Congress Stock-Trading Ban Blocked | Kalshi’s $40B Valuation | Inflation, China & Apple

Today’s biggest business and market stories explained in one video. In this edition of The Capitalist’s October 1 briefing, we break down the Senate vote on congressional stock-trading restrictions, Kalshi’s reported $40 billion funding valuation, the latest U.S. core PCE inflation data, China’s new economic support measures, California’s proposed billionaire tax, Apple’s memory-chip cost problem, Meta’s massive AI spending, and Denny’s AI-powered restaurant turnaround. Here’s what we cover: 00:00 Intro 01:05 Congress stock-trading bill blocked 04:05 What the proposed restrictions would have changed 06:15 Kalshi’s reported $40B valuation 09:00 Kalshi vs DraftKings & FanDuel 11:20 U.S. core inflation at 3.0% 14:10 What the PCE report means for rate expectations 16:20 China’s mini-stimulus 18:25 California’s proposed billionaire tax 21:00 Apple job cuts & memory-chip costs 24:00 Meta’s $140B AI spending 26:30 Muse, AI agents & infrastructure costs 28:30 Denny’s Project Grand Slam 30:00 Final market takeaways KEY TOPICS: • Congress stock trading restrictions • Stop Insider Trading Act • Senate stock trading vote • Kalshi $40 billion valuation • DraftKings stock • FanDuel / Flutter • Prediction markets • PCE inflation • Core PCE 3.0% • Federal Reserve rate expectations • China stimulus • China economic growth • California billionaire tax • Apple memory shortage • Apple job cuts • AI memory demand • Meta AI spending • Meta Muse • OpenAI AI agents • Denny’s AI strategy This video is an educational news breakdown based on the source material and is not personalized financial or investment advice. Subscribe for concise explanations of markets, business, technology, economics and major financial news. #MarketNews #StockMarket #Inflation #Kalshi #Apple #Meta #BusinessNews #Economy #AI #Investing