Power & Grid — Thursday, October 29, 2026

Power & Grid · Thursday, October 29, 2026

Play with this page: every chart carries hover readouts and a table view; compare views on 3 charts · range windows on 2 · 3 your-arithmetic sliders — dial in your own figure against the desk's printed lines. Everything you can reach shows only the edition’s own figures — the sliders show yours, labelled as yours.

Wednesday closes — moves

The table's other rows are the 10-year Treasury yield at 5.05%, +6 basis points — basis points, not percent — and Gold at $4,073.72, -$0.88. The VIX eased to 16.91, as printed.

Table view — the same figures as text

Series	As printed
S&P 500	+0.28%
Dow Jones	+0.19%
Nasdaq Composite	+0.27%
Natural gas (November)	+4.45%
Brent crude	+1.26%
WTI crude	+2.88%

Source: Power & Grid edition, Oct 29 — the 60-Second Regime Matrix table, Wednesday, October 28, moves as printed.

The 10-year yield against its watch line

The 5.00% line is a desk threshold, not a sourced figure — as the edition itself prints it. The yield closed at 5.05%.

Compare note: in the Against the line view, bars that fall short of 5.00% are dimmed; every figure is unchanged.

YOUR ARITHMETIC — the yield and the watch line above are the desk's, as printed. Dial in YOUR OWN yield figure and stand it against the printed line; the figure you choose is your hypothetical, not the desk's.

Table view — the same figures as text

Series	As printed
10-year Treasury yield — Wednesday close	5.05%
Desk watch line	5.00%

Source: Power & Grid edition, Oct 29 — What Needs Your Attention Today, as printed.

The rates and inflation the decisions sit on

Canada inflation was running at 3.1% in September with gasoline prices up 27.8% from a year earlier, as printed.

YOUR ARITHMETIC — the settings and readings above are the desk's, as printed. Dial in YOUR OWN rate or inflation figure and see where it would stand among them; the figure you choose is your hypothetical, not the desk's call.

Table view — the same figures as text

Series	As printed
Bank of Canada policy rate — before the rise	2.25%
Bank of Canada policy rate — after the rise	2.50%
Canada inflation, September	3.1%
U.S. inflation, September	3.7%
Federal Reserve target range — held	3.75% to 4.00%

Source: Power & Grid edition, Oct 29 — The Macro Vector — One Bank Raised, One Bank Split, Both Blamed Energy, as printed.

GE Vernova's gas-equipment backlog — the promise test

The 120 gigawatts line was a desk threshold, not a company figure — as the edition itself prints it.

Compare note: in the Against the line view, bars that fall short of 120 gigawatts are dimmed; every figure is unchanged.

YOUR ARITHMETIC — the backlog and the promise line above are the desk's, as printed. Dial in YOUR OWN backlog figure and stand it against the printed line; the figure you choose is your hypothetical, not the desk's.

Table view — the same figures as text

Series	As printed
Gas equipment under contract — last quarter	116 gigawatts
Gas equipment under contract — now	122 gigawatts
Promised by December 31 — raised promise	at least 130 gigawatts

Source: Power & Grid edition, Oct 29 — the Dispersion section, the GE Vernova passage as printed.

GE Vernova earnings — reported against expectations

Expectations keep their printed wording: near $4.01.

Table view — the same figures as text

Series	As printed
Earnings a share — reported	$4.81 a share
Earnings a share — expectations	near $4.01

Source: Power & Grid edition, Oct 29 — the executive thesis as printed.

GE Vernova — the quarter in dollars

Orders rose 96% organically — excluding acquisitions and currency effects — as printed; total backlog grew by $20 billion in three months, as printed.

Table view — the same figures as text

Series	As printed
Total backlog	$197 billion
Orders in the quarter	$29.3 billion
Share-buyback authorisation — doubled to	$20 billion
Revenue	$12.6 billion
Trench Group acquisition	$9 billion
Quarterly free cash flow	$5.4 billion

Source: Power & Grid edition, Oct 29 — the Dispersion section, the GE Vernova passage as printed.

GE Vernova free-cash-flow guidance — the raised range

Guidance as printed — ranges stay ranges.

Table view — the same figures as text

Series	As printed
Full-year free-cash-flow guidance — previous range	$11.5 billion to $12.5 billion
Full-year free-cash-flow guidance — raised range	$16 billion to $17 billion

Source: Power & Grid edition, Oct 29 — the Dispersion section, the GE Vernova passage as printed.

Petroleum stocks — crude, gasoline and distillate

Changes as printed: crude oil inventories falling by 1.9 million barrels, gasoline stocks rose by 3.9 million barrels, distillate stocks fell by 1.5 million barrels. Distillate stocks sit about 10% below their five-year average level, as printed.

Table view — the same figures as text

Series	As printed
Crude oil inventories	410.6 million barrels
Gasoline stocks	209.2 million barrels
Distillate stocks	102.8 million barrels

Source: Power & Grid edition, Oct 29 — the Dispersion section, the Weekly Petroleum Status Report passage as printed.

In the words, not the charts: this view charts the edition’s bound figures only. The edition’s sections — What Needs Your Attention Today · 60-Second Regime Matrix · The Macro Vector — One Bank Raised, One Bank Split, Both Blamed Energy · Dispersion — The Turbine Queue Converted, the Oil Cushion Thinned · Tactical Asymmetry — A Reading Day With Four Dated Tests · Value Creation vs Value Capture — include stories whose substance is narrative or conditional; those are told in the Newsletter state.