The Varni Daily

Panel backs Washoe schools’ purchase of new administrative campus

Two-part deal at Virginia Street and McCarran Boulevard totals just under $46.5 million.

The Capital Funding Protection Committee, made up of Reno, Sparks and Washoe County leaders, gave a favorable recommendation for the Washoe County School District to buy an 85,000-square-foot office building for $34.5 million and an adjacent lot for about $12 million, News 4 reported. The district says its roughly 550 central-service employees work in aging, fragmented space.

Sparks Councilman Paul Anderson said the purchase would use bond revenue, property sales and reserve capital, not protected WC-1 school funds; Washoe Parent Coalition founder Brandi Vesco said playground needs should come first. Trustees are expected to discuss it Tuesday, Oct. 13.

Washoe commissioners take up solar project and code changes Tuesday

Proposed Honey Lake Valley project: up to 450 megawatts of solar.

The Washoe County Commission meets at 10 a.m. Tuesday, Oct. 13, to hold a hearing on a regional-plan amendment for a solar project with a 200-megawatt battery system on about 1,680 acres, This Is Reno reported. The agenda also includes nuisance and code-enforcement ordinance changes, a three-year Microsoft agreement of up to $2,125,511 a year, and a $347,500 contract for hazardous-waste removal after the Hawk, Bug and Stallion fires.

Crews fight fire at Carson City landfill

Smoke may be visible nearby; cause unknown.

The Carson City Fire Department said late Saturday that crews were working with Carson City Public Works, East Fork Professional Firefighters and Central Lyon Fire to contain a fire at the city landfill, KOLO reported. Residents were asked to avoid the area and use caution if smoke reduces visibility.

Raiders fans fill National Automobile Museum for first Raiders Motor Fest

Team says it will consider returning to Reno.

Hundreds of fans attended Sunday’s watch party and custom-car show in Reno, 2 News reported. Raiders marketing executive Kristen Banks said the team will consider future Reno events. The Raiders lost to the Patriots 45-17.

Three people found dead after shooting at Marin County home

Deputies responded to a 911 call just after 5 p.m. Sunday.

The Marin County Sheriff’s Office said deputies found three people dead inside a home on Strawberry Circle after a report of shots fired; the caller was inside and got out, NBC Bay Area reported. Authorities had not released the connection between the victims.

Woman dies after early-Sunday shooting in downtown Oakland

Police say a Richmond woman was arrested.

The shooting happened near Harrison and 14th streets around 1:35 a.m. after a confrontation, NBC Bay Area reported, citing the Oakland Fire Department and The Mercury News. The coroner’s office confirmed the death.

Caltrans set to begin clearing San Jose encampment north of I-280

Counts of residents range from 20 to 45.

Caltrans plans to begin clearing the encampment Monday and continue through the end of October, San José Spotlight reported. A Caltrans spokesperson counted 20 residents; an advocate counted 45 last week and 36 this week. Assemblymember Ash Kalra has sought a delay until people are housed.

Oakland Roots play final match at the Coliseum

Scoreless draw before 9,718 fans.

The club said in July it would not return to the Coliseum in 2027, NBC Bay Area reported; short-term options include an Alameda training facility, and the team has an exploratory agreement on the Howard Terminal site.

Blue Angels return over the Bay after Friday fog delay

Fleet Week air show ran Saturday and Sunday.

Thousands packed Marina Green on Saturday after low clouds and fog canceled Friday’s Blue Angels performance, ABC7 reported. The squadron did not perform at last year’s Fleet Week because of the federal government shutdown.

Bruno Mars shows bring hours-long traffic to Levi’s Stadium

Second sold-out show was Sunday night.

Concertgoers reported waits of up to two hours to leave after Saturday’s show, NBC Bay Area reported; officials pointed fans to VTA, rideshare and pedicabs.

Federal judge orders immediate halt to taxpayer-funded pro-Trump ads

Order cancels the rest of a $20 million DHS ad buy.

