Reno
Sunny Tuesday; Reno high near 75°F, South Lake Tahoe near 66°F
Northeast breezes around 5 mph; overnight lows near 50°F Reno / 47°F Tahoe.
75°FReno
66°FSouth Lake Tahoe
5 mphNE wind
National Weather Service point forecasts updated about 4:30 a.m. PDT Tuesday called for sunny skies and a high near 75°F in Reno, with calm wind becoming northeast around 5 mph in the afternoon.
South Lake Tahoe was forecast sunny with a high near 66°F and northeast wind around 5 mph. Overnight lows were near 50°F in Reno and 47°F at South Lake Tahoe under clear skies. NWS projects further warming into the low-to-mid 80s midweek in the Truckee Meadows.
Read on NWS →
Sparks police arrest murder suspect after weekend shooting
Charly Villalobos booked; Dante Williams died at Renown Medical Center.
Sparks Police arrested Charly Villalobos on a murder charge about 7 p.m. Sunday in connection with a fatal shooting in the 1500 block of Woodhaven Drive.
Officers responding about 11:39 p.m. Saturday found Dante Williams, who later died at Renown. A pursuit of a fleeing vehicle lost the occupants on foot before detectives and regional units located Villalobos.
Read on KOLO →
Washoe County sets August room-revenue record at $57.5M
Eighth consecutive record month for RSCVA room-tax revenue, tourism officials say.
Washoe County generated $57.5 million in taxable August room revenue, the highest single-month total on record and above the prior August 2024 mark of nearly $56 million.
Visit Reno Tahoe CEO Mike Larragueta said the haul reflected conventions, youth volleyball weekends, Hot August Nights (including a Virginia City kickoff), live entertainment, and outdoor recreation.
Read on KOLO →
TMFR curbside chipping applications close Oct. 1
Free defensible-space chipping and inspections available at TMFPD.us.
Truckee Meadows Fire and Rescue urged residents to apply for its free curbside chipping program before the Oct. 1 deadline.
WUI Community Coordinator Brett Taylor said vegetation within 5 feet of a home raises structure-loss risk and that free defensible-space inspections remain available.
Read on KOLO →
I-80 K9 stops yield cocaine and meth; two booked
About 2 kg cocaine near Patrick; about 3 lb meth near Keystone Avenue.
Washoe County Sheriff’s Office K9 Unit traffic stops on eastbound I-80 resulted in the seizure of about two kilograms of cocaine and about three pounds of methamphetamine.
Juan Quiroz-Delapaz, 32, and Gabino Barreras, 56, were booked on felony trafficking 400 grams or more, transporting, and possession with intent to sell.
Read on News 4 →
Coroner IDs three killed in South McCarran wrong-way crash
Nicole Lucero, 38; Michelle Dubois, 52; Scott Dubois, 54 — all of Reno.
The Washoe County Regional Medical Examiner’s Office identified the three people killed in Friday’s wrong-way crash on South McCarran Boulevard as Nicole Lucero, Michelle Dubois, and Scott Dubois.
Lucero died at Renown; Michelle and Scott Dubois were pronounced dead at the scene. Reno Police previously said alcohol appears to have been a factor.
Read on KOLO →
Bay Area
Bay Area Tuesday: SF near 77°F, San Jose near 86°F, Watsonville near 76°F
Sunny inland warmth; Coastal Flood Advisory through Oct. 1 for SF/Monterey Bay zones.
77°FSan Francisco
86°FSan Jose
76°FWatsonville
National Weather Service point forecasts updated about 1:36 a.m. PDT Tuesday called for San Francisco a sunny high near 77°F with light southwest wind becoming west 6 to 11 mph in the afternoon.
San Jose was forecast a sunny high near 86°F with northwest afternoon winds 6 to 11 mph and gusts as high as 22 mph. Watsonville was forecast a high near 76°F as skies become sunny, with southwest afternoon winds 5 to 7 mph. A Coastal Flood Advisory covers parts of the SF and northern Monterey Bay zones through 5 p.m. PDT Oct. 1.
Read on NWS →
BART shooting at Pittsburg/Bay Point injures three
Non-life-threatening injuries; one arrest; East Bay service disrupted Monday evening.
A shooting at the Pittsburg/Bay Point BART station Monday evening injured three people and temporarily disrupted service between North Concord/Martinez and Antioch.
