• A nuclear renaissance is happening.
• This article is about the big picture, not an individual stock.  The chart of CCJ stock is being used to illustrate the point.
• The chart shows the jump up in CCJ stock on the news of a big U.S. nuclear power deal.
• Cameco is a Canadian uranium miner that owns part of Westinghouse along with Brookfield Renewable Partners LP (NYSE:BEP).
• Westinghouse is one of two major manufacturers of conventional nuclear reactors in the U.S.  The second major manufacturer is GE Vernova Inc (NYSE:GEV).
• The U.S. government has entered into a strategic partnership to deploy $80B of nuclear reactors in the U.S. using Westinghouse nuclear technology.
• NextEra Energy Inc (NYSE:NEE) has announced that it plans to restart the Duane Arnold Energy Center nuclear plant in Iowa.  Alphabet Inc Class C (NASDAQ:GOOG) will be the purchaser of electricity generated by the plant.
• BROOKFIELD ASSET MANAGEMENT LTD (NYSE:BAM) has won the bid from Santee Cooper to finish two partially built nuclear reactors in South Carolina.
• BWX Technologies Inc (NYSE:BWXT) has announced a new nuclear steam generator contract with Rolls-Royce Holdings PLC ADR (OTC:RYCEY) to support smart modular reactors.
• We have been sharing with you that massive layoffs due to AI are coming.  Amazon.com, Inc. (NASDAQ:AMZN) has opened the flood gates with a plan to cut up to 30K jobs, about 10% of its white collar workers.  There are other factors, but this is primarily the result of aggressively rolling out AI.  Now that Amazon has opened the flood gates, expect more companies to announce layoffs.
• Here is a question most investors have not asked as the stock market runs to new highs: What are the massive layoffs going to do to the U.S. economy?  The U.S. economy is 70% consumer based.  If people do not have jobs, they are not going to be buying houses, appliances, and cars or going out to restaurants.  What will be the impact on earnings?  
• As the stock market hits new highs, the U.S. national debt has crossed $38T.
• In the absence of data from the U.S. government, ADP has announced plans to release an employment report weekly.  In the four weeks ending Oct. 11, 2025, there was an average increase of 14,250 jobs.  This data runs counter to the prevailing wisdom.  Will the data impact the Fed's anticipated interest rate cut tomorrow?  The answer is no because the Fed seems to have already decided to cut interest rates due to pressure from President Trump.  The Fed is in the mode of making a decision first and then selecting data to support it.
• The FOMC meeting starts today.  The Fed will announce its rate decision tomorrow at 2pm ET followed by a press conference by Fed Chair Powell at 2:30pm ET.
• Consumer confidence data was released at 10am ET.
• Five of the Magnificent Seven stocks will report earnings this week.
• Microsoft Corp (NASDAQ:MSFT) stock is jumping as it reaches a deal to hold about 27%, about $135B, of OpenAI, the maker of ChatGPT.

The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever Generate Wealth Newsletter.