U.S. District Judge Jennifer Rochon in Manhattan issued a restraining order Sunday evening requiring the Department of Homeland Security to cancel remaining placements, including ads slated to run Sunday night, and barring agencies from resuming the campaign, Politico reported. The ads had run on national television for two weeks. The Wall Street Journal reported the judge found the ads likely illegal.

Bipartisan senators urge Trump to reverse Russian diesel import deal

Four Republicans and three Democrats cite the 2022 ban on Russian energy imports.

Sens. Susan Collins, Lisa Murkowski, Thom Tillis, John Curtis, Jeanne Shaheen, Richard Blumenthal and Ron Wyden said the decision “runs directly counter” to the law, Politico reported. Treasury issued a general license allowing Russian diesel imports through April 2027. AAA data show diesel averaged a record $6.53 a gallon in September.

Isaias remnants flood western North Carolina as Gulf Coast cleans up

At least four deaths linked to the storm.

Rainfall totals reached 9.57 inches at Enola in Burke County, and McDowell County responders dealt with five landslides, the Associated Press reported. About 226,000 customers remained without power Sunday evening in the Florida Panhandle and southern Alabama; Gov. Ron DeSantis said he expected nearly all power restored by Tuesday night.

Rachel’s waves batter Southern California coast; Las Vegas Strip floods

Long Beach placed sandbags after waves tore apart a historic boardwalk.

Rachel became a post-tropical cyclone and sent unusually large waves into Southern California, forcing some Long Beach homeowners to evacuate, the AP reported. An inch of rain fell in Las Vegas on Sunday as the storm dissipated.

Justice Department investigating TV networks’ halt of White House pool coverage

Antitrust Division examining whether a group boycott broke the law.

The five-network television pool stopped covering the president last month after the administration barred CNN, MS NOW and Politico, the AP reported. Pool coverage has resumed; a court reprieve for the three outlets runs until Tuesday. The Committee to Protect Journalists criticized the probe.

Riyadh airport hit again a day after Houthi missile strike killed 13

Sunday projectile killed one and injured 11, Saudi aviation authorities said.

A projectile struck Terminal 4 at King Khalid International Airport on Sunday, the day after a Houthi missile attack killed 13 people and injured more than 300, The Guardian reported. Saudi authorities extended the airport closure, moved schools online until Thursday, and said Dammam’s airport was also attacked.

President Trump said the U.S. would “look into” joining the Saudi military campaign in Yemen; about 200 U.S. military advisers are in Saudi Arabia. The Houthis said a Saudi strike on Sanaa killed a child.

Trump announces Russia-Ukraine “energy ceasefire”; Moscow has not confirmed

Zelensky said Kyiv would support it, then accused Russia of new strikes.

Trump said the truce was “effective immediately” but gave no details, the BBC reported. Zelensky said Russia hit a Kyiv power plant with a drone and struck energy facilities in the Kharkiv region after the announcement. The UK, France, Canada and the EU expressed support for a sustained energy ceasefire.

Hurricane Simon hugs Mexico’s Pacific coast as Category 3

Maximum winds 120 mph; Puerto Vallarta airport closed until Monday morning.

The storm weakened Sunday night and is expected to stay offshore through Monday, though models split on whether it moves inland, CNN reported. President Claudia Sheinbaum urged residents of Jalisco, Colima, Michoacán and Nayarit to remain in shelters; homes flooded in Manzanillo.

Panama declares state of emergency after 7.7 and 6.6 quakes

27 injured; no deaths attributed to the quakes.

Officials reported damage in all 10 provinces, including about 420 homes and a similar number of schools, the AP reported; more than 100 aftershocks were recorded. The U.S. pledged $5 million in humanitarian aid, and the Panama Canal Authority said operations continued normally.

Iran steps up attacks on shipping in Strait of Hormuz

More than a dozen strikes on vessels since late September.

UKMTO reported tankers struck in the strait Saturday and Sunday with crews safe, CNN reported, and U.S. Central Command said it disabled the Panama-flagged cargo ship Ocean Molica for running the blockade of Iranian ports. Kpler data show flows averaged about 13.1 million barrels a day at the end of September, versus 17.1 million before the war.

