The Varni Daily

Washoe County early voting begins Oct. 17

All mail ballots have gone out; six “super centers” will add capacity.

Registrar of Voters Andrew McDonald told county commissioners Tuesday that 18 vote centers will be open for early voting and 41 on Election Day, Nov. 3, KOLO reported. The six super centers will have more parking, at least 20 voting booths and extra check-in stations; their locations have not been released.

School board approves $46 million purchase for new district offices

Trustees voted unanimously for the property at 5250 S. Virginia St.

The Washoe County School District said the purchase would use a combination of capital funding streams, including new rollover bonds, and no sales tax revenue, KOLO reported.

Reno man killed in suspected hit-and-run near industrial center

Philip Arnold, 47, was found Sunday morning near Electric Avenue east of USA Parkway.

The Storey County Sheriff’s Office said deputies found Arnold dead just before 10 a.m. Sunday and that the initial investigation showed he was struck in a hit-and-run, KOLO reported. Witnesses are asked to call investigators at 775-847-0959.

Police seek missing 71-year-old Reno man

Kevin Hansen was last seen Friday at the Hyatt Place on South Virginia Street.

Reno police described Hansen as 5-foot-4 and 210 pounds with medium-length white hair and brown eyes, KOLO reported. Anyone with information can call 775-334-2121.

Tribal members in Reno call for a missing Indigenous people alert system

Advocates point to a Washington state system as a model for Nevada.

Tribal members and allies gathered downtown on Indigenous Peoples’ Day, KOLO reported. Nevada’s state missing and murdered Indigenous people page lists 10 people; advocates said the list is incomplete and there is no fully centralized database.

PG&E warns of possible power shutoffs in five Bay Area counties

About 11,000 customers could lose power starting Wednesday.

PG&E said wind, low humidity and dry vegetation in the forecast prompted warnings to customers, including in the Berkeley and Oakland hills, ABC7 reported. CBS San Francisco reported about 4,700 homes in Alameda County could be affected, with the potential shutoff window running through Saturday.

Opening statements begin in ex-Oakland Mayor Sheng Thao’s corruption trial

Jury selection wrapped Tuesday; the trial is expected to last about six weeks.

Thao faces bribery, fraud and corruption charges, along with her partner, Andre Jones, and California Waste Solutions executives David and Andy Duong, ABC7 reported. Prosecutors allege David Duong sought to bribe public officials to advance the recycling company’s interests with the city.

San Francisco school board votes to end the citywide enrollment lottery

The district plans to move to neighborhood-based assignment, targeted for 2028.

The San Francisco Unified School District board voted Tuesday night to replace the 15-year-old lottery with a system that keeps more students in schools near home, the San Francisco Chronicle reported. Details on how neighborhood zones are drawn still need to be worked out, NBC Bay Area reported.

BART ridership hits post-pandemic highs as agency faces $300 million deficit

More than 200,000 riders each weekday last week; over 250,000 one day.

Overall ridership is up 13% from a year ago, ABC7 reported. BART has warned of possible service cuts and station closures if Measure RTM, a proposed 14-year regional sales tax on the November ballot, does not pass.

Cloverdale council to vote on large housing and resort project

The 266-acre plan includes a resort hotel, hundreds of homes and an event center.

The Cloverdale City Council is scheduled to consider the Esmeralda Land Company proposal Wednesday on the site of a former wood treatment plant, KQED reported. Some residents have raised environmental concerns about the project.

Judge extends order blocking White House ban on three news outlets

Preliminary injunction covers CNN, MS NOW and Politico while the lawsuit continues.

U.S. District Judge Timothy J. Kelly found the outlets were likely to succeed on First Amendment and due-process claims, the AP and CBS News reported. The order concerns access to the White House complex.

Houston-area prosecutor says ICE agent appeared to intentionally hit man with vehicle

Harris County DA weighs aggravated assault charge; ICE says the man ran in front of the vehicle.

District Attorney Sean Teare said surveillance video made it “pretty obvious” the agent struck Miguel Parra-Hernandez, 48, who needed surgery for a broken leg, the AP and NBC News reported. Teare also said ICE drove the vehicle away before investigators could preserve its crash-recorder data.

House Democrats outline a 100-day agenda if they win the majority

Plans center on affordability and oversight of the administration.

Democratic leader Hakeem Jeffries, in line to become speaker if his party wins control in the Nov. 3 midterm elections, described the plans, the AP reported.

Russian strikes kill at least nine in Ukraine, cut power to hundreds of thousands

Attack hit Kyiv power and heating plants days after Trump announced an “energy ceasefire.”

Russia’s Defense Ministry said it carried out a “massive” strike on energy and communications facilities, Al Jazeera reported. Ukraine’s air force said Russia launched 39 missiles and 128 drones and that four missiles and 115 drones were shot down; Zelensky said at least 600,000 people lost power, the BBC reported.

Zelensky said Ukraine got no early warning from partners about ballistic missiles aimed at Kyiv and accused Russia of breaking the ceasefire. Russia said it downed 902 Ukrainian drones overnight, and a drone strike killed one person in Balakovo in Russia’s Saratov region.

Pope Leo XIV diagnosed with lung cancer after surgery

Doctors removed the lower lobe of his right lung; the Vatican says he had a peaceful night.

