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Colin’s Daily SOS — October 3, 2026

Today’s episode covers a weaker-than-expected September jobs report, shifting Federal Reserve expectations, the enormous revenue needed to support projected AI infrastructure spending, Amazon’s reported chip-financing plan, market and corporate moves, an emergency energy-release plan, media consolidation, and private-credit withdrawal limits.

The economy

• The U.S. added 29,000 jobs in September, below the 84,000 expectation cited by Morning Brew and Brew Markets.
• Unemployment rose from 4.1% to 4.2%, while annual wage growth slowed to 3%.
• Revised July and August data reduced prior job gains.
• Market expectations for an October rate hike declined, though Chicago Fed President Austan Goolsbee said both a hike and a pause remain possible.

Sources: Morning Brew, Brew Markets. Linked articles were not opened; these summaries reflect the newsletter notes.

AI infrastructure economics

• Columbia professor Stijn Van Nieuwerburgh estimates that AI data centers and related infrastructure could attract $10.3 trillion in spending through 2032.
• Businesses and consumers may need to spend roughly $3.5 trillion annually on AI services by 2032 to justify that investment under the cited assumptions.
• Amazon is reportedly considering a debt-funded special-purpose vehicle containing about $8 billion in Nvidia Grace Blackwell chips, with the chips leased back to Amazon.
• The newsletters also cite major projected hyperscaler spending, AI-focused financing, and the difficulty of valuing GPUs as collateral.

Source: Brew Markets. Linked articles were not opened; details are attributed to the newsletter.

Markets and companies

Stocks rose after the weak jobs report. Nvidia reached a reported record valuation, Tesla rose after better-than-expected deliveries, and HPE advanced on AI and data-center targets. Nike fell after declining revenue, weak guidance, and planned layoffs. Seagate, Western Digital, and Rivian also declined for company-specific reasons.

Sources: Brew Markets, Morning Brew. Linked articles were not opened.

Energy and policy

The G7 and allies plan to release 100 million barrels of oil and diesel from emergency reserves over four months, according to Morning Brew. The move appears to end consideration of a potential U.S. diesel-export ban.

Source: Morning Brew. The linked article was not opened.

Media and private credit

• Disney is planning a television-business restructuring that could consolidate divisions and cut hundreds of jobs.
• The merged Paramount–Warner Bros. Discovery company is expected to use the Skydance name after closing.
• Blue Owl is again limiting withdrawals at two private-credit funds after redemption requests.

Source: Brew Markets,

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