Treasury Yields Touch Highest Levels Since 2002 on Monday; Fed's September Minutes Due Wednesday
On Monday the 10-year Treasury yield touched 5.349% during trading and was last quoted at 5.307%. The 30-year touched 5.703% and was last quoted at 5.661%. Minutes from the Federal Reserve's September 15-16 meeting, where it raised rates, are due Wednesday, Oct. 7, at 2 p.m. ET.
U.S.
Federal Judge in Boston Halts DHS Fines of Up to $1.8 Million on Migrants Who Did Not Leave After Deportation Orders
Judge George O'Toole ruled on October 5 that ICE issued the fines unlawfully under the Administrative Procedure Act, in a class action brought by two women and an immigrant legal-aid group; DHS had not commented in early reports.
Six Aboard Presumed Dead After Medical Jet From Bermuda Crashes Off Nantucket; Coast Guard Ends Search
Crews found debris from the Canadian-registered Gulfstream G100. The pilot reported electrical problems before the jet dropped about 13,000 feet in minutes. Canada's Transportation Safety Board, not the NTSB, leads the investigation, and no official cause has been given.
Trump Renews Pledge of $5,000 Payments to Adult Citizens if Republicans Keep the House and Senate, a Promise First Made Sept. 9
In an Oct. 3 video Trump repeated his conditional 'Trump dividend' offer and said he looks forward to signing the checks. Economists put the cost at about $1.2 trillion or more, and critics in both parties question how it would be paid for and whether Congress would approve it.
Supreme Court Hears Exxon and Suncor Bid to End Boulder Climate Lawsuit, With Eight Justices After Alito Recusal
On the first day of its new term, the Court heard arguments on whether federal law bars Boulder city and county from suing two oil companies for climate damages under Colorado law. The Trump administration backed the companies.
Trump Names Intelligence Chief Jay Clayton to Chair New 'Super Intelligence Force'; Clayton Says a Report Is Due in 120 Days
FTC Chair Andrew Ferguson, Pentagon technology chief Emil Michael and OPM Director Scott Kupor will also help lead the White House AI task force. Trump's post creating it listed no budget, no new legal powers and no specific actions.
Vance Chaired Unannounced Camp David Meeting on Iran War and Yemen, Axios and CBS Report
Rubio, Hegseth, Witkoff, Ratcliffe and Gen. Caine attended the Friday session, and CBS and other outlets also list Treasury Secretary Bessent. Trump is weighing whether to resume major combat with Iran, and Saudi Arabia has asked twice for U.S. strikes on the Houthis, which Washington has turned down so far.
N.C.
Tillis Memoir 'How to Lose Friends and Antagonize Presidents' Goes On Sale; He Calls His Hegseth Vote His 'Biggest Regret'
The retiring North Carolina Republican's book prints profane texts he says he sent Trump and criticizes several Trump officials. A senior White House official answered the leaked texts with an insult; on 'The View,' Tillis said he hopes Defense Secretary Pete Hegseth gets fired.
Gov. Stein Asks N.C. Regulators for a Binding Data Center Tariff; Duke Energy Has Proposed Its Own Version
Stein has pressed the case since July. Duke has offered a large-load tariff and signed a voluntary federal pledge. The fight now is over how strict the rules are and whether they can be enforced. The July settlement set up a separate fast-track case at the N.C. Utilities Commission to write the tariff.
GOP Super PAC Drops Its Remaining North Carolina Senate Ads After Spending More Than $30 Million for Whatley, Starts a Kansas Buy
The Senate Leadership Fund pledged $71 million to the race earlier this year. It is stopping the unspent part and moving some money to help Sen. Roger Marshall in Kansas. Polls show Republican Michael Whatley trailing Democrat Roy Cooper for North Carolina's open Senate seat.
Energy Secretary Chris Wright Tours Duke Energy's Roxboro Coal Plant, Touting Up to $28.4 Million in Federal Upgrade Funds
The Defense Production Act grant pays for repairs at two coal units that Duke plans to retire on Jan. 1, 2034, and Duke is adding about $44 million from customers; supporters call it reliability spending, and critics call it propping up a plant that is shutting down.
Stein Signed 'Iryna's Law' One Year Ago, on Oct. 3, 2025; Its Bail Limits Are in Force and North Carolina Has Held No Executions
The crime law named for Charlotte stabbing victim Iryna Zarutska passed with votes from 17 House Democrats and no Senate Democrats. The governor signed it while calling its execution-method language "barbaric."
Judge Denies Bond to NC Highway Patrol Sergeant Indicted on First-Degree Murder Charge in Death of Cumberland Sheriff's Capt. Adam Bean; Order Notes Self-Defense Claim
A grand jury indicted Sgt. Nekime Oxendine on Sept. 8 in the March 27 shooting outside a Hope Mills home; court papers filed since then show he says he fired in self-defense.
Finance
Paramount's $31-a-Share Takeover of Warner Bros. Discovery Set to Close Oct. 6; Combined Company to Be Named Skydance
A federal judge approved Paramount's settlement with 12 state attorneys general on Sept. 30. David Ellison will be chairman and CEO, and former Mattel chief Ynon Kreiz will be co-CEO.
