Monday, November 9, 2026 | 4 min read
Top 3 Takeaways
- Futures point higher, but Nvidia is down about 4% premarket.
- October CPI on Tuesday is the week's key test for a Fed hike.
- Fox closed its $22 billion Roku deal with cash and stock.
Markets Snapshot
As of about 5:30 AM ET Mon, Nov 9 (bitcoin as of 6:10 AM ET; 10-year at Friday's close)
| S&P 500 futures | 7,439.00 | +0.50% |
| Dow futures | 51,792.00 | +0.79% |
| Nasdaq-100 futures | 27,185.25 | +0.37% |
| 10-year Treasury (Fri close) | 4.86% | +2 bps |
| Brent crude | $97.64 | -0.69% |
| WTI crude | $90.48 | -0.39% |
| Bitcoin | $74,019 | -2.40% |
Deals & IB
- Fox closes its roughly $22 billion purchase of Roku, paying $95.30 in cash plus 0.9799 Fox shares per Roku share (Nov 6) Read more
Banks not disclosed yet - AkzoNobel's $25 billion merger with Axalta wins EU approval, on the condition that AkzoNobel sells its European car refinish paint business (Nov 6) Read more
Banks not disclosed yet - Anthropic's IPO roadshow could start this week, with investors pushing for a valuation closer to $1.5 trillion (Nov 8) Read more
Banks not disclosed yet
Disclosure: Anthropic makes Claude, the assistant that wrote this brief.
Why it matters for IB
Mixing cash and stock lets a buyer limit the debt it takes on while the target's holders share in the combined company's upside; here the split gives Fox holders 74%.
Macro & Policy
- October CPI comes out Tuesday at 8:30 AM, the key test after a strong jobs report pushed December hike odds higher. Read more
- The NY Fed releases its October inflation expectations survey today; the prior reading was 3.9%. Read more
- China's producer prices rose 5.7%, the fastest in over four years; Japan's Nikkei jumped about 2.3% after last week's slide. Read more
- Brent slipped toward $97 after its steepest weekly drop since early Covid, as hopes for calm with Iran grew. Read more
Earnings & Coming Up
- Today: NY Fed inflation expectations (11:00 AM); Constellation Energy and Barrick before the open; Rocket Lab, Hims & Hers and Occidental after the close. Read more
- Nvidia fell about 4% premarket after its board opened an investigation tied to reports about the CEO; Berkshire's cash pile hit a record $377.4 billion. Read more
- Tue Nov 10: October CPI (8:30 AM); Fed speakers Waller, Logan, Schmid and Bowman; CoreWeave and Rigetti after the close.
- Wed Nov 11: Veterans Day; bond market closed.
- Thu Nov 12: jobless claims; Cisco and Applied Materials after the close.
Finance in a Line
Mixed consideration. paying for an acquisition with a combination of cash and the buyer's stock rather than all of one or the other. Why it matters: interviewers often ask why a buyer would choose cash, stock or a mix.
“Hard work has made it easy. That is my secret. That is why I win.”
Nadia Comaneci
Sources: Yahoo Finance, TipRanks, HDFC Sky, investingLive, public prediction market data.