly weapon, ex-felon in possession, and carrying concealed without a permit.
Read on KOLO →
Reno woman indicted in Social Security theft case
DOJ: >$102k deposited after uncle’s death; ≥$15k converted.
Sherry Kim Picetti of Reno was indicted on one count of theft of government money after DOJ said SSA kept depositing a deceased uncle’s benefits and she converted at least $15,000 of more than $102,000 deposited after his death.
Trial is set for Dec. 1; conviction carries a maximum of 10 years. First Assistant U.S. Attorney Sigal Chattah emphasized partnership with SSA OIG.
Read on KOLO →
Floriston Fire holds near 96% containment
622 acres; last warning lifted; forest closure remains.
The Floriston Fire west of Verdi / northeast of Truckee remained mapped at about 622 acres and 96% contained in the latest 2News refresh, after Tuesday’s KOLO 95% update.
The last evacuation warning is lifted and I-80 is open; a forest closure for firefighter safety continues during mop-up.
Read on 2News →
Northern Nevada mortgages near 7%
Broker: nearer historical average; more buyer room.
Local mortgage rates near 7% remained in this week’s KOLO housing coverage, with broker Sue Barry saying the level is closer to a historical average than a spike and that slower demand has improved buyer negotiating room.
Barry cited inflation, global conflict, and fuel costs; buydowns and seller concessions remain common tools.
Read on KOLO →
Bay Area
SF supervisors affirm PG&E grid acquisition EIR
Unanimous vote rejects PG&E appeal; CEQA step cleared.
The San Francisco Board of Supervisors unanimously affirmed the final Environmental Impact Report for the city’s proposed acquisition of PG&E’s local electric grid, dismissing PG&E’s appeal of the Planning Commission’s July certification.
City expert testimony values the assets at about $3.4 billion; the CPUC has directed PG&E to provide its valuation by Oct. 20. Further approvals are still required before any purchase.
Read on SFPUC →
Angel Island prescribed burn smokes San Francisco
State Parks / Marin Fire burn through Thursday; AQI spikes.
A controlled burn on Angel Island produced smoky skies over parts of San Francisco on Wednesday, with some monitors showing unhealthy readings in Japantown, Western Addition, and Jackson Square.
Officials said the burn is rotational fire-risk work coordinated with the Bay Area Air District; smoke could linger up to three days. Guidance: stay indoors, close windows, run purifiers if available.
Read on KALW →
California gas and diesel remain at record highs
AAA: gas ~$6.19; diesel ~$8.44 — highest diesel on record.
California’s statewide averages near $6.19 gasoline and $8.44 diesel continued to squeeze drivers and farmers, with some San Jose stations near $6.80/$8.79, NBC Bay Area reported.
Analysts tie elevated prices to Middle East crude constraints and reduced global refining; farm and trucking operators say diesel costs are hard to pass through on contracts.
Read on NBC Bay Area →
El Niño emergency prep continues across Bay Area
Flood, landslide, and coastal-erosion readiness urged.
Follow-through on Gov. Gavin Newsom’s statewide El Niño emergency proclamation continued as Bay Area and state officials urged residents to prepare for a potentially historic wet winter.
Coverage cited staging of flood and snow equipment and scientific warnings of temporary El Niño sea-level lift atop long-term rise during an 18-year high-tide cycle peak.
Read on KALW →
Transit funding failure could lengthen Bay Area drives
ABC7 / SPUR: Bay Bridge and service cuts at stake in November.
Regional coverage warned Bay Area commuters could face longer drives and service reductions if November transit funding measures fail, with SPUR previously warning Bay Bridge traffic could roughly double.
Advocates framed the measures as capacity insurance alongside El Niño storm-season preparedness.
Read on ABC7 →
SF supervisors push home-kitchen legalization
Opt into AB 626; 200 meals/week and $200k gross caps.
Supervisors Fielder, Melgar, Walton, and Mahmood’s ordinance for San Francisco to opt into California’s Microenterprise Home Kitchen Operations law remained in the news after Tuesday’s introduction.
If approved after health inspections, SF would join Alameda, Santa Clara, Solano, San Mateo, and Sonoma counties already opted in.
