Thursday’s Final Takeaways: GOOGL & SPCX Launch AI Chips into Space, ORCL & Tencent Deal

back to market on Close. I'm Marley Kayden here in Chicago alongside Sam Bartus at the New York Stock Exchange. Here's some final thoughts on the session today. One we've been talking about throughout the show, the ISM manufacturingrepoy sector continued to expand in September, with the headline index at 54.5. But the bigger story for markets is that sharp acceleration in input prices. The ISMs paid index jumped.8 points to 77.9. That highest level since the early days of the Iraq War, with 58.6% of manufacturers reporting higher prices, up from 46.2% in August. ISM says that higher steel and aluminum costs, tariffs and rising petroleum prices tied to the Middle East ct are all pushing costs higher, with companies reporting increases in everyfrom fuel and freight to semiconductors and electronic components. For the fed, this could be a troubling signal. Manufacturing demand ins, potentially making it harder to bring inflation back towar 2% target. This story also k outg a major step towards putting AI compin space, launchingits firsl data center satellite aboard a SpaceX Falcon nine rocket, this is a part of project Suncatcher. The satellite, which was built with Planet Labs, carries four of Google's custom TPUs designed to test whether AI workloads can run in low earth orbit using abundant solar r. Thn is a network of solar powered satellites that could provide scalable AI compuhout many of the land, power and cooling constraintsare facing traditional data centers. Although important to note, heat management and radiation remain significant technical challenges here. This experiment just another indication of how intense the demand for AI infrastructure has become, and it potentially opens a new frontier for the companies that are supplying the chips, satellites, lau services and the power needed to AI. Because, Sam, we've been mulling over this idea of the orbital data center, and it looks e're going to see one get tested here. So maybe coming to fruition. But what caught your eye during the ion? s reportedly signaled a lease deal with Oracle Mali. That is according to the Financial Times, that the companies have agreed to a five year agreement. Because, I should say, across a number of data centers i Southeast Asia, which will give Tencent access to about 100 000 advanced chips that are available in China. The deal is reportedly worth about $7 billion, with an upfront payment of roughly 30%, which has contributed to $2 billion in negative free cash flow for Tencent, analysts say it goes to show how Chinese companies will find to get their handsis stuff, particularly at a time when they are improvi their own AI capabilities. And switching gears, I've been watching currency markets as well. As I mentioned earlier, the dollar just had its best month since June. That's been weighing on the euro, which hit a 17 month low today. The yen is also under ren pressure. I spoke to Macquarie's global FXrategist this today. He says higher oil prices have been good for dollar and bad for those importing economy currencies like the euro and the yen. To understand what's going on in Europe, you only have to look at the spreaeen French and German bonds right now, which is a 14 year high. There are also mg political uncertainties in France, which may weigh o the fiscal outlook there. Not to mention, inflation has been rising faster than expectedsome of Europe's biggest economies, stemming from that supply shock from the Iran war. But heading into tomorrow, Marley, what are you going to be loo out for? Well, we'll get the BLS releasing ttember nonfarm payrolls report that's coming out at 830 Eastern Wall Street, expecting job growth of 84,000 jobs and unemployment to hold at 4.1%. Payroll growth has averaged 80,000 a month so far this year. But it has been erratic. As you know, Sam, we had that loss back in February of 156,000 jobs, and then the next month we added14,000. Just last month, we had a surprise gain of 162,000. So it's been a bit of a wild ride in terms of jobs. But what will you be watching? Yeah, there could be some seasonality in ther Let's wait and see. But keeping an eye on the data as well. Molly. But over the pond there eurozone inflation keeping an eye on that just because of course, as I mentioned euro at a 17 month low rising bond yields across the continent. So obviously the energy shock is blowing harder headwind in that part of the world than it is right now here with the inflationaryture. Certainly is. That is going to do it for us today on market on close for Sam bodies. I'm Marley Kayden. Be sure to load op available in Apple App Store, and