Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's

market-moving events, along with the weekend's top news and analysis.

Hello, today is Sunday, October 12th, and I'm your host Kim Con.

It's not often that the start of earnings season gets lost in the shuffle,

but along with the continuing government shutdown, Wall Street is riding the roller coaster of

U.S.-China trade. President Donald Trump appeared to flip the China script again on Sunday,

downplaying tensions. On Friday, he said he will institute 100% tariffs on China,

due largely to their recent restriction of rare earth exports. China took a page out of the Tom Petty Songbook on Sunday saying it won't back down and is not afraid of a tariff war. And Trump channel Bobby McFerrin and said, don't worry, President Xi Jinping just had a, quote, unquote, bad moment, and the U.S. wants to help China. Crypto, which had been rallying after Vice President J.D. Vance, said Trump is willing to be a reasonable negotiator with China, pop further today.

Bitcoin is up 3%. Meanwhile, the government shutdown enters its third trading week.

Prediction markets say the shutdown is now expected to last more than 30 days, nearing the record of

35. This weekend, the administration sent layoff notices to

thousands of federal workers, but some were later reversed. The Treasury and Health and Human

Services departments were hit the worst. So, lots of ingredients for a volatile Columbus Day,

which is not a market holiday. But for those who can tune out the noise, there will be lots

of numbers to assess as companies start to report earnings in earnest, starting with the big banks. J.P. Morgan, Goldman Sachs, Wells Fargo, Black

Rock, Citigroup, Bank of America, and Morgan Stanley are all set to issue results. J.P. Morgan

Chase is up Tuesday, with analysts expecting EPS of $487, on revenue of $45.57 billion.

Analysts say J.P JP Morgan's investment thesis centers on robust

credit card growth, resilient investment banking momentum, and guidance for higher net interest

income. Goldman Sachs also reports Tuesday, with the forecast for EPS of 1062 on revenue of 14.13

billion. Goldman's investing banking in Fick financing segments are showing robust growth,

while its asset and wealth management business is expanding, especially in alternative assets.

...