Read on KQED →
Nation
Judge restores White House access for three outlets
14-day TRO for CNN, MS NOW, and Politico after Wed hearing.
U.S. District Judge Timothy Kelly early Thursday issued a temporary restraining order requiring the White House to restore hard-pass access for CNN, MS NOW, and Politico, writing that plaintiffs met the “high bar” for a TRO including likelihood of success and irreparable harm.
Kelly, a Trump nominee who ordered CNN access restored in the 2018 Acosta case, heard arguments Wednesday. The order lasts 14 days pending further review.
Read on Los Angeles Times →
NBC: due-process gaps cited in media-ban TRO
Prior notice, hearing, and clear standards flagged.
Parallel NBC and other accounts said Kelly found the credential revocations lacked prior notice, a hearing, or clear standards on the current record and rejected unsupported national-security justifications for the TRO phase.
The outlets argue viewpoint discrimination; the administration has contended White House access is a privilege tied to sensitive-reporting concerns.
Read on NBC News →
Second judge: EPA unlawfully killed $7B solar grants
Chutkan vacates Solar for All termination; EPA may appeal.
U.S. District Judge Tanya Chutkan ruled the EPA under Administrator Lee Zeldin exceeded its authority when it rescinded already-awarded Solar for All grants under the Inflation Reduction Act.
She said the One Big Beautiful Bill Act did not disturb obligated grant funds. A Rhode Island judge reached a similar result last week; Harris County’s award was about $249.7 million.
Read on Reuters →
U.S.–China tariff truce extended to Jan. 10
Bessent announcement as Trump greets Xi at Andrews.
Treasury Secretary Scott Bessent said the United States and China agreed to extend last year’s tariff truce to Jan. 10, 2027, as President Trump gave Xi Jinping a rare Joint Base Andrews tarmac welcome ahead of Thursday’s White House bilateral.
Agenda items include AI regulation and Taiwan arms sales; executives from GM, Meta, Apple, Amazon, and Tesla were also expected to meet the leaders.
Read on CNBC →
White House pushes faster state voter-roll reviews
DHS obtained ≥47 state rolls; Nevada verified 185 of ~16k.
Reuters reported the White House pressed agencies to accelerate review of at least 47 state voter rolls obtained by DHS in a search for noncitizen voters as midterms near.
Nevada officials said DHS verified only 185 of nearly 16,000 preliminary matches after the state pressed for evidence — a gap that remains a flashpoint in election-administration disputes.
Read on Reuters / ThePrint →
Pezeshkian at UN answers Trump’s Iran rhetoric
Hormuz diplomacy and diesel-export talk keep oil risk live.
Iranian President Masoud Pezeshkian’s UNGA address blamed the U.S. and Israel for regional instability a day after Trump floated negotiating after midterms or “annihilating” Iran.
Mediated U.S.–Iran talks earlier in the week and talk of possible U.S. diesel-export limits kept energy-market caution elevated into the Trump–Xi meeting.
Read on CNBC →
World
Russian strikes kill eight across Ukraine
Kharkiv farm and Kyiv hits as U.S. diplomacy intensifies.
Russian drone and missile attacks killed at least eight people Thursday — six in a Kharkiv-region farm strike and two in Kyiv, including one near a maternity-hospital car park — as U.S. officials stepped up UNGA-side diplomacy with both warring parties.
Ukraine’s air force cited hypersonic and ballistic missiles, 282 drones, and other weapons; Russia said it hit defense and logistics sites. No ceasefire was announced.
Read on Al Jazeera →
AP: overnight civilian toll at least eight
Romania and Moldova report airspace incidents.
ABC/AP wire reporting similarly put overnight civilian deaths at least at eight as UN General Assembly week continued without a breakthrough settlement path.
Romania said a drone briefly violated its airspace before crashing; Moldova reported multiple incursions and closed part of its northern airspace.
Read on ABC News / AP →
U.S. invites Putin to Miami G20
No deals after separate UNGA-side meetings Wednesday.
After Wednesday meetings with Russian and Ukrainian officials on the UNGA sidelines, the United States invited Vladimir Putin to the next G20 summit in Miami; no agreements were announced.
