Broker News Today — October 29, 2026

Global markets are navigating a complex landscape of geopolitical tensions and shifting economic indicators. The ongoing situation in Iran has taken a new turn with reports that a top US military planner has been fired, while President Trump is downplaying the prospects of peace talks. Meanwhile, tensions between India and China are escalating, with India approving $22 billion in military spending in a bid to bolster its defenses. This increased military expenditure comes as investors are closely watching the implications of corporate earnings reports, with chipmaker SK Hynix delivering a strong quarter that has significant implications for the tech sector, according to Jim Cramer.

The economic landscape is also being shaped by shifting consumer behaviors and monetary policy. Chipotle has reported a notable change in demand, with lower-income diners now driving growth, while the Federal Reserve has issued a new statement that has analysts parsing the language for clues on future interest rate moves. Some, like El-Erian's colleague, believe that another rate hike by the Fed is not necessarily a mistake. As investors digest these developments, they will be watching to see how they impact market trends and economic growth in the days ahead.

Today's signal:
• Hegseth reportedly fires U.S. top military planner as Trump downplays Iran peace talks (cnbc.com)
• Inside India newsletter: New Delhi approves $22 billion in military spending amid China border tensions (cnbc.com)
• Jim Cramer sees major implications from SK Hynix's home-run quarter (cnbc.com)
• Chipotle now has more demand from lower-income diners than higher-income ones (marketwatch.com)
• Bessent says 'not necessarily' a mistake if the Fed hikes again (cnbc.com)
• Here is what changed in the new Fed statement (cnbc.com)