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- Fact check : When it comes to Trump economy , these numbers matter
AP's fact check finds the U.S. economy under Trump is neither as strong as he claims nor as weak as consumer sentiment surveys suggest. Inflation was 3.7% over the 12 months to the last CPI report before Election Day, after slowing until April 2025 and then rising again following new tariffs and the Iran war. GDP has grown a little over 2% a year and unemployment is 4.2%, but job gains average nearly 39,000 a month, versus more than 121,000 in the year before Trump returned. The 10-year Treasury yield is above 5%, its highest since 2002. The S&P 500 is up about 12% this year, while the top 0.1% of households gained $5.5 trillion in wealth in 18 months versus $380 billion for the bottom 50%.
- Fact check : When it comes to Trump economy , these numbers matter
- Trumpflation is here and it all Trump doing
- Inflation drives up family expenses by hundreds per month since Jan. 2025
According to an analysis by the Get the Facts Data Team, a family of four with two children in daycare and a pet could be paying about $275 more each month than when Trump took office in January 2025. The Consumer Price Index rose 3.7% over the past year, while the Producer Price Index rose 6.3%. Since Trump took office, groceries are up about 3.5%, electricity about 10% and gasoline nearly 40%, and inflation has outpaced average hourly wage growth. An AP-NORC poll conducted Oct. 8-12 found 19% of U.S. adults approve of Trump's handling of the cost of living, while a separate late-September poll found 65% attributed higher-than-usual prices to his policies. NerdWallet suggests canceling unused subscriptions, negotiating recurring bills and comparing unit prices at the grocery store.
- MRC media bias daily talking points: what our media watchdogs are targeting today
MRC's daily roundup highlights several of its own reports on alleged media bias. Using Bureau of Labor Statistics data, MRC says average inflation during Trump's second-year midterm season was 3.6% (core 2.6%), versus 8.5% (core 6.2%) during Biden's. It argues CNN and The New York Times called Biden-era inflation transitory while calling today's lower rate an economic disaster. MRC also criticizes a CNN town hall with Texas Democratic Senate nominee James Talarico for soft questions and no real-time fact-checking, and says ABC, CBS and NBC framed Trump's Alaska visit as a sign of Republican midterm failure.
- Despite bad inflation report , Trump says economy is doing fine
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- Sweden's Government Offices Block ChatGPT and Claude, Keep Microsoft Copilot
Sweden’s Government Offices will block ChatGPT and Claude on staff computers from October 26, making Microsoft Copilot the only approved AI tool after a dedicated security review, according to Sveriges Radio. Director of digitalisation Mikael Wettercrantz said using AI services without a formal contract can have consequences for information security, citing several problematic uses involving sensitive information. Sweden’s Tax Agency and the National Board of Institutional Care have already imposed similar bans, and the Enforcement Authority is preparing its own decision. Some employees can still reach ChatGPT and Claude through an internal AI platform, though the scope and restrictions have not been disclosed. The article notes that Microsoft added Claude models to Copilot in early 2026, and the government has not confirmed whether that option is switched on in its Copilot instance.
- Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends
Bitcoin treasury companies Strategy (MSTR) and Strive (ASST) must balance funding bitcoin purchases with paying dividends on their perpetual preferred stock, their main fundraising tool, according to Fidelity Digital Assets and analysts. Fidelity says preferred stocks have financed purchases of about 136,000 bitcoin in the 20 months since launch, and estimates the bitcoin-focused preferred market at roughly $12 billion. Bitwise expects ETFs to remain the larger demand source over the long run, while preferreds attract yield investors that ETFs have not reached. As the number of shares grows, dividend payments rise; CoinShares' James Butterfill noted that when preferreds trade below par, new issuance becomes less attractive and companies may favor buybacks over bitcoin purchases. Strategy spent $193 million repurchasing STRC in its latest weekly update and raised its preferred-stock repurchase authorization to $3 billion.
- PC Sales Just Crashed 21% as AI Eats the World’s Memory Chips
Counterpoint Research reported that global PC shipments fell 21% year over year in the third quarter to 57 million units, as higher memory and other component costs pushed up PC prices and constrained demand. Gartner counted 55.4 million units, down 22.4%, and IDC 62.7 million, down 20.1%, while Counterpoint expects a 27% decline in the fourth quarter. HP's shipments fell 31% to 10.3 million, the steepest drop among the major makers, with Dell down 25% to 7.6 million and Lenovo down 23% to 15.0 million. The trackers attribute part of the drop to AI server demand, which TrendForce said would push Q4 conventional DRAM contract prices up 10% to 15% and NAND flash up 15% to 20%, and to a year-ago base inflated by Windows 10 pre-buying and tariff stocking. Counterpoint warned that stabilization should not be mistaken for recovery, and HP's next report is estimated for November 24, 2026, though the company has not confirmed the date.
- American embassies tighten security as Iran threat warnings intensify ahead of U.S. midterm elections
New reports said Iran is in the “advanced stages” of planning attacks against Americans, and a memo from Director of National Intelligence Jay Clayton, reported by The New York Times, said Iran has “substantially increased efforts to target U.S. personnel” in the region, with the threats also applying to “certain other countries.” The warnings come as the U.S. ordered non-emergency government employees to leave Saudi Arabia, amid worsening attacks by the Iran-backed Houthis and a broader U.S.-Iran war nearing its eighth month. The Saudi-led coalition said it destroyed two ballistic missiles fired by the Houthis toward Taif and Yanbu on Saturday. The Trump administration has vowed to delay military strikes on Iran until after the Nov. 3 midterm elections, where inflation and affordability are voters’ top concerns. Oil prices soared, with Brent crude futures topping $116 a barrel, a six-month high, and U.S. West Texas Intermediate rising 3.8% to settle above $103 a barrel.
- Microsoft’s $50 Billion Gamble: Can Microsoft’s Azure Growth Justify Its Exploding AI Budget?
Microsoft reports fiscal first-quarter results on Wednesday, October 28, after the close, and the article says the report will show whether Azure growth can keep pace with its AI spending. In the last quarter of fiscal 2026, revenue reached $90.01 billion, up 17.8%, while Azure grew 43% and passed $100 billion in annual revenue for the first time; commercial RPO rose 84% to $678 billion. Costs rose just as fast: quarterly capex hit $41 billion, and free cash flow fell 23.19% to $19.6 billion. Management guided first-quarter capex above $50 billion including lease reclassification, and expects Azure growth of about 45% in constant currency. The article also highlights Microsoft 365 Copilot passing 30 million paid seats and RPO rising 25% excluding OpenAI.
- The $500 Billion Question: Can Google Cloud’s Massive AI Backlog Outrun Its Mind-Boggling CapEx Boom on Oct. 28?
Alphabet (GOOGL, GOOG) reports third-quarter results after the close on Wednesday, October 28. Google Cloud’s backlog stands at $514 billion, and its 2026 CapEx guidance is $195–205 billion. Last quarter, Google Cloud revenue rose 82% to $24.77 billion and its operating margin widened to 35.6% from 20.7%, but CapEx rose 100% to $44.92 billion and free cash flow was negative $5.86 billion, the first time ever. To fund the spending, Alphabet raised about $70 billion in equity and debt and suspended buybacks. The article says the key question is how quickly the backlog turns into revenue and cash as CapEx keeps rising.
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