16:41 SPCX CEO Musk: The last puzzle piece needed for SpaceX is phone coverage; Spectrum will provide complete phone coverage in the US [comments after acquiring 800 MHZ low band spectrum license]16:22 HUM Strength attributed to CMS updating Medicare Advantage 'star' ratings; Humana said to get improved star rating16:26 (IR) Fresh blasts heard in southern Strait of Hormuz route; Reportedly tankers hit mines in the Strait of Hormuz - Iranian press12:44 OPENAI.IPO Annualized Rev is said to be $20B less than previously anticipated; Reportedly OpenAI recently informed investors that annualized Rev is closer to $50B than $70B; OpenAI declined to comment - FT15:56 SBUX Company says its 'laser focused' on existing strategty [after reports its looking at potential CMG deal] - WSJ12:17 (IR) Pres. Trump: Will not be attacking Iran before the US Midterms (Nov 3rd); Comments on productive conversations with Iran - Truth Social
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*(CN) MOODY'S AFFIRMS CHINA'S A1/A+ RATINGS; KEEPS OUTLOOK NEGATIVE

Recent sovereign rating actions on China
- June 27th 2024, S&P affirmed China sovereign rating at 'A+'; Outlook Stable [**Note: earlier Fitch and Moody's cut China's outlook from Stable to Negative]
- On Apr 9th 2024, Fitch affirmed China at 'A+', but cut outlook from Stable to Negative
- On Dec 5th 2023, Moody's affirmed China at 'A+' but cut outlook from Stable to Negative
- On Nov 10th 2023 DBRS Morningstar cut China sovereign rating from A high to A; Trend revised from negative
- On Aug 31st Fitch affirmed China sovereign rating at 'A+'; Outlook stable
- On Jun 28th S&P affirmed China sovereign rating at 'A+'; Outlook stable
- Moody's cut China sovereign rating back in May 2017 from AA3 to A1 (one notch); revised outlook from negative to stable (The cut was the 1st by Moody's cut since 1989)
12:24 (US) Market Trading Hours Summary: As expected, Dec PCE runs hotter than CPI, Q4 GDP impacted by shutdown; Supreme Court strikes down IEEPA tariff powers
S&P 5007818.25 ▲0.21%EUR/USD1.12 ▲0.06%USD/JPY157.91 ▼0.14%GBP/USD1.32 ▲0.12%OIL--Gold4157.8 ▼13.75%