Today's Headlines

Bloomberg:

• No Progress Made at Syria Talks as Russia Warns of U.S. Conflict. Talks on Syria’s civil war among Russia, the U.S. and Middle East powers ended without result amid a warning in Moscow that the risk of conflict is increasing between the two former Cold War rivals. Russian Foreign Minister Sergei Lavrov left Lausanne, Switzerland, for Moscow after about four hours of talks on Saturday, saying the sides had discussed certain “ideas” for advancing a resolution of the 5 1/2 year war and agreed to pursue efforts again soon. The negotiations over the deepening conflict in Syria marked a bid to pull back from a diplomatic collision over the Russian-backed siege of Aleppo by President Bashar al-Assad’s forces in a standoff that has brought ties between Russia and the U.S. to a recent low. Secretary of State John Kerry met with Lavrov and their counterparts from Saudi Arabia, Qatar, Iran, Jordan, Iraq, Egypt and Turkey, aiming to restore a truce to deliver aid supplies to Aleppo and other besieged areas. Kerry said there was no agreement on any concrete steps to halt the violence, the Associated Press reported. He said some ideas under discussion could prove helpful to restarting the peace process.
• Bulls Unshaken as Profit Duds Rattle U.S. Stocks in Winding Week. A gloomy beginning to earnings season sent U.S. stocks to a second week of losses. A trio of Wall Street’s biggest bulls say don’t worry. It was a week of twists as the S&P 500 Index alternated between gains and losses, a rarity during the bull market but one that’s now happened four times this year as sentiment is swinging on everything from central-bank policy to the U.S. election and perceptions on the economy’s strength. Earnings took a turn in the spotlight in the latest week, as a profit miss from Alcoa Inc. rattled the market before signs of life from the largest banks buoyed optimism.

Wall Street Journal: 

• Barack Obama Praises Global Accord to Limit HFC Greenhouse Gases. Some U.S. companies are already transitioning to alternatives to hydrofluorocarbons.
• Why the Economy Doesn’t Roar Anymore. The long boom after World War II left Americans with unrealistic expectations, but there’s no going back to that unusual Golden Age

Barron's:

• Had bullish commentary on (X), (FMC) and (PVH).
• Had bearish commentary on (AMZN).

Fox News:

• WikiLeaks hacked emails reveal more about Clinton's once-private Wall Street speeches. (video) More hacked emails released Saturday from WikiLeaks appear to show more about Hillary Clinton’s private, high-priced Wall Street speeches including her argument that Washington lawmakers would pass the Dodd-Frank banking reform law merely for “political reasons.”

CNBC: 

• Growth of shadow banking spurs warnings of a new credit crisis. (video)

Zero Hedge:

• Wikileaks Releases Another 850 Podesta Emails In Part 8 Of Data Dump; Total Is Now 11,019.
• Restuarant Industry In Gloom As Number Of Americans Eating Out Tumbles. (graph)
• "Radical Changes To The Business Model" - Deutsche Bank(DB) Forced To Shrink US Operations As Part Of DOJ Settlement.
• Here Are Hillary Clinton's Three Speeches To Goldman Sachs For Which She Was Paid $675,000.
• 5 Urgent Warnings From Big Banks That The "Economy Has Gone Suicidal".
• Drowning In Debt: 35% Of Americans Have Debt That Is At Least 180 Days Past Due.
• Obama Tells CIA To Prepare For Cyber War With Russia.
• What Triggers Collapse?
• Furious Trump Lashes Out At Accusers, As Witness Emerges Refuting Assault.
• Scenes From The Apocalypse - Mass Immigration Ruins The Streets Of France. (video)
• China As A Leading Economic Indicator. (graph)
• Anti-Catholics & Elitist Bigots.
• One Hedge Fund's Market Summary: "The Good, The Bad, And The Ugly"... And An Important Chart.
• "This Rarely Ends Well" - Traders Fear Ominous Divergence In S&P 500. (graph)
• JPM Responds To Yellen's "Dovish" Speech: "We Continue To Expect The Next Hike In December".
• It's Deplorable! Less Than 1 In 3 Are 'Satisfied' With Hillbama's America. (graph)
• US Budget Deficit Spikes 34%, Grows For The First Time Since 2009. (graph)
• Weekend Reading: Market Breaks Support, Time To Worry? (graph)
• What A Week: Bonds Battered, Copper Clubbed, Stocks Slide As China Currency Crumbles. (graph)

Business Insider:

• The US is reportedly considering a cyber attack to 'embarrass' Russia over alleged hacking.
• TRUMP: 'I think we should take a drug test prior to the debate'.
• Tinder culture has taken over, and now it's killing retail.
• A tectonic shift just occurred in a $2.65 trillion investment industry.
• ALBERT EDWARDS: Forget the pound, the renminbi is the currency we should be really worried about.
• How the Obama administration helped increase the cost of air travel.

The Telegraph:

• Beware, a long period of belt-tightening is in prospect.

FAS: 

• Merkel Said to Seek More Sanctions on Russia Over Syria. German Chancellor Angela Merkel to seek more sanctions at European Council meeting on Thursday and Friday, citing officials.

21st Century Business Herald:

• PBOC Said to Summon Big Banks Over Mortgage Risk. PBOC called a meeting of senior officials at state-owned and commercial banks on Oct. 12 to discuss property market lending, citing people familiar with the matter. PBOC officials said residential mortgage loan growth is currently too fast, and an overheated property market could affect economic stability. Mortgage loans in some regions have doubled since the end of last year. In some areas, mortgages account for 90% of new lending.