GRO MONEY NEWS - ⚡ AI POWER JUST GOT A $37.5B VALUATION. THE PREF STARTS AT 10%.

💰 Flex is separating its AI power and cloud infrastructure business, Axiom, after raising $2B of convertible preferred capital. The preferred pays 10% cash before the separation, then steps down after the business de-risks.

That is the lesson.

Capital should get cheaper as risk disappears.

Meanwhile:

🏭 Schneider Electric agreed to buy PTC for $23.7B.
⚛️ DOE conditionally offered up to $4.2B to preserve nearly 4 GW of nuclear power and add 433 MW.
🚚 C.H. Robinson agreed to acquire RXO for roughly $5.8B.
🏢 Fannie Mae backed more than $630M of multifamily refinancing.
📈 And the 10 year Treasury still finished around 5.31%.

💡 Today’s sales idea: build a Milestone Refinance Map.

Show exactly when expensive development equity can be replaced by cheaper capital after power, permits, customer contracts, construction, and first revenue are secured.

If a project de-risks but the capital stack never gets cheaper, the sponsor is giving away the value it just created.

🎧 Listen to today’s GRO Money News and share it with someone financing AI infrastructure, power, private credit, or real estate.

Until tomorrow, be the best human you can be.

~ Teresa Grobecker

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Duration: 25m
Broadcast on: 07 Oct 2026
Audio Format: other

It should accept construction risk, illiquidity, tenant concentration, execution risk, technology risk, and a multi-year hold for less than 4 percentage points over the United States Treasury. The spread is not a footnote anymore. It is the transaction. Services just said Friday's jobs report was not the whole economy. September services activity remained firmly in expansion territory. The services purchasing managers' index came in at 54.9, slightly below August, but comfortably above the 50 level separating expansion from contraction. The employment component moved back into expansion at 50.1 after contracting in August. New orders remained strong at 59.8, while business activity was 56.5. Then came the number bond investors cared about. The prices index climbed to 74, the highest reading since July 2022. Businesses are still reporting higher prices for fuel, diesel, copper, steel, switchgear, wire, cable, computers, memory products, solid state drives, and other inputs directly connected to the industrial and technology economy. That helps explain why Friday's 29,000 payroll number did not send the 10-year treasury permanently lower. The labor market is slowing. The service economy is still expanding. Input inflation is still alive. All three statements can be true at the same time. For infrastructure investors, that means the cost of the project and the cost of the money financing the project can remain under pressure even while hiring weakens. Asia is following Wall Street, but China is still off the field. Japan's Miikei is modestly higher Tuesday morning, around 70,250, with electronics and financial shares among the stronger groups. Hong Kong is also trading positively, while several other Asian markets are mixed after Monday's record closed for the NASDAQ. Mainland Chinese exchanges remain closed for Golden Week and reopen Thursday. That makes Hong Kong and offshore markets the primary source of Chinese price discovery until mainland institutions return and process nearly a week of accumulated global developments at once. Oil remains an important variable.

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