Morning Briefing

Here is your morning news briefing for Friday, October 2, 2026: 

Top Headlines

• September Jobs Report: Wall Street is closely watching the release of the September jobs report today to get an updated pulse on the state of the labor market. 
• Gas Tax Suspension: State leadership has officially approved a suspension of the gas tax, providing relief at the pump for drivers. 
• Execution Halted: The Governor of Tennessee has issued a halt on state executions after a woman survived a recent execution attempt. 
• Special Prosecutor Appointed: The New York State Attorney General has been formally appointed as the special prosecutor in the high-profile Cornell University sexual assault and rape case. 

Crypto Market Surges Ahead of Jobs Report

Bitcoin and crypto-linked equities are posting strong gains this morning. 

Bitcoin has broken back above $86,000 for the second time in two weeks, trading at approximately $86,503. 

The sudden rally is driven by a wave of short liquidations, easing U.S. Treasury yields, and a fresh $113,000 long-term price target issued by Citigroup.

Strive Inc (ASST) Climbs with Bitcoin Treasury

Strive, Inc. (ASST) is capitalizing directly on the crypto surge, climbing +5.94% in pre-market trading to $31.16. 

• Aggressive Accumulation: Strive recently outpaced Strategy (MSTR) in weekly Bitcoin purchases, leveraging intense investor demand for its daily-dividend structured finance products. 
• Debt-Free Balance Sheet: Strive currently carries zero outstanding debt, holding roughly $2.6 billion in assets anchored heavily by its expanding Bitcoin treasury. 

Current Target Rate Probabilities

The market is currently pricing in a dominant probability that interest rates will remain unchanged this month, while pushing the likelihood of another rate hike out to December. 

What to Watch Next

• The December Shift: While October is favored for a pause, the CME FedWatch Tool reveals that traders believe the tightening cycle isn't completely over. By the December 9 meeting, cumulative odds climb to 79.4% for a higher target range (with 61.3% pricing in a move to 4.00%–4.25%). 
• Macro Catalyst: These probabilities will fluctuate dynamically throughout the morning based on the imminent release of the September Nonfarm Payrolls jobs report.

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