The invite lands amid continuing debate over a reciprocal energy ceasefire that Kyiv said it was ready for and Moscow has dismissed as rhetoric.
Read on Al Jazeera →
Germany, Türkiye press Black Sea grain safety
Wadephul seeks ceasefire start at sea; Erdogan to Zelenskiy.
German Foreign Minister Johann Wadephul called for a full immediate ceasefire starting in the Black Sea so Ukraine’s strong grain harvest can reach world markets, while Turkish President Erdogan told Zelenskiy attacks on commercial vessels are “inexplicable.”
The EBRD warned developing-economy growth is slowing partly on energy and wheat prices.
Read on Al Jazeera →
Poland scrambles jets; Starlink site fire called sabotage
Czech fighters aid; Moscow denies hybrid-warfare claims.
Poland deployed aircraft to secure airspace during the Ukraine strike wave and said a fire at a Starlink ground station was deliberate sabotage aimed at cutting institutional internet access.
Deputy PM Krzysztof Gawkowski called it hybrid warfare aligned with Russia’s attack doctrine; Moscow denied such attacks. NATO contingency plans were referenced by Foreign Minister Sikorski.
Read on Al Jazeera →
Brent crude back above $100
U.S.–Iran barbs and Hormuz uncertainty lift oil risk.
Brent crude moved back above $100 a barrel as U.S. and Iranian leaders exchanged barbs at the UN and Hormuz diplomacy remained unresolved into the Trump–Xi meeting.
Talk of possible U.S. diesel-export restrictions added caution; airlines and cruise operators softened in Thursday premarket trading.
Read on Reuters →
Business
Yield spike drives Wednesday equity selloff
Dow −0.7%; S&P −0.8%; Nasdaq −1.1%; 10-year at 5.135%.
U.S. stocks sold off Wednesday as the 10-year Treasury yield jumped to 5.135% — its highest since July 2007 — on hot inflation data and hawkish comments from Fed Governor Michael Barr.
The Dow fell more than 350 points (0.7%), the S&P 500 slid 0.8%, and the Nasdaq Composite lost 1.1%, ending a four-day win streak. The 2-year yield reached 4.947%.
Read on CNBC →
Thursday futures soft into Trump–Xi
Dow −0.29%; S&P −0.51%; Nasdaq 100 −0.91% at ~7:32 a.m. ET.
Wall Street futures dropped Thursday on Middle East uncertainty and caution ahead of the Trump–Xi summit, with airlines, cruise lines, and AI/chip names leading declines.
Meta fell about 1.9% and Nvidia about 1% in premarket; Marvell and Intel slid roughly 3% each. The VIX hit a one-week high near 16.06.
Read on Reuters →
FedWatch: ~71% odds of October hike
Williams: another hike this year “reasonable.”
CME FedWatch odds of at least a 25-basis-point October hike rose to about 71% from roughly 50% a day earlier after energy costs and activity data firmed the case for tighter policy.
New York Fed President John Williams said it was reasonable to think rates might need to be raised again this year; additional Fed speakers were on Thursday’s calendar.
Read on Reuters →
Costco reports after the close
Consensus ~$94.85B revenue / ~$6.52 EPS; ±3% options move.
Costco was due to report fiscal fourth-quarter results Thursday after the close, with Visible Alpha consensus near $94.85 billion in revenue and $6.52 EPS.
Options priced roughly a ±3% weekly move. Bank of America cut its price target to $1,095 from $1,200 on margin and fuel-cost caution; membership growth remains a key watch.
Read on Investopedia →
MGM plunges as People Inc withdraws buyout bid
MGM −9.3%; Knife River +5% on Starboard; Darden −5.5%.
MGM Resorts fell 9.3% in premarket after Barry Diller’s People Inc withdrew its proposal to buy the casino operator. Knife River rose 5% after activist Starboard disclosed a significant stake.
Darden Restaurants dropped 5.5% after the Olive Garden parent missed first-quarter sales and profit estimates.
Read on Reuters →
Corporate diplomats line up for Trump–Xi
GM, Meta, Apple, Amazon, Tesla on summit guest list.
