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Domestic politics · Saxony-AnhaltPress ✓ 5 outlets · outcome of the top-level meeting not confirmed

After the AfD vote in Magdeburg, the crisis reaches the chancellor: crisis meeting of the Union, Lower Saxony’s CDU chief demands a “convincing plan”

Two days after AfD politician Tobias Rausch was elected state parliament speaker, Der Spiegel speaks of a government crisis. The Bundestag takes up the consequences today; in Berlin, the Left Party, SPD and Greens begin their exploratory talks.

The election of AfD politician Tobias Rausch as state parliament speaker in Saxony-Anhalt reached national politics on Thursday. On Thursday evening Der Spiegel reported on a top-level meeting on the consequences for the chancellor and the Union and spoke of a government crisis. Who took part and what was agreed had not been confirmed by early Friday morning. The reports reviewed contained no public termination of the coalition of the Union and the SPD.

According to reports, Rausch received 48 votes on Tuesday. Minister-President Sven Schulze had called on his caucus to abstain, but only a few of the now 15 CDU lawmakers followed; before the vote the caucus had 40. Der Spiegel asks whether the chancellor’s fate hangs on Schulze. According to Die Zeit and Handelsblatt, Lower Saxony’s CDU chief Lechner demanded a “convincing plan” from Friedrich Merz. According to these reports, he left open what that plan should look like. The question of how far the CDU’s separation from the right extends, the so-called firewall (Brandmauer), thus remains open and is now being asked at the federal level too.

The background explains the nervousness. On Wednesday the coalition committee met for more than four hours and set itself against every form of political extremism, but presented no timetable for the reforms. Merz considers full implementation of the July package by Christmas unfeasible; the SPD rejects, among other things, the abolition of pensions without deductions after 45 years of contributions. In Saxony-Anhalt, CDU lawmakers are internally demanding Schulze’s resignation, according to reports by Süddeutsche Zeitung and MDR, and CDA chairman Dennis Radtke calls for party expulsion proceedings if it turns out that CDU lawmakers voted for Rausch. A secret ballot makes that hard to prove. In the ZDF Politbarometer, a good two thirds of respondents see the AfD as a danger to democracy. A CDU state party conference is planned for early December.

On Friday the Bundestag’s agenda includes an item “Consequences of the state election in Saxony-Anhalt”; the parliament is also debating a migration turnaround and motions on pensions. The SPD, too, is in motion. In Lower Saxony, caucus leader Stefan Politze resigned because prosecutors are investigating; state party chief Lies paid “respect” to the decision, according to Die Zeit. Der Spiegel also analyzes new demands from Boris Pