Top Overnight News Federal Reserve chair Kevin Warsh has signaled that hotter-than-anticipated inflation has not swayed his views on the US economy, prompting traders to further scale back bets on a rate rise this month. FT Goldman economists say Warsh’s comments indicate the FOMC is set to pause in October; they continue to expect a second and final hike in December. GIR President Donald Trump said he would not use nuclear weapons against Iran, telling Newsmax that the U.S. “doesn’t have to.” Trump also said he did not foresee sending U.S. ground troops into Iran. CNBC Iran’s Navy identified a “violating” oil tanker “a few hours ago” that caught fire in a restricted zone east of the Strait of Hormuz, state-run IRIB News reports; the tanker had turned off its tracking systems. BBG US Central Command confirmed that a container ship that sank in the Strait of Hormuz this week was struck by an Iranian projectile; Trump declined to rule out using the “Mother of all Bombs” on Iran after the midterms. BBG The US is considering moves to ease restrictions on “shadow fleet” tankers linked to Russia and Iran as it struggles to bring down soaring diesel prices ahead of November’s midterm elections. FT The International Energy Agency said member countries agreed to complete the release of 100 million barrels of oil still outstanding from an intervention in March. BBG China moved to stabilize its equity market by urging companies and state funds to buy shares while guiding some investors to curb selling, people familiar with the matter said. Financial regulators held a meeting Thursday to discuss stabilization measures for the stock market. BBG Taiwan is preparing to tighten export controls on AI chips to further align with US restrictions, according to a senior official in Taipei, joining a Trump administration clampdown on the smuggling of cutting-edge semiconductors to China. BBG China proposed adding advanced AI technologies to its export-control list, potentially restricting overseas transfers of AI models and chips. BBG Indonesian stocks suffered their worst rout in nearly three decades after MSCI warned the country’s emerging-market status is at risk, stoking fears of removal from global indexes and foreign capital flight. BBG Ukraine's resumption of strikes on Russian refineries is a 'disgrace' that keeps global energy prices elevated, US President Donald Trump said. Ukraine struck a Russian oil refinery after President Volodymyr Zelenskiy declared that Kyiv was abandoning a ceasefire covering energy sites that Trump had announced, and criticized his willingness to strike deals with Moscow. RTRS Progress toward a U.S.-Mexico tariff deal has stalled after opposition from Commerce Secretary Howard Lutnick, people familiar with the talks said, the second time that he has had a hand in upending advanced negotiations with a North American partner. WSJ PM Mark Carney urged Albertans to reject separatism in an Oct. 19 referendum, calling national unity critical. The province will vote on whether to remain in Canada or start a process that may lead to secession, subject to a second ballot. BBG UK Chancellor Healey will raise taxes on banks, likely by increasing the bank surcharge; UK lenders fell in early trading. BBG Three CoreWeave co-founders have sold $3.3 billion in company shares since last year’s IPO. BBG Some Anthropic investors discussed a more tempered $1.5 trillion valuation on the back of slowing revenue growth. RTRS via BBG JPM Econ (Abiel Reinhart) keeps its September core PCE forecast at 0.31% m/m (3.1% y/y) after PPI; GS raised its estimate to 0.34%. JPM/GIR US President Trump is to deliver remarks in Dalton, Georgia at 14:45 EDT/19:45BST on Friday. US President Trump said no real reason for him to go to Maine and thinks he will go to Minnesota, while he said he is not involved in that when asked regarding probe into Democrat Rep. Omar. Japan is to sidestep 3.5% defence spending target despite US pressure: Asahi US President Trump said he will be going to Iowa state on Thursday, October 22nd and Sunday, November 1st.(Historical earnings: For 2026Q1 (period ended 2026-03-31), CoreWeave reported basic EPS of -1.4, diluted EPS of -1.4, and net income of USD -0.740 billion. In the prior-year 2025Q1, basic EPS was -1.4, diluted EPS was -1.49, and net income was USD -0.315 billion. For 2025FY (period ended 2025-12-31), basic EPS was -2.75, diluted EPS was -2.81, and net income was USD -1.167 billion, compared with 2024FY basic EPS of -4.3, diluted EPS of -4.3, and net income of USD -0.863 billion. Consensus expectations: The next upcoming consensus is for 2026Q2, with an EPS estimate of -1.24 and a revenue estimate of USD 2.611 billion.)