Beyond the Jan. 10 tariff-truce extension, markets watched expected meetings between Trump, Xi, and top U.S. tech and auto executives on AI safety and commercial ties.
Reporting indicated chip export controls were off the table even as AI governance remained on the agenda.
Read on Reuters →
Markets
Volume leaders: AI, travel, rates-sensitive names
Confirm META, NVDA, chips, airlines vs 20-day averages.
Highest relative-volume focus into Thursday centered on Muse/AI mega-caps reversing from earlier-week records, chip names, and energy-sensitive airlines and cruise operators after Brent moved back above $100.
Treasury-sensitive financials also warrant confirmation after Wednesday’s multi-year yield spike.
Read on Reuters →
Gainers and losers into the open
MGM −9.3%; Darden −5.5%; Knife River +5%; NDX futures softest.
Premarket percentage movers were led by deal and earnings idiosyncrasies — MGM on a withdrawn buyout, Darden on a miss, Knife River on activist news — while Nasdaq 100 futures (−0.91%) lagged Dow futures (−0.29%).
Wednesday’s cash session had already punished growth on the 10-year surge to 5.135%.
Read on Reuters →
Volatility: VIX one-week high near 16
Equity IV moderate vs oil and long-bond event risk.
The CBOE Volatility Index climbed to a one-week top near 16.06 as futures softened and traders priced Hormuz, summit, and Fed-path uncertainty.
Oil and long-end Treasury volatility remain the faster gauges while equity IV stays relatively contained versus those macro drivers.
Read on Reuters →
Catalysts: summit, TRO, oil, Costco, claims
Cross-asset watchlist for a headline-heavy Thursday.
Unusual activity catalysts include the Trump–Xi summit, the Jan. 10 trade-truce extension, Judge Kelly’s media-access TRO, the Ukraine strike wave, Brent above $100, Costco after the close, and weekly jobless claims.
Cross-asset focus: crude, long bonds, mega-cap AI, and China-exposed semis.
Read on Reuters →
Technical: Nasdaq RS cracked after four-day streak
Duration pressure from 10-year and 30-year highs.
Nasdaq relative strength cracked after Wednesday’s 1.1% drop ended a four-day win streak, with the 10-year at a July 2007 high and the 30-year at its highest since 2004 pressing growth duration.
Traders will watch META and NVDA versus VWAP and whether SOX holds if oil stays firm.
Read on CNBC →
Earnings: Costco is the week’s key consumer print
Membership, fuel margins, and tariff-refund pricing in focus.
Costco after Thursday’s close remains the primary earnings catalyst; Darden’s miss already set a soft tone for restaurant comps.
Options imply roughly a ±3% weekly Costco move around consensus revenue and EPS estimates.
Read on Investopedia →
Data: jobless claims; Fed speakers continue
Claims secondary to oil/summit for risk assets today.
Weekly jobless claims and remarks from Fed policymakers Barkin, Hammack, and Paulson fill Thursday’s domestic calendar after Barr’s hawkish turn was already digested into FedWatch.
Soft claims alone are unlikely to unwind the ~71% October hike probability while energy stays elevated.
Read on Reuters →
Fed path: hike odds jump after Barr and Williams
~71% chance of ≥25 bp in October; further 2026 hikes live.
Policy pricing tightened sharply after Barr said further adjustments are likely and Williams called another hike this year reasonable.
Markets still frame restrictive policy around AI demand and Iran-war energy costs.
Read on Reuters →
Single-name: Muse, Charm, and activist tape
Meta accessory launch; Amazon Muse dispute; MGM/Knife River.
Industry catalysts include Meta’s Charm handheld for Muse, Amazon’s disputed block of Muse shopping access, the MGM–People deal break, and Starboard’s Knife River stake.
AI middleman disruption remains a stock-picking theme under higher yields.
Read on CNBC →
Corporate actions quiet vs event risk
Screen overnight notices; COST and summit dominate.
Large-cap ex-dividend and split headlines were limited versus the geopolitics and earnings slate; traders should still screen premarket for overnight notices.
Primary U.S. cash catalysts today remain Costco, claims, and Trump–Xi headlines.
Read on Reuters →