Top Tweets for #MIDDAYREPORT
#MiddayReport | Thousands of inherited properties remain under the names of deceased owners because their heirs cannot afford to pay estate taxes and penalties.
Now, the Senate is considering a new estate tax amnesty to help families settle their tax obligations and finally transfer these properties to their names. | via Dexter Ganibe
https://t.co/8GErcIB6IE
#MiddayReport | Who gets government funds and who gets to decide?
With the national budget under scrutiny, Senate President Win Gatchalian wants to make sure politicians don’t have too much say in where public money goes.
He’s also pushing to ensure the budget complies with the Supreme Court’s latest ruling on unprogrammed funds. | via @hannaaahty
#2027Budget
https://t.co/bU5XMiynCQ
#MiddayReport | What happens to the evidence gathered against Vice President Sara Duterte now that three of the four impeachment articles have been withdrawn?
The documents don’t necessarily go away. The Office of the Ombudsman says it will review the evidence once House prosecutors turn it over, raising the possibility of further investigation outside the impeachment process. | via @JohnRizCalata
#ImpeachmentWatch #VPSaraOnTrial
https://t.co/WIfHkIqGFX
#MiddayReport | Davao City Representative Paolo Duterte has filed libel and cyberlibel complaints over a GMA News report linking him to an alleged 100-million-peso cash delivery.
https://t.co/78piaq2KuQ
#MiddayReport | Hundreds of hog raisers are calling for a total ban on pork imports, warning that cheaper imported pork is driving local producers into deeper losses.
They are also questioning the government’s response to their concerns. | via Isaiah Mirafuentes
https://t.co/X1tFCZSA4b
#MiddayReport | The Bangko Sentral ng Pilipinas’ biggest interest rate hike this year could help bring inflation under control but at a cost to economic growth.
Economists warn that higher borrowing costs could mean less consumer spending and fewer business investments, even as prices continue to rise. | via @CheSulit
https://t.co/l5KdwurVk1
#MiddayReport | A historic silver medal and a half-million-peso reward for each athlete.
After ending an eight-year medal drought for the Philippines in para-table tennis, Lhey Marie Manginsay and Jan Wilfred Redulla are looking to use their expected cash incentives to support their families and invest in their training.
And there's more good news for Team Philippines, with another bronze medal added to the country's haul. | via Zeus Valdez
https://t.co/0sOrgNFFvG
#MiddayReport | Let’s now turn to the weather and what we can expect over the next few days.
Joining us is BNC’s resident meteorologist, Benison Estareja.
https://t.co/5mSbGwLRFu
#MiddayReport | Former BARMM parliament member Edrieza Rimbang denies allegations linking him to an attempt to smuggle 3.5 billion pesos worth of illegal drugs from Laos.
https://t.co/4ZWYuKYHjw
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$SPX #SPX #SPXOptions #ES #ESFutures #0DTE #OptionTraders #NQ #Futurestrading #MiddayReport
Another Call Out to Jennie at @deltagammavault. If it was not for Jennies call outs. I would have left my trade with a nice loss if I did not listen.
Midday Market Analysis: S&P 500 Selling Pressure Intensifies
For Educational Purposes Only - Not Trading Advice:
## Market Overview
The S&P 500 (SPX) is currently trading at **7,653.25**, reflecting a decline of 103.92 points. With price action pinned near the lows of the session (**7,646.05**), the index is resting at only 13% of its daily range. The /ESZ26 futures are trading at **7,693.75**, maintaining a basis of approximately 40.50 over the spot index.
## Key Levels and Observations
* **Resistance:** The session high for /ES was **7,742.50**, which now stands as a significant overhead barrier.
* **Support:** Price is currently testing intraday support levels near the **7,646.00** mark. A failure here could trigger further downside momentum.
* **Volatility:** The VIX is hovering at **19.07**, suggesting an uptick in market anxiety as traders navigate a session defined by a clear board shift toward selling.
## Risk Considerations
* **Vol Growth:** The shift in the dashboard indicates increasing volatility and deteriorating breadth.
