Daily News Briefing

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Tuesday, October 20, 2026

Evening edition

AI

Google releases TorchTPU as open sourceGoogle on Tuesday made TorchTPU, its version of PyTorch for running AI apps on its Tensor Processing Units, available as an open-source project, TechCrunch reported Oct. 20 (single source). Google says it worked with Meta, Hugging Face, Inferact and RadixArk, among others, on compatibility, and it also released a TPU agent suite and updated its LiteRT tool, according to TechCrunch.
Sources: TechCrunch
Supermicro raises preliminary first-quarter revenue to $18.5 billion to $19.5 billionSuper Micro Computer said Oct. 20 that it expects preliminary revenue of $18.5 billion to $19.5 billion for the first quarter of fiscal 2027, above its prior guidance of $14.5 billion to $15.5 billion, and gross margin of 12.0% to 12.5%, versus guidance of 10.4% to 10.8%. The company said the increase was "primarily due to increased demand for AI platforms" and that the figures are unaudited; its earnings call is set for Nov. 3.
Sources: Supermicro release via StockTitan

Financial

Tuesday's close, per the AP: the S&P 500 rose 21.84 points, or 0.3%, to 7,712.57, the Dow Jones Industrial Average rose 529.85 points, or 1%, to 52,495.88, the Nasdaq composite fell 6.07 points, or less than 0.1%, to 26,424.82, and the Russell 2000 rose 45.12 points, or 1.7%, to 2,773.42.

S&P 500	7,712.57	+0.3%	+12.7% YTD
Dow	52,495.88	+1%	+9.2% YTD
Nasdaq	26,424.82	-<0.1%	+13.7% YTD
Russell 2000	2,773.42	+1.7%	+11.7% YTD

Source: AP via myMotherLode

GM reports third-quarter results, approves $20 billion buybackGeneral Motors reported third-quarter 2026 revenue of $50.0 billion, net income attributable to stockholders of $3.3 billion and EPS-diluted of $3.73 in an Oct. 20 release. GM updated its full-year EBIT-adjusted guidance to $14.5 billion to $15.5 billion, from $14.0 billion to $16.0 billion, and its board approved a new $20.0 billion share repurchase authorization and a quarterly dividend of $0.18 per share, payable Dec. 17.
Sources: GM release via Investing News
3M reports third-quarter results, raises full-year EPS guidance3M reported third-quarter GAAP sales of $6.6 billion, up 1.0%, GAAP EPS of $2.63 and adjusted EPS of $2.50, and raised its full-year 2026 adjusted EPS guidance to $9.10 to $9.15, the company said Oct. 20. Chairman and CEO William Brown said, "We delivered another quarter of strong results."
Sources: 3M
Netflix reports third-quarter revenue of $12.87 billionNetflix reported third-quarter 2026 revenue of $12,874 million, up 11.8% from a year earlier, operating margin of 34.6% and diluted EPS of $0.87 in its Oct. 20 shareholder letter. Netflix forecast fourth-quarter revenue of $13,442 million and operating margin of 26.0%.
Sources: Netflix letter via StockTitan

Real estate

Redfin: U.S. home prices up 0.25% in SeptemberThe Redfin Home Price Index rose 0.25% month over month in September, seasonally adjusted, and 3.8% year over year, which Redfin called the fastest annual growth since June 2025, according to an Oct. 20 Redfin release. Prices rose in 34 of the 50 most populous metros, led by Philadelphia at 1.9%, and fell in 16, with the largest monthly drop in Fort Worth, Texas, at 0.9%, Redfin said.
Sources: Redfin release via PR Newswire

