Stocks have been suffering a miserable October, so it was nice to see them cheer up a bit as Halloween falls.
Given the recent correlation between stocks and bonds, it surely helped that the U.S. government said it won’t need to issue as much debt in the fourth quarter as previously thought on Monday. The Treasury releases more details of borrowing plans on Wednesday. ***AI Safety in Focus After White House Issues First U.S. Rules Vice President Kamala Harris will lead a U.S. delegation at a global artificial intelligence safety summit this week in the U.K., after the Biden administration issued an executive order on AI aimed at protecting Americans from the emerging technology’s potential risks including reporting requirements for AI developers.
What’s Next: The actors union said it worked independently on Monday and would meet today with the studio group. Chief negotiator Duncan Crabtree-Ireland told Variety several issues were still being addressed, including boundaries on the use of AI.