11,024.22S&P IPSA · Thu Oct. 8 close · +0.22%

DailyDrop.

—USD/CLP · Thu Oct. 8 close · no confirmed figure
S&P IPSA11,024.22▲0.22%10/8USD/CLP—S&P 5007,765.36▼0.47%10/8WTI$91.50▲3.60%10/8Gold$4,157.00▲0.20%10/8
Society · EmergencyPress ✓ 5 outlets · initial toll per BioBioChile, Cooperativa, T13, El Mostrador and Emol

A debris flow hit San Carlos de Apoquindo in Las Condes: six injured, and Kast decrees a disaster zone

The event followed about 15 millimeters of rain in a very short time. The government suspended classes and restricted traffic in the area.

A debris flow came down through San Carlos de Apoquindo, in Las Condes, on Thursday, October 8, sweeping away vehicles, among them a Red Movilidad bus, according to BioBioChile and Emol. Cooperativa and T13 reported six injured, one of them a one-year-old child with a fracture; no deaths were reported.

Kast decreed a disaster zone and Senapred declared a red alert; classes were suspended and traffic was restricted, according to El Mostrador. Sernageomin spoke of a “flash flood,” and the Prosecutor’s Office could investigate responsibility. Delegate Germán Codina linked it to a forest fire that weakened the ravine, according to BioBioChile. There is still no count of damaged homes.

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By the numbers
6injured in the first toll (Cooperativa, T13)
15 mmof rain in an extremely short span (authorities)
0deaths reported as of press time
Economy · InflationPress ✓ 4 outlets · INE figures per BioBioChile, CNN Chile, La Tercera and DF

CPI rose 0.4% in September, somewhat below expectations, but diesel jumped 10.2% and Quiroz asks the Central Bank for measures

September CPI rose 0.4%, below the 0.5% expected, and 12-month inflation was 4.1%, according to the INE, cited by BioBioChile and CNN Chile. Diesel rose 10.2%, gasoline 2.7% and electricity 1.6%. Economists project a year-end figure between 4.5% and 5%, according to La Tercera.

Finance Minister Jorge Quiroz said that CPI is the Central Bank’s responsibility and that monetary measures must be taken, which reopens the debate over its autonomy, according to T13. CNN Chile added that he acknowledged that meeting the official target of 3.8% is challenging.

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Word of the day
IPoMMonetary Policy Report

A quarterly Central Bank document with its inflation and growth projections. The September one estimated 4.3% inflation for year-end.


Politics · Foreign affairsPress ✓ 5 outlets · remarks and replies per El Mostrador, T13, Emol, CNN Chile and BioBioChile

Foreign Ministry weighs a protest note to the U.S. ambassador over his remarks on the Strait of Magellan

Foreign Minister Francisco Pérez Mackenna said that “the Strait of Magellan was, is and will always be Chilean” and that “territorial integrity is not transactional,” after remarks by U.S. Ambassador Brandon Judd, according to T13 and Emol. On a possible protest note, he said he “is not ruling anything out” until the evaluation ends.

Judd maintained that his words were taken out of context and that “at no point” did he make Chilean sovereignty conditional, according to BioBioChile. Emol said it would be the second note to the ambassador in 11 months. It had not been sent.

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Economy · MarketsPress ✓ 3 outlets · dollar per Emol and DF; IPSA per The Rio Times

The dollar came within a whisker of CLP 990 and ended almost flat; the IPSA rose 0.22% to 11,024 points

The dollar opened on Thursday, October 8 up CLP 8.1, at CLP 986.5 (selling), according to Emol, and came close to CLP 990, but erased the gain and closed almost flat, according to DF, on a day of fears that the United States will escalate the war against Iran.

DailyDrop could not confirm the exact closing figure. The IPSA rose 0.22% to 11,024.22 points, according to The Rio Times; it is the only source for the figure.

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Politics · SecurityPress ✓ 2 outlets · agreement per BioBioChile and La Tercera

Government agrees with lawmakers to prioritize 24 security bills and 6 new laws

The government agreed with lawmakers to prioritize 24 security bills and introduce six more, according to BioBioChile and La Tercera. Among them are privileged self-defense for off-duty police officers and identity checks by the Armed Forces during states of exception.

The agreement, with Segpres, reserves at least half of the Senate Constitution Committee’s sessions for these matters. BioBioChile warns that the 2027 Budget may compete for legislative time.

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In brief
  • IPSA +0.22% to 11,024.22 pointsThe Rio Times
  • Dollar nears CLP 990 and closes flat; exact close unconfirmedEmol, DF
  • Wall Street: S&P 500 7,765.36 (−0.47%); WTI US$91.50 (+3.60%); gold US$4,157.0 (+0.20%)market data
  • Diesel +10.2% and gasoline +2.7% in September CPICNN Chile, BioBioChile
  • Debris flow in Las Condes: six injured, Red bus overturnedCooperativa, T13
  • Minister Marín calls on Deputy Olivares to apologize for remarks about Bachelet and MattheiEmol
  • National Tournament returns this weekend with one matchday and a new pauseEmol
  • Calisto to appeal to the Supreme Court after losing his immunityBioBioChile
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Unverified — what circulated and does not hold up

“The United States makes Chile’s sovereignty conditional.” This is how Judd’s critics read it. The ambassador says his remarks were taken out of context and that “at no point” did he make Chilean sovereignty conditional (BioBioChile); the Foreign Ministry is weighing a protest note and had not sent it (Emol, CNN Chile).
“September CPI exceeded expectations.” No: it rose 0.4%, below the 0.5% the market expected; what surprised was the 10.2% rise in diesel (CNN Chile, La Tercera).
“The Las Condes debris flow was caused by extraordinary rainfall.” Authorities speak of about 15 millimeters in a very short time, and Delegate Codina linked the effect to an earlier fire that weakened the ravine (Emol, BioBioChile). The exact cause is under investigation.
Glossary · dotted words — economics, politics, security and sports terms explained in the context of the story. The list grows every day.
INSIDEA debris flow hit San Carlos de Apoquindo in Las Condes: six injured, and Kast decrees a disaster zoneSociety · EmergencyCPI rose 0.4% in September, somewhat below expectations, but diesel jumped 10.2% and Quiroz asks the Central Bank for measuresEconomy · InflationForeign Ministry weighs a protest note to the U.S. ambassador over his remarks on the Strait of MagellanPolitics · Foreign affairsThe dollar came within a whisker of CLP 990 and ended almost flat; the IPSA rose 0.22% to 11,024 pointsEconomy · MarketsGovernment agrees with lawmakers to prioritize 24 security bills and 6 new lawsPolitics · Security