10AM Hour: G7 To Release 100M Barrels of Oil, Nike Goes off Track, Goldman’s First Reaction to Jobs Report 10/2/26

Goldman now expects the Fed's final hike in December, not October, as soft jobs data and easing energy prices pull yields down.

• G7 diesel release: Coordinated 100 million-barrel IEA release begins immediately over four months (first 20 days key), after Trump said Europe agreed to release "a massive amount" of stocked diesel; heating oil futures fell ~5% on the news.
• Nike downgraded: Williams Trading's Sam Poser cut his 2+ year buy rating to hold after Nike guided high-single-digit revenue decline next fiscal year and announced a third layoff round starting in FY27; he cites a "stalled product creation engine" from lost talent.

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