BREAKING: In a 427-1 vote, the US House of Representatives has passed a bill to release the Epstein files.

The bill now heads to the Senate.

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The elephant in the room:

What happened to Europe?

While US and Chinese AI companies are announcing trillions of dollars in AI deals, the EU is rolling out a $1.1 billion AI plan to “ramp up AI.”

There is virtually no competition coming from the EU when it comes to AI startups.

How did Europe fall so far behind?

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BREAKING: President Trump says the US must establish a "Federal Standard" for AI that prevents "Woke AI."

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What is driving the massive job cuts in the US?

US-based employers have announced 1,099,500 job cuts in the first 10 months of 2025, the second-highest total since 2009.

20.9% of those layoffs were driven by "unfavorable" market and economic conditions.

7.0% of job cuts were made to reduce costs, while 4.4% were as a result of AI.

In October alone, US companies announced 153,074 job cuts, the worst October in 22 years.

32.9% of October's cuts were due to cost-cutting, 20.3% due to AI, and 13.8% due to market and economic conditions.

AI automation is only part of the narrative for layoffs.

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BREAKING: Former Treasury Secretary Larry Summers announces his resignation from OpenAI's board following the release of his emails with Jeffrey Epstein.

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US mass layoff warnings are rising at a concerning pace:

39,006 Americans were given advance layoff notice in October, the 2nd-highest since the 2020 pandemic.

These notices are issued under the Worker Adjustment and Retraining Notification (WARN) Act, which obligates covered employers to provide at least 60 days of notice before a mass layoff or plant closing.

This marks a +162% spike since August, when 14,900 Americans received such notice.

Since 2006, WARN notices have only been higher in 2008, 2009, 2020, and May 2025.

As a result, the 12-month average rose to 26,927, matching levels seen in 2008.

More mass layoffs are coming.

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It's officially Nvidia earnings day:

Even with a +35% gain this year, Nvidia's forward P/E has dropped from 31.0x to 29.5x.

The stock is literally getting “cheaper” as it rises.

Options markets are pricing in a post-earnings move of 7.5% for Nvidia's stock, $NVDA.

At a $4.4 trillion market cap, that implies a +/- $330 billion swing in market capitalization.

The base case anticipates one of the largest post-earnings market-cap moves for any stock in history.

Buckle up, folks.

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"College students prefer socialism to capitalism," per Axios Poll.

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BREAKING: The S&P 500 extends its gains to more than +1% on the day as technology stocks rebound sharply.

This leaves the S&P 500 up +115 points since the Fear & Greed Index dropped to 9 just 23 hours ago.

Once again, April 2025 levels of "Extreme Fear" are NOT what you see before a market crash.

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BREAKING: Alphabet stock ($GOOGL) surges more than 5% and reaches $300 per share for the first time ever after the company announces Gemini 3.

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BREAKING: President Trump shares three quotes from Nvidia ($NVDA) founder Jensen Huang:

1. “As I promised, production of Blackwell has started. AI - invented in America, made in America, built for America and the world.”

2. “After less than a year, we're now manufacturing the most advanced chips for AI here in the US. All of this started with President Trump wanting to re-industrialize the US. His tariffs were a pressing agent in making this possible.”

3. “We are manufacturing in America because of President Trump.”

Nvidia reports earnings in less than 6 hours.

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BREAKING: Elon Musk and Jensen Huang have announced that xAI and Saudi Arabia are collaborating on a 500-megawatt project involving Nvidia, $NVDA.

Jensen Huang states that Nvidia is partnering with Saudi Arabia to construct supercomputers.

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BREAKING: President Trump says $270 billion worth of agreements are being signed with “dozens of companies” today.

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BREAKING: The US Labor Department has announced that it is canceling the October jobs report.

For the first time since 2013, we will not receive a monthly jobs report.

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BREAKING: The odds of the Fed not cutting rates in December have surged to 68% on Polymarket following the US Labor Department's cancellation of the October jobs report.

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The Japanese Yen is collapsing:

It has now fallen to its weakest level against the US Dollar since January 15th.

This comes as Japanese government bond yields surge to record highs.

Stimulus will NOT fix your economic problems.

🛫@MarketMatrixAI

BREAKING: Nvidia ($NVDA) stock climbs more than 6.5% after the company announced record quarterly revenue of $57 billion.

The surge adds approximately $290 billion to its market capitalization.

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BREAKING: Nvidia CEO Jensen Huang says Blackwell chip sales are “off the charts” and cloud GPUs are “sold out.”

The company is guiding for revenue of up to $66 billion next quarter.

Remarkably, this unusually strong rhetoric appeared directly in the earnings press release — not just on the call — with Huang stating sales are “off the charts,” GPUs are “sold out,” and “AI is going everywhere, doing everything, all at once.”

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BREAKING: Japan's Nikkei 225 index surges past 50,000, rising nearly 4%, as global technology stocks rebound.

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BREAKING: Larry Summers announces he is taking a leave of absence from teaching at Harvard as President Trump signs a bill directing the release of the Epstein files.

Larry Summers is also the former US Treasury Secretary.

🛫@MarketMatrixAI

BREAKING: President Trump has “quietly” approved a 28-point peace plan between Russia and Ukraine, according to NBC.

The plan reportedly provides both sides with “security guarantees to secure a lasting peace.”

🛫@MarketMatrixAI