Oil climbs to near two-week high on Saudi attacks

Brent reached $106.19 a barrel Monday morning.

Brent rose $1.24, or 1.2%, by 11:24 GMT, its highest since Sept. 29, and WTI was at $92.96, Reuters reported. ICE gasoil futures fell 2.3% after Trump announced additional Russian diesel supplies. Goldman Sachs raised its December Brent forecast to $90 from $85.

Amazon in talks to buy AI startup Decart

Deal could be valued at around $7 billion, WSJ reports.

San Francisco-based Decart makes software that helps developers switch between AI chips, The Wall Street Journal reported. Amazon shares were little changed premarket, Dow Jones said.

Nvidia in early talks over Reflection AI, FT reports

Options include a purchase, larger stake or acquihire.

An agreement could come within weeks but talks could still collapse, SiliconANGLE reported, citing the Financial Times. Nvidia has invested $800 million in Reflection, which unveiled its first open-weight model, Beam, last week.

Volkswagen deliveries post steepest drop in more than four years

Third-quarter deliveries fell 14.3% to 1.89 million.

China deliveries fell 38.5% in the quarter, Reuters reported; North America fell 5.8% and Western Europe 2.8%. Global battery-electric deliveries fell about 5% despite a nearly 20% rise in Europe.

EU to cap Chinese hybrid vehicle imports at 350,000 a year

Quota takes effect in December under WTO safeguard rules.

The European Commission expects the cap to halve China’s 6% market share, The Guardian reported. Chinese vehicles assembled in the EU are exempt; China agreed to drop some auto-parts tariffs and halve duties on EU footwear, olive oil and ice cream.

Highest / most active volume

Foreign selling drove a heavy day in Seoul.

Decliners outnumbered advancers 717 to 166 on the KOSPI, with foreigners net sellers of 2.02 trillion won, Yonhap reported. U.S. futures were mixed ahead of the open.

Biggest percentage gainers and losers

IREN up premarket; Samsung and SK hynix down more than 4%.

IREN gained premarket on a report by The Information of an Anthropic deal, and refiners Valero and Marathon Petroleum rose modestly, Dow Jones said. Samsung Electronics fell 4.39% and SK hynix 4.52% in Seoul, Yonhap reported.

Biggest changes in volatility

KOSPI fell 3.65%; Kosdaq 4.83%.

The KOSPI closed at 6,384.24, a fourth straight loss, on a tech sell-off tied to inflation worries and oil, Yonhap reported. Japan’s markets were closed for a holiday, Quartz said.

Unusual activity

Diesel futures fell while crude rose.

ICE gasoil futures fell 2.3% to $1,449 a metric ton after the Russian diesel announcement, even as Brent gained 1.2%, Reuters reported.

Technical confirmation and relative strength

Nasdaq Composite on a four-week winning streak.

S&P 500 futures were up 0.1%, Dow futures up 53 points and Nasdaq 100 futures down 0.1% early Monday, Quartz reported; the Dow and S&P 500 posted weekly gains.

Earnings reports

Six big banks report this week.

JPMorgan, Goldman Sachs, Wells Fargo and Citigroup report before Tuesday’s open; Bank of America and Morgan Stanley follow. FactSet projects 29.6% S&P 500 third-quarter earnings growth, Quartz reported.

Economic data releases

September CPI Wednesday, PPI Thursday.

Investors will watch CPI for clues on the timing of the Fed’s next rate increase, Dow Jones said.

Fed and central bank events

Fed Chair Warsh speaks Thursday.

Kevin Warsh is scheduled to appear at an IMF and World Bank summit in Bangkok on Thursday, according to The Wall Street Journal, Quartz reported.

Industry and company-specific catalysts

Oil, autos and AI deals in focus.

Goldman raised its December Brent forecast to $90; Stellantis gained after the EU-China hybrid quota deal; Amazon is in talks to buy Decart, Dow Jones reported.

Ex-dividend dates, splits, and corporate actions

Columbus Day: stocks open, Treasury market closed.

The U.S. Treasury market is closed Monday for Columbus Day and Canadian markets are closed for Thanksgiving, Dow Jones said.