ISM Services Index Reads 54.9% in September; Prices Gauge Rises to 74.0, Highest Since July 2022
The Institute for Supply Management's survey shows U.S. service businesses still growing but more slowly, hiring roughly flat after two months of decline, and reporting the broadest input-price increases in more than four years.
Nasdaq and Nvidia Close at Record Highs Monday as 10-Year Treasury Yield Touches Highest Level Since 2002
On Monday, Oct. 5, the Nasdaq rose 1.05% to a record, the S&P 500 rose 0.7% and the Dow added 0.2%, led by Nvidia, SpaceX, Meta and Microsoft, while the 10-year Treasury yield touched an intraday high not seen since 2002 and oil fell about 1.9%.
Seven OPEC+ Producers Hold November Oil Output Targets at 31.01 Million Barrels a Day; Next Meeting Nov. 1
Sunday's decision repeats October's pause after four monthly increases. The group's own August numbers show members pumping far below their targets, while tanker data from late September show Gulf crude exports back near prewar levels.
Brent Trades Near $101 After Kpler Reports Gulf Crude Exports Back at Pre-War Levels; G7's 100 Million-Barrel Reserve Release Was Agreed Oct. 2
The Kpler recovery figure counts Gulf crude exports outside Iran, including pipelines that skip the Strait of Hormuz, while fuel shipments through the strait stay far below normal and Houthi strike claims and Iran's conditions for reopening keep traders cautious.
Stocks Rose Friday After U.S. Added 29,000 Jobs in September; ISM Services, Fed Minutes Lead the Week of Oct. 5
Short-term Treasury yields fell after the weak jobs report, but the 10-year yield closed slightly higher. ISM services data is due Monday, minutes of the Fed's September rate-hike meeting come out Wednesday, and earnings season starts Thursday with PepsiCo.
World
Israel Scrambled Jets and Was Ready to Shoot Down Flydubai Flight 1073 Before It Turned Toward Saudi Arabia, Israeli Sources Tell CBS News
Two Israeli sources told CBS News that only the prime minister could have ordered a shootdown. The jets were recalled when the plane, about 400 miles out, turned toward Saudi Arabia. President Trump says he personally believes Iran was behind the attack, but Vice President Vance says he has seen no conclusive evidence, and Iran calls the claim a "false flag."
Siberian Plague-Institute Technician Dies; Russia Cites 'Pneumonia of Unknown Cause' as About 200 Contacts Are Isolated
Regional Russian media reported a lab accident with plague bacteria, but Russia's health agency denies any accident. The WHO rates the public-health risk as low. Secretary of State Rubio said the U.S. is watching closely, and President Trump offered help.
Thousands of Imran Khan Supporters March Toward Islamabad After Talks Collapse; Capital Under Section 144 as PTI Says About 2,000 Detained
Pakistan's government and Khan's party blame each other for the breakdown. The government points to a counterterrorism draft in Khyber Pakhtunkhwa that it says the province backed out of. The PTI cites access to the jailed ex-premier and what it calls unilateral anti-terror measures.
Yemen's Government Launches Offensive to Retake Houthi-Held Territory; Houthis Claim Strikes on Aramco Sites in Riyadh and Khurais, Saudi-Led Coalition Calls Riyadh Claim 'Misleading'
Yemen's Saudi-backed government announced the offensive on Sunday, Oct. 4, with the Saudi-led coalition pledging "full operational support." The Houthis say they fired missiles and drones at Saudi oil sites. Washington is sharing intelligence and targeting data but, according to Axios, has declined Saudi requests for U.S. airstrikes.
Ukraine Says It Downed 131 of 157 Russian Drones Overnight as Strike Hits Kyiv's Northern Bridge
Ukraine's air force reported the overnight count on Oct. 3, after three days of Russian strikes on bridges over Kyiv's Dnipro River. Russia says the bridges carry Ukrainian troops. Ukrainian officials and Western wire services describe the strikes as an effort to disrupt civilian life.
North Korea Fires Ballistic Missile From Wonsan That Flew More Than 700 km, Seoul Says, a Day After Pyongyang Rejected Apology Demand Over DMZ Mine Blast
South Korea's military says the missile flew more than 700 km, and Japan puts it at about 680 km. The launch came a day after Kim Yo Jong called Seoul "despicable" for demanding an apology over a Sept. 21 mine blast that wounded three South Korean soldiers.
Analysis
Unbiased, evergreen deep-dives on the bigger questions — not breaking news.
What Fauci's Released Diary Documents About the U.S. COVID-19 Response — and What It Leaves Unresolved
A 1,141-page personal diary released by Sen. Rand Paul's committee is roughly one-third routine administrative logging; a minority of entries bear directly on contested questions, and a few conflict with contemporaneous public statements.
Eight Months of Mamdani: What New York's Record Actually Shows, and What It Cannot Yet Show
A claim-by-claim audit of what Zohran Mamdani has delivered, how New Yorkers judge it, and what the evidence does and does not license anyone to conclude about the rest of the country.