The surgery Tuesday confirmed lung adenocarcinoma, the most common type of lung cancer, and doctors are awaiting further test results before deciding on treatment, the AP reported. The Vatican said the 71-year-old pontiff’s surgery was successful with no complications.

Iran says cargo ship sank after hitting a mine in the Strait of Hormuz

Few immediate details were released.

Separately, a Gaza hospital said an Israeli strike killed a woman, and Iran executed a man it accused of an “armed operation” in support of exiled former Crown Prince Reza Pahlavi, the AP reported.

Saudi-led coalition says it downed Houthi missile aimed at Riyadh

The Houthis threaten further attacks on Saudi airports and oil sites.

The threat follows Houthi attacks on Saudi Aramco facilities in Dhahran and Riyadh and on King Khalid International Airport, Al Jazeera reported. Saudi officials said falling debris injured at least four people.

Death toll rises to six from Hurricane Simon and Rachel remnants in Mexico

Five deaths are linked to flooding in Ensenada, Baja California.

Simon’s rains killed one person in Guerrero, and authorities warned of more flooding and rising rivers in Nayarit and Sinaloa, the AP reported.

Four big banks post higher quarterly profits as stock trading jumps

JPMorgan, Wells Fargo, Goldman Sachs and Citi earned a combined $31.8 billion.

Net income was $15.3 billion at JPMorgan, $6.0 billion at Wells Fargo, $5.3 billion at Goldman Sachs and $5.2 billion at Citigroup, all up from a year earlier, according to the banks’ releases compiled by The Financial Current. Goldman’s equities revenue rose 72% and JPMorgan’s 49%.

Citigroup shares fell 5.6% Tuesday, the worst on the KBW bank index, Investing.com reported. Bank of America, Morgan Stanley and BlackRock report Wednesday.

Treasury fines Bank of America $1.2 billion

Regulators cite money-laundering control failures and sanctions violations.

The penalty includes a record $750 million civil penalty from the Office of the Comptroller of the Currency, the Treasury Department said. The bank also reached an $11.6 million settlement over 475 apparent sanctions violations, and FinCEN said it failed to report more than $5 billion in suspicious transactions on time.

September consumer price report due before the open

Economists forecast 3.6% annual inflation, up from 3.4% in August.

The Labor Department report is one of the last price readings before the midterm elections, the AP reported, citing a FactSet survey. Core inflation, excluding food and energy, is forecast at 2.5%, Investing.com reported.

China’s exports jump 36.3% in September

The trade surplus reached $938 billion for January through September.

Imports rose 31%, leaving a September surplus of about $133.5 billion, the AP and NBC News reported. The pace puts China on track to top last year’s record surplus of about $1.2 trillion.

ASML raises low end of 2026 sales outlook on AI demand

The chip-equipment maker warned supply may not fully meet demand for two years.

Nasdaq 100 futures pared gains after the report, XTB said; Investing.com reported ASML lifted its annual forecast.

Highest / most active volume

Bank stocks in focus on earnings.

Citigroup fell 5.6% Tuesday, the worst performer on the KBW bank index, after JPMorgan, Goldman, Citi and Wells Fargo reported, Investing.com said; Bank of America and Morgan Stanley report Wednesday.

Biggest percentage gainers and losers

BlackRock up over 5% premarket; Bank of America down about 4%.

TradingKey reported the premarket moves early Wednesday, after Treasury’s $1.2 billion fine on Bank of America.

Biggest changes in volatility

CPI sets up a potentially large move.

FXStreet noted the S&P 500 closed at 7,805, with support near 7,710 and resistance near 7,815 ahead of the 8:30 a.m. ET report.

Unusual activity

AI and chip names react to ASML.

Nasdaq 100 futures pulled back after ASML’s results, XTB said, while Anthropic is reportedly set to share revenue figures at an investor day, Investing.com reported.

Technical confirmation and relative strength

Indexes ended Tuesday slightly lower.

The S&P 500 fell 0.02% to 7,805.45, the Dow 0.35% to 51,670.10 and the Nasdaq 0.15% to 27,204.38, the AP reported. Early Wednesday, Dow and S&P 500 futures were up about 0.2% and Nasdaq 100 futures were flat, Investing.com said.

Earnings reports

Bank of America, Morgan Stanley and BlackRock report before the bell.

The reports round out the first week of big-bank earnings, Investing.com said.

Economic data releases

September CPI at 8:30 a.m. ET.

Forecasts call for 0.6% monthly and 3.6% annual headline inflation, and 0.2% monthly and 2.5% annual core, FXStreet said.

Fed and central bank events

Beige Book and a Barkin speech Wednesday.

The Federal Reserve publishes its Beige Book Wednesday afternoon, and Richmond Fed President Thomas Barkin is scheduled to speak, XTB said.

Industry and company-specific catalysts

Banks, chips and Chinese trade in focus.

China reported a 36.3% jump in September exports, the AP said, and ASML raised the low end of its 2026 sales outlook.

Ex-dividend dates, splits, and corporate actions

Limited verifiable details from checked sources.

Goldman Sachs declared a quarterly dividend of $5.00 a share with its results, The Financial Current reported.