BART police said an argument preceded the shooting; victims’ injuries were not life-threatening. One suspect was arrested nearby and a second was sought; a bus bridge was established while the station was closed.
Read on CBS Bay Area →
Newsom signs LGBTQ and reproductive-rights package
Data-sharing limits, PrEP coverage updates, and community-college medication abortion if funded.
Governor Gavin Newsom signed more than a dozen bills expanding LGBTQ and reproductive protections, including limits on sharing sexual orientation and gender identity data outside the state.
Other measures update California’s conversion-therapy ban, expand PrEP insurance reimbursement, and require community colleges with student health centers to offer medication abortion if lawmakers dedicate funding.
Read on KQED →
Newsom suspends summer-blend gas rule to ease pump costs
Winter-blend gasoline may be sold immediately; CEC directed to publish spot-market reports.
Governor Newsom on Monday suspended California’s seasonal summer-blend gasoline requirement for the remainder of the season and directed CARB and CDFA to allow winter-blend gasoline immediately under SB 237.
The governor’s office also directed the California Energy Commission to publish a regular public spot-market report for gasoline and diesel and to consider separate renewable-diesel price reporting.
Read on CA.gov →
Mad Dog / Kezar Pub owner arrested after alleged bat assault
Assault with a deadly weapon and robbery charges after Friday parking dispute.
San Francisco police arrested Cyril Hackett, 63, owner of Mad Dog in the Fog and the Kezar Pub, early Saturday on assault-with-a-deadly-weapon and second-degree robbery charges.
Officers responded just before 9 p.m. Friday to a Haight Street report of a baseball-bat assault tied to a parking dispute; jail records show booking at 1:17 a.m. Saturday.
Read on CBS Bay Area →
Multiple freeway crashes back up Bay Area traffic Monday
101 northbound near Vermont Street and westbound I-80 overturn among delays.
Multiple collisions Monday backed up Bay Area freeways, including a three-car crash on northbound U.S. 101 in San Francisco near Vermont Street and an overturned vehicle blocking two westbound I-80 lanes in the East Bay, the Chronicle reported.
Separately, a San Francisco judge denied more time for Nima Momeni’s defense to gather evidence for a retrial motion in the Bob Lee killing case.
Read on SFist →
Nation
DOT finalizes CAFE reset near 34.9 mpg by 2031
“Freedom Means Affordable Cars” rule vs. ~50.4 mpg under prior Biden-era standards.
The Transportation Department on Monday released a final rule resetting NHTSA Corporate Average Fuel Economy standards for model years 2022–2031, projecting a fleet average near 34.9 mpg by model year 2031.
DOT said the rule would cut average new-vehicle cost by about $1,300; Environmental Defense Fund cited NHTSA analysis projecting about $1,600 more in lifetime fuel costs. Alliance for Automotive Innovation said NHTSA “made the right call.”
Read on Roll Call →
Diesel export ban still under “very serious” review
AAA diesel ~$6.45 Monday; Goldman warns gasoline could rise once diesel storage fills.
President Donald Trump said Sunday the White House is “very seriously” considering a U.S. diesel export ban as national average diesel eased slightly to about $6.45 a gallon Monday after a $6.53 record on Sept. 22.
Goldman Sachs estimated an export ban could cut diesel about 25 cents a gallon while storage has room, then add about 30 cents a gallon to gasoline per additional week once diesel storage fills.
Read on CBS News →
White House moves to cancel $810M in appropriated funds
Pocket rescission near fiscal year-end; appropriators call it unlawful.
The White House moved to cancel about $810 million in already-appropriated health, education, housing counseling, and related funds, with the largest share about $567 million from HHS Office of Refugee Resettlement accounts.
Senate Appropriations Chair Susan Collins (R-Maine) and House Appropriations ranking member Rosa DeLauro (D-Conn.) called the late-fiscal-year pocket rescission unlawful.
Read on Roll Call →
U.S.–Iran mediator talks continue; reply eyed Tuesday
Araghchi meets Qataris in New York; Trump says officials spoke with mediators.
U.S. and Iranian officials held separate talks with mediators Monday as Tehran pressed for a response to its ceasefire framework tying Strait of Hormuz reopening to sanctions relief and related steps.
Foreign Minister Abbas Araghchi said he expects Washington’s reply by Tuesday. President Trump said U.S. officials spoke with mediators after rejecting Iran’s plan as unacceptable on Sunday.
Read on CNBC →
10-year Treasury yield hits highest since 2007
About 5.23% Monday as Hormuz oil uncertainty pressures stocks.