Los Angeles

Bass asks DWP board to pause shutoffs through end of yearMayor Karen Bass on Tuesday asked the Department of Water and Power Board to pause service shutoffs through the end of the year for customers facing higher bills, NBC Los Angeles reported. Beginning next month, the utility will provide every residential customer with information about electricity and water usage, NBC Los Angeles reported. The report did not say whether the board has acted on the request.
Sources: NBC Los Angeles
Building commission declares two properties nuisances; council orders report on citywide programThe Los Angeles Board of Building and Safety Commissioners on Tuesday unanimously declared a fire-destroyed home at 13455 W. Bassett St. in Valley Glen a nuisance, requiring the owner to clean up and demolish it at the owner's expense, and also declared 10926 Hartsook St. a nuisance, MyNewsLA reported. The City Council approved a motion ordering city staff to report within 30 days on a citywide vacant and public nuisance property abatement program, according to MyNewsLA.
Sources: MyNewsLA
City Council confirms Michael Chavez to Harbor CommissionThe Los Angeles City Council on Tuesday unanimously confirmed Mayor Karen Bass's appointment of Michael Chavez, a nightside general foreman at Metropolitan Stevedore Company and former president of the ILWU Southern California District Council, to the five-member Harbor Commission, MyNewsLA reported. Chavez succeeds Commissioner Edward Renwick, according to MyNewsLA.
Sources: MyNewsLA

Santa Clarita

Planning Commission takes up granny flat rules Tuesday nightThe Santa Clarita Planning Commission was scheduled to discuss proposed Class 2 accessory dwelling unit rules at 6 p.m. Tuesday, Oct. 20, at City Hall, 23920 Valencia Blvd., The Signal reported. The proposal includes a maximum size of 1,000 square feet for attached or detached units with two or more rooms, a street setback, yard coverage limits and parking requirements with exemptions, and the City Council must also approve the rules, according to The Signal.
Sources: The Signal
The Cube hosts 'Skate and Scare' SaturdayThe City of Santa Clarita will hold a Halloween "Skate and Scare" public skating session at The Cube, 27745 Smyth Drive, Valencia, from 1:30 to 4:30 p.m. Saturday, Oct. 24, with a costume contest at 2:30 p.m., KHTS reported. Admission is $21 per person including skate rental, according to KHTS.
Sources: KHTS

Pullman-Moscow

Moscow seeks public input on police memorial sculptureThe City of Moscow is asking residents to submit up to three words representing police service for "Eternal Watch," a memorial sculpture by artist Ken McCall to be installed at the entrance to the Moscow Police Department, Pullman Radio reported Oct. 20. The sculpture will honor law enforcement officers, including Moscow Police Officer Lee Newbill, who was killed in the line of duty in 2007, according to Pullman Radio.
Sources: Pullman Radio

US politics

Trump and Vance announce $25 million fraud whistleblower programPresident Donald Trump and Vice President JD Vance on Tuesday announced a $25 million Fraud Whistleblower Incentive Program, under which anyone whose tip leads to a fraud conviction or significant federal enforcement action is eligible for up to $30,000, the Associated Press reported, citing the White House. The Justice Department will administer the program, and Trump said, "I will be the arbitrator of all of these decisions," according to the AP.
Sources: AP via KRMG
CNN warns of new legal action over Air Force One accessCNN attorney Theodore J. Boutrous Jr. wrote to Justice Department attorney Michael K. Velchik late Monday that CNN "will have no choice but to return to the court" if the White House keeps excluding it from Air Force One and the press pool, and gave the White House two days to respond, the Associated Press reported Oct. 20. The Justice Department did not respond to the AP's request for comment.
Sources: AP via KRMG

Global risks

Abyei official says death toll from drone strike on market rises to 153Yohana Akol Ngor, caretaker minister of information in the disputed Abyei region on the Sudan-South Sudan border, told Reuters on Tuesday that the toll from Monday's drone strike on a market had risen to 153 from 73, and said Sudan's army was responsible, without providing evidence, Reuters reported. South Sudan's foreign ministry said it summoned Sudan's ambassador to convey its "strong protest and deep concern," Sudan Tribune reported; Sudan's armed forces did not immediately respond to Reuters. Sudan ranks 2nd and South Sudan 3rd of 179 countries in the 2024 Fragile States Index (Fund for Peace), the top quarter.
Sources: Reuters via TimesLIVE, Sudan Tribune