* **Model Implied Moves:** With an implied move of ±92 points and only 3.2 hours remaining in the session, traders should anticipate heightened chop near the close as positions are hedged or liquidated.
## Actionable Insights
* **Trade Bias:** Given the index's position near daily lows and the negative sentiment reflected in the dashboard, favor a defensive posture.
* **Focus:** Monitor the **7,646.00** level for signs of a potential bounce or a breakdown continuation. Risk management remains critical; ensure all setups adhere to the established midday entry plan and invalidation points as defined in the live model.
#MiddayReport | A showdown over the national budget is taking shape between the Marcos administration and the Supreme Court.
The Palace is challenging the High Court’s ruling that declared certain unprogrammed appropriations unconstitutional.
At the heart of the dispute: Where do the government’s budgetary powers end, and the Supreme Court’s authority begin? | via @rachelivvvv
https://t.co/ht54zILCD2
#MiddayReport | The Senate is seeking clarifications from the Budget Department on the Supreme Court ruling that declared certain budget provisions for 2024 and 2025 unconstitutional.
Senators also questioned the proposed 2027 budget’s sharp increase in funding for financial assistance to local government units. | via Dexter Ganibe
https://t.co/Wx2pVABWhq
#MiddayReport | More than ₱1 billion in alleged cash deliveries to former congressman Zaldy Co.
A witness claims he delivered the money to Co’s residences in Taguig and Pasig between 2022 and 2024.
The testimony came during the bail hearing of former House Speaker Martin Romualdez, where defense lawyers also questioned inconsistencies in witness accounts. | via @JohnRizCalata
#FloodControlScandal
https://t.co/uOlvUvaatV
#MiddayReport | A new safety requirement for buses using the EDSA Bus Carousel: All units must now have working left-side doors.
The move is meant to make boarding and getting off safer for passengers.
But while commuters welcome the change, some bus drivers say they need more time to comply. | via Maica Razon
https://t.co/W8mSWOdVc1
#MiddayReport | The House of Representatives is investigating an attempt to ship 3.54 billion pesos worth of shabu from Laos to the Philippines.
Lawmakers want answers, why was the Philippines the intended destination, and how are drug smugglers attempting to get such large shipments into the country? | via Isaiah Mirafuentes
https://t.co/7rWCekQYAQ
#MiddayReport | The next big threat to Philippine agriculture could come from the weather.
A strong El Niño could cost farmers and fisherfolk billions of pesos in losses.
And with the agriculture sector at risk, Senator Kiko Pangilinan is urging the government to consider declaring a nationwide state of calamity. | via @hannaaahty
https://t.co/KoC2juO6l4
#MiddayReport | Philippine exports just posted their strongest monthly performance in 35 years.
A major milestone for the country's trade sector.
But even as exports surge, business leaders are warning that geopolitical tensions could put that momentum at risk.
And with relations between Manila and Beijing under strain, exporters are looking to protect existing markets while opening up new ones. | via Remus Macasero
https://t.co/VaeOvBWjwI
#MiddayReport | France is bracing for another round of mass protests, and authorities are determined to prevent a repeat of last week's violence.
Paris is preparing for a major security operation, with police and military personnel set to be deployed ahead of Saturday's demonstrations. | via Dick Villanueva, Europe correspondent
https://t.co/YLoQdvrCeb
#MiddayReport | Imagine celebrating a bronze medal, only to find out the next day that you didn't win it after all.
That's what happened to Filipino runner Cyril Cloyd Ongcoy at the Aichi-Nagoya 2026 Asian Para Games.
Ongcoy was initially placed third after another runner was disqualified. But officials later overturned that decision, dropping him to fourth place.
Now, the Philippine delegation wants answers, not about the final result, but why the original standings were announced while an appeal was still pending. | via Zeus Valdez
https://t.co/gIcMfz3zM1
#MiddayReport | Super Typhoon #RosalPH is expected to weaken into a typhoon within the day and is forecast to exit the Philippine Area of Responsibility by early Saturday, October 24.
What conditions can we expect across the country in the coming days?
BNC's resident meteorologist, Benison Estareja, joins us with the latest forecast.
https://t.co/Dk2x6WZULI
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