Good evening and welcome to Markets Desk, your end-of-day read on what moved the needle.
BMW is in serious trouble. The German automaker issued its second profit warning of the year, now guiding its core automotive margin to somewhere between negative zero point five and positive zero point five percent in two thousand twenty six. That means the cars division could actually post an operating loss, a stunning deterioration from the one to three percent range it projected just last June.
Shifting to tech infrastructure, Meta's president Dina Powell McCormick told the Wall Street Journal's Tech conference that the midterm election results will make expanding data center capacity harder going forward. The company is now leaning more heavily on scaling its existing facilities rather than breaking ground on new ones, a meaningful signal about how regulatory and political headwinds are reshaping AI buildout strategies.
And in nuclear, investors are wrestling with where to position along the supply chain. You can buy into reactor builders like Oklo, betting on small modular reactor demand, or move upstream to producers like Cameco, which mines and enriches uranium. Each carries a very different risk profile, and the debate over which link offers the best risk-adjusted return is very much live right now.
That's the tape. Markets Desk, signing off the floor.
