A11. | October 9

IMF chief says global economic uncertainty is the new normal: On Trump’s tariffs, IMF Managing Director Kristalina Georgieva says ‘the full effect is still to unfold.’ FC

Trump says Israel and Hamas agree to hostage release in step toward peace: WSJ reports the deal came after tense negotiations, with many details left to iron out.

Israel and Hamas agree to first phase of ceasefire deal, Trump says: WP reports the president’s announcement says the agreement includes the release of hostages and the withdrawal of Israeli troops from Gaza.

A euphoric Donald Trump wins a breakthrough in the Middle East: A hostage release and Gaza ceasefire are welcome. But they are just the start. Economist

Bloomberg: Trump gave Qatar a security guarantee and isn’t explaining why

Meet the young Tories dreaming of a bright blue future:
The Conservatives know they have a problem with Gen Z voters. At the party conference, The Times met a new breed of activists who are embracing the challenge The Times

Emmanuel Macron to name a new French PM by Friday: FT reports outgoing premier Sébastien Lecornu says prospect of a snap parliamentary election is receding.

Italian MPs from Meloni’s party call for ban on Islamic face coverings: FT reports lawmakers from Brothers of Italy aim to combat ‘religious radicalisation’ with wide-ranging proposals.

German parliament votes to get rid of fast-track citizenship: DW reports crossing fast-track citizenship off the books was a key migration-related election campaign promise from Chancellor Merz's CDU. Critics argue that this will deter highly qualified immigrants from coming to Germany.

Meat substitutes: The European Parliament voted to chop meat-related words, like “burger” and “bratwurst”, from plant-based products. The changes are part of a broader package, aimed at helping farmers, that the bloc will negotiate before it can become law. 

Putin flies in to visit Russia’s restless backyard: The Russian president will attend a summit this week with the former Soviet republics in Central Asia, who are also being courted by China and the EU. The Times

Russia: Momentum for peace after Putin-Trump summit 'gone': DW reports the impetus for reaching a peace deal in Ukraine following the meeting between Vladimir Putin and Donald Trump in Alaska has largely "gone," a Russian official has said.

Trump mulls supplying Ukraine with Tomahawk missiles: DW reports US President Donald Trump is no longer ruling out allowing Ukraine to acquire American-made Tomahawk missiles. These could strike deep inside Russian territory, and Kyiv believes they could change the course of the war.

IMF presses China to reflate economy as growth slows and tariffs bite: Nikkei reports uneven spending over Golden Week holidays signals consumer caution.

The sinister disappearance of China’s bosses: Detentions, public shaming, and suicides intensify the country’s corporate gloom. Economist

US stablecoin dream is a nightmare for China: China's President Xi Jinping is concerned about the impact of US stablecoins, which could lead to a new wave of dollarization and undermine the yuan's role in international payments. Andy Mukherjee

Analysis: US-China power game heats up ahead of APEC summit: South Korea caught in the middle as it prepares to host regional powwow. Nikkei

Takaichi's PM appointment to be delayed, affecting US, China diplomacy: Nikkei reports Diet vote now likely on Oct. 20 or later, pushing back passage of supplementary budget.

The Argentine peso, and Javier Milei, are in trouble: The president’s economic team has decamped to Washington, trying desperately to confirm American support. Economist

NYT: Strikes on purported drug boats are said to have also killed Colombians

Senate bipartisan move to restrict Trump’s Venezuela war powers fails:
WP reports Democrats called the Trump administration’s lethal strikes on alleged Venezuelan drug traffickers unconstitutional but were unable to persuade Republicans to vote for a restraining measure.

Drilling frenzy arrives in Canada’s pristine wilderness: As countries around the world scramble to secure fuel to run their power plants, natural gas has attracted energy producers to Canada’s westernmost province. Bloomberg

The five Norwegians with Trump’s Nobel prize dream in their hands: Despite his lobbying campaign, the US president is still seen as an outsider in the race — although stranger things have happened. The Times

Donald Trump looms large over Nobel Peace Prize: US president pressures Norwegian government and independent committee to select him on Friday. FT

Trump excludes generics from pharmaceuticals tariff plan: WSJ reports the administration has been weighing duties for months on a range of products and ingredients in a national-security tariff investigation.

Axios: Mike Johnson faces growing internal revolt over shutdown

Republicans caution White House on inflicting shutdown pain:
WSJ reports some GOP lawmakers have warned the president’s aides against mass layoffs and sharp cuts to government assistance.

Flight delays could force parties to the shutdown bargaining table: Politico reports disruptions caused by staffing shortfalls may up the pressure on lawmakers to strike a deal.

Hegseth’s sprawling hunt for Charlie Kirk critics spans nearly 300 investigations: WP reports the inquiry, resulting in a smattering of disciplinary action so far, follows an extraordinary Pentagon directive aimed at silencing criticism of the slain activist and Trump supporter.

A quarter of FBI agents are assigned to immigration enforcement, internal data shows: WP reports the intense focus on immigration has raised alarm among FBI agents who say morale is low across the bureau as they have less time to dedicate to national security, white-collar crime, and complex cases.

Before Trump ordered in troops, federal officers called Portland protests ‘low energy’: NYT reports Oregon officials say the atmosphere outside an ICE building that has drawn daily demonstrations since June has grown worse since the president’s threats.

The bad blood between Trump and Pritzker goes back decades: WSJ reports President Trump’s declaration that Illinois Gov. JB Pritzker should be jailed is the latest clash between two feuding billionaires.

Texas’ blue-state deployments shred relations between governors: NYT reports state leaders have prided themselves on finding bipartisan consensus, but President Trump’s deployment of National Guard troops from Texas to Illinois has ripped the veneer off that image.

What game is Trump playing with his military deployments? Ross Barkan

WP: James Comey pleads not guilty in case roiling Justice Department

NJ-GOV:
A Public Policy Polling survey in New Jersey finds Mikie Sherrill (D) with a small lead over Jack Ciattarelli (R) in the governor’s race, 49% to 43% with 8% unsure.

Katie Porter’s viral videos plunge campaign into ‘disaster’: “Is this a disaster? Yes,” a veteran Sacramento strategist concluded. Politico

Florida man arrested, accused of starting deadly Palisades Fire in California: WP reports the fire killed 12 people and destroyed more than 23,000 acres, part of a series of blazes that devastated the Los Angeles area in January.

Man fascinated with fire imagery is arrested in Palisades blaze, officials say: NYT reports officials say that Jonathan Rinderknecht, 29, of Melbourne, Fla., had intentionally set a fire that rekindled a week later into a devastating blaze that killed 12 people.

Le Creuset is cheugy: Why does a collection of $400 pots suddenly look so cheap? Tammie Teclemariam

In Grenoble, Shein's arrival splits local retailers: 'It could bring more people into the city, which is always welcome': The Chinese ultra-low-cost fashion brand announced it would set up shop at BHV Marais in Paris as well as in Galeries Lafayette in six other French cities including Grenoble, sparking mixed reactions. Le Monde

First comes Dimon’s new tower. Next up, a JPMorgan neighborhood: Inside America’s biggest city, its biggest bank has been piecing together a multi-block campus. Bloomberg

Kentucky’s AG launches Roblox lawsuit claiming platform isn’t safe for kids: FC reports the Kentucky suit is the latest to allege that Roblox isn’t doing enough to protect the children who use the gaming site.

AI bubble risks global market sell-off, Bank of England warns: The Times reports valuations are ‘comparable to the peak of the dotcom bubble’, raising global market concerns and threats to the UK.

Microsoft tries to catch up in AI with healthcare push, Harvard deal: WSJ reports the company seeks to move away from dependence on its partner OpenAI and build a consumer base for its Copilot chatbot.

Ari Emanuel bets AI will boost leisure time with three-day working week: Hollywood agent raises almost $3bn from investors including Apollo and QIA for venture spanning tennis to car auctions. FT

Will AI destroy us? Consider the nature of intelligence. The real threats AI poses will come from the humans who wield it. Eric Oliver

The flawed Silicon Valley consensus on AI: Serious questions remain about what will happen if we do — and don’t — replicate human intelligence. John Thornhill

AI has this harmful belief about women: A new study analyzed 1.4 million online images and videos, plus nine large language models trained on billions of words. Here’s what it found. FC

Ford Motor Co. could face as much as a $1 billion earnings hit from the shutdown of an aluminum plant in New York after a fire last month, an Evercore ISI analyst said in a Wednesday investor note.

Behind the lens: Breaking the news to a Nobel Prize winner: They say a picture is worth 1,000 words, but these photos may be worth a Nobel Prize.  In the early hours of Monday morning, Seattle-based AP photographer Lindsey Wasson got the call that a pair of Nobel Prize winners lived nearby and raced to the home of Mary E. Brunkow, the recipient of the Nobel Prize in medicine, to cover her reaction. AP

+ “Sir, your wife just won the Nobel Prize.” 

Variety: ‘Heat 2’ moves from Warner Bros. to Amazon MGM as Michael Mann’s sequel gains traction

‘Heat 2’ is on: Michael Mann Crime Drama Moves From Warner Bros. to United Artists; Jerry Bruckheimer, Scott Stuber Producing:
THR reports Mann is set to direct the follow-up to his 1995 feature, which has Leonardo DiCaprio circling to star.

‘Les Misérables’ at 40: The unlikely story of a hit: Critics initially panned it, but public love for the musical with songs like “One Day More” and “On My Own” has kept it going strong for four decades — and counting. NYT

Discord at the Venice opera house: La Fenice’s orchestra has objected loudly to the appointment of a conductor aligned with Giorgia Meloni’s party. Amy Kazmin

Inside Sixto Rodriguez's Detroit home, now for sale. See where the 'Sugar Man' lived Detroit Free Press

NBC Sports: Report: “Potential exit strategy” discussions have begun as to Bill Belichick

Who knew Bill Belichick would be a disaster at UNC? Anyone paying attention.
Tar Heels boosters intent on making a splash hired the eight-time Super Bowl winner to lead their program. An actual college football coach would have made more sense. Steven Godfrey

AFP: Tigers rally to beat Mariners, stay alive in MLB playoffs

Ronaldo becomes first football billionaire with big Saudi contract:
The Portuguese national is in the twilight of his playing career, but his contract at Saudi Arabia’s Al-Nassr has propelled him into a select group of the very wealthiest athletes. Bloomberg

Enjoy the ride + plan accordingly. 

-Marc 

Marc A. Ross | Chief Communications Strategist @ Caracal

Send me A11 by email.