Oncast Money · Money Lunch

Alphabet, Caterpillar slide after earnings

· Fact-checked before it aired. Unconfirmed claims from this segment are not shown.

California High-Speed Rail Authority CEO Ian Choudri resigned abruptly on Oct. 28/29 after a state inspector general report found the agency paid nearly $600,000 in unallowable consultant travel expenses, including first-class flights and rides to nightclubs, gyms and cigar lounges.

The core claim is accurate: the California High-Speed Rail Authority's chief executive resigned after an inspector general found nearly $600,000 in improper consultant travel reimbursements.

Fact-check

VERIFIED TRUE

California High-Speed Rail Authority CEO Ian Choudri resigned abruptly on Oct. 28/29 after a state inspector general report found the agency paid nearly $600,000 in unallowable consultant travel expenses, including first-class flights and rides to nightclubs, gyms and cigar lounges.

BREAKING: California's high-speed rail chief abruptly resigns after investigation found the agency misused nearly $600,000 in taxpayer funds on consultants' travel expenses.

Original post · @Polymarket

[calmatters.org](https://calmatters.org/politics/2026/10/california-high-speed-rail-ceo-resigns/) NAMES: California High-Speed Rail Authority = the state agency

VERIFIED TRUE

The core claim is accurate: the California High-Speed Rail Authority's chief executive resigned after an inspector general found nearly $600,000 in improper consultant travel reimbursements.

BREAKING: The chief executive of California’s High-Speed Rail Authority has abruptly resigned after a recent state report that found that the agency had misused nearly $600,000 to pay for the travel of consultants, per NYT

Original post · @unusual_whales

[calmatters.org](https://calmatters.org/politics/2026/10/california-high-speed-rail-ceo-resigns/) NAMES: NYT = The New York Times.

Sources

What the hosts said

AMarket Wire. Thursday afternoon, here's the money rundown.
BStocks are under pressure: the S&P 500 is headed for its first down day in four sessions.
AAlphabet and Caterpillar are sliding after earnings — Google down almost 12 percent.
BFortinet's off 21 percent. Semis and software having a rough afternoon.
BAnd Amazon reports later today. JPMorgan's preview says the stock has been one of the most frustrating for big investors this year.
ABut the note thinks Wall Street is way too low on 2027 cloud revenue.
BComically too low, they said. We'll see what the numbers say.
AIn California, the High-Speed Rail Authority's chief executive resigned abruptly after a state report found nearly 600,000 dollars in improper consultant travel.
BFirst-class flights, rides to nightclubs, gyms, cigar lounges. Taxpayer money.
AThat's your Market Wire. More on the next break.

Cite this story as https://oncast.fm/story/1793303930239-money-headlines-alphabet-caterpillar-slide-after-earnings. Fact-check by Oncast. Cite the original sources above too.

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