The yield on the 10-year Treasury climbed to about 5.23% Monday, its highest level since 2007, Associated Press reported, as oil-price uncertainty tied to Hormuz access continued.
AP said the yield move knocked indexes further from record highs even as Nvidia climbed on a large buyback announcement.
Read on AP via Seattle Times →
World
Mediators push Hormuz deal as Middle East crude rebounds
Araghchi expects Tuesday U.S. reply; Hormuz clearances still well below pre-war baseline.
Iranian Foreign Minister Abbas Araghchi met Qatari mediators in New York Monday and said he expects a U.S. response Tuesday on Tehran’s revised ceasefire framework.
Kpler said Middle East crude exports rebounded to just under 80% of pre-conflict levels, while Strait of Hormuz clearance was 10,591 kilobarrels a day Saturday versus a pre-war baseline of 17,133.
Read on CNBC →
Russian drone hits Kyiv Academy of Sciences; 2 dead
Zelenskyy: 9 killed, 80+ wounded nationwide Monday; jet drones dominate the wave.
A Russian drone strike hit Ukraine’s National Academy of Sciences in central Kyiv on Monday, killing at least two people, with further explosions reported early Tuesday.
President Volodymyr Zelenskyy said at least nine people were killed and more than 80 wounded in Monday drone strikes nationwide, and that 90 of 120 drones fired Monday were jet-propelled.
Read on Al Jazeera →
Ukraine: Russia hits medical, pharma, and telecom targets
Dnipro and Zaporizhzhia among cities struck; Kyivstar and Vodafone hit in recent days.
Ukrainian officials said Russian strikes also hit a medical facility in Kyiv, a pharmaceutical company, petrol stations, and sites in Dnipro and Zaporizhzhia.
Al Jazeera reported a rolling multi-day campaign hitting economic and communications infrastructure, including recent hits on Kyivstar and Vodafone Ukraine.
Read on Al Jazeera →
Hormuz terms remain disputed as contacts continue
PBS: mediators still working after Trump rejected Tehran’s seven-day proposal.
Mediators continued working on a U.S.–Iran deal after President Trump rejected Tehran’s latest seven-day Hormuz reopen proposal, with terms still disputed.
Washington has insisted nuclear-program issues be addressed for sanctions relief, while Tehran has tied Hormuz reopening to sanctions, frozen funds, and blockade relief.
Read on PBS NewsHour →
Business
Stocks slip Monday as yields climb
S&P 7,683.69 (−0.8%); Dow 51,481.51 (−0.7%); Nasdaq 26,820.38 (−0.9%).
U.S. stocks fell Monday as the 10-year Treasury yield reached its highest level since 2007, Associated Press reported.
The S&P 500 closed at 7,683.69 (−59.72), the Dow at 51,481.51 (−347.11), and the Nasdaq Composite at 26,820.38 (−248.34). The Russell 2000 fell 0.7% to 2,817.91.
Read on AP via Seattle Times →
CAFE reset moves auto and EV names
Tesla shares dropped after DOT’s final rule announcement, Roll Call reported.
DOT’s final CAFE rule projecting about 34.9 mpg by model year 2031 moved auto and EV equities Monday.
Transportation Secretary Sean Duffy said the rule ended what he called an illegal EV production mandate; Alliance for Automotive Innovation backed the direction while EDF warned of higher lifetime fuel costs.
Read on Roll Call →
Nike sets Oct. 1 after-close earnings for fiscal 2027 Q1
Conference call 2:00 p.m. PT; consensus tracking near $0.44 EPS / ~$11.3B revenue.
Nike, Inc. remains scheduled to release fiscal 2027 first-quarter results Thursday, Oct. 1, after the U.S. market close, with a conference call at 2:00 p.m. Pacific Time.
The report lands after Wednesday’s August Core PCE and before Friday’s September nonfarm payrolls; Micron is also on the midweek earnings calendar.
Read on StockTitan →
Analysts warn diesel export ban could lift gasoline later
Kpler: ban could keep ~1.2M bpd at home and overwhelm Gulf Coast storage.
Goldman Sachs and Wood Mackenzie warned a prolonged U.S. diesel export ban could eventually lift gasoline prices as refiners cut crude runs once diesel storage fills.
Kpler estimated an outright ban would keep roughly 1.2 million barrels a day at home and risk overwhelming Gulf Coast storage as retail diesel remains near records.
Read on CBS News →
Markets
U.S. cash equities closed Monday lower. Figures below mix Monday’s cash close and the forward calendar for Sept. 29–Oct. 2.
Highest and most active volume
Monday selling concentrated in broad indexes as the 10-year hit multi-year highs.
Monday’s cash session concentrated selling pressure across major indexes as the 10-year Treasury yield hit multi-year highs and Hormuz oil uncertainty persisted.
Associated Press noted Nvidia’s buyback-related climb was not enough to offset broad declines; energy and megacap tech remained high-liquidity focal points into Tuesday.
Read on AP via Seattle Times →
Biggest percentage gainers and losers
S&P −0.8%, Dow −0.7%, Nasdaq −0.9%, Russell 2000 −0.7%.
Monday closes: S&P 500 7,683.69 (−0.8%), Dow 51,481.51 (−0.7%), Nasdaq Composite 26,820.38 (−0.9%), Russell 2000 2,817.91 (−0.7%).
Growth and tech underperformed on higher yields while Nvidia was a relative bright spot on buyback news.
Read on AP via Seattle Times →
Biggest changes in volatility
10-year near 5.23%–5.24% and swinging crude were the primary vol drivers.
The 10-year Treasury yield near 5.23%–5.24% and swinging crude prices were the primary volatility drivers after Sunday’s Hormuz-rejection spike.
Oil later eased from highs on mediation headlines; equity volatility was reported higher into the mid-teens in Monday wraps.
Read on AP via Seattle Times →
Unusual activity and catalysts
CAFE final rule, diesel-export talk, Hormuz mediation, Nvidia buyback.
Catalysts include finalized CAFE standards, diesel-export deliberation, U.S.–Iran mediator contacts with a possible Tuesday reply, and Nvidia’s large buyback.
Defined-risk interest centers on energy, refiners, autos and EVs, AI megacaps, and rates-sensitive growth.
Read on CNBC →
Technical confirmation and relative strength
Monday closes: Dow 51,481.51 · S&P 7,683.69 · Nasdaq 26,820.38.
Cash indexes start Tuesday from Monday closes of Dow 51,481.51, S&P 500 7,683.69, and Nasdaq Composite 26,820.38 after a soft session off Friday’s highs.
Relative-strength watches include energy versus duration-sensitive growth, Nvidia versus broader semiconductors, and autos after the CAFE reset.
Read on AP via Seattle Times →
Earnings reports
Nike (NKE) after the close Thursday, Oct. 1; Micron midweek.
Nike is scheduled to release fiscal 2027 first-quarter results after Thursday’s close, with a conference call at 2:00 p.m. PT. Consensus tracking cited around $0.44 EPS on roughly $11.3 billion revenue.
Micron is also on the midweek earnings calendar ahead of Friday’s payrolls print.
Read on StockTitan →
Economic data releases
August Core PCE Wednesday, Sept. 30; September payrolls Friday, Oct. 2.
Markets will watch the August personal consumption expenditures price indexes—the Federal Reserve’s preferred inflation gauges—on Wednesday, with September nonfarm payrolls due Friday.
Those prints will be read against a 10-year yield already near two-decade highs.
Read on FXEmpire →
Fed and central bank events
No FOMC decision this week; yields near 5.23% already tightening conditions.
Higher term yields near 5.23%–5.24% are tightening financial conditions ahead of Core PCE without a scheduled FOMC decision this week.
Traders continue to price policy risk alongside inflation and labor data; confirm Fed-funds futures odds on your platform Tuesday morning.
Read on AP via Seattle Times →
Industry and company-specific catalysts
CAFE standards, diesel-export deliberation, Hormuz mediation, Nvidia buyback.
Final CAFE standards near 34.9 mpg by MY2031, diesel-export deliberation, Hormuz mediation timelines, and Nvidia buyback execution are the main sector catalysts.
AAA diesel near $6.45 Monday and California’s winter-blend fuel suspension frame consumer fuel-cost pressure on both coasts.
Read on Roll Call →
Ex-dividend dates, splits, and other corporate actions
Limited major large-cap ex-div/split detail verified for Tuesday’s session.
Checked sources highlighted ongoing buyback headlines, including Nvidia’s program boost, more than a dense Tuesday ex-dividend calendar for megacaps.
Traders should confirm individual ticker ex-div and corporate-action calendars with their brokers before the open.
Read on AP via Seattle Times →