COVERAGE GAP

AI Boom Overbuilding Concerns

Multiple market observers warned the artificial intelligence infrastructure boom poses risks to markets.

COVERAGE GAPLEFT SOURCES ONLY

NOT REPORTED ELSEWHERE

▸Former BitMEX CEO Arthur Hayes is betting the AI crash will trigger a bailout sending crypto higher. — CNBC
▸Strategist Paulsen says history points to an S&P 500 drop of as much as 15%. — Bloomberg Markets

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Tesla unveiled its new Roadster in Texas on Thursday with production delayed until 2028.

Tesla shares climbed about 2% in morning trading on Friday after the unveiling.

A stampede and truck ramming killed at least 33 people during religious festivities in India.

A stampede and truck ramming into a crowd killed at least 33 people during religious festivities.

Indian police detained Cockroach Janta Party founder Abhijeet Dipke before a Delhi protest over voter-roll revision.

Abhijeet Dipke was detained on Friday ahead of a New Delhi demonstration.

DEVELOPING TIMELINE

First Report Oct 10: Indian authorities detained youth protest leaders and thousands of protesters in Delhi to stop a planned demonstration.

Oct 13: Opposition demands chief election commissioner resign over voter roll

Friday: Cockroach Janta Party vows renewed march despite police notice

Saturday: Cockroach Party founder detained before Delhi protest

Fed Chairman Warsh gave no signal of an October rate hike in Bangkok, weakening dollar and easing market expectations.

Warsh's speech eased bets on an October rate hike.