Good morning NYC. Key highlights for 2026-11-09:
- Nvidia CEO Jensen Huang's confirmed affair with a Chinese spy and board investigation into potential espionage triggered significant premarket selloff, with stock already down 8% over five days and potential year-to-date gains at risk.
- S&P 500 futures rose 0.58%, DJIA futures gained 0.92%, and Nasdaq 100 futures climbed 0.29% despite Nvidia turmoil, buoyed by a 1.46% drop in crude oil prices.
- Boeing faces mounting hidden liabilities from its Spirit AeroSystems acquisition, reaching $2.2 billion in discovered deficits by September 30, with accounting adjustments ending December 8 forcing direct bottom-line impact thereafter.
- Tech sector capital activity remained robust with OpenAI raising $11 billion at a $1.25 trillion valuation and Anthropic committing $3.4 billion for data center infrastructure, signaling continued M&A momentum.
- Elizabeth Warren's incoming Senate power prompted Wall Street concerns about regulatory and policy shifts, while hedge fund stress indicators mounted with systematic selling contributing to a $2.3 trillion tech-stock rout and credit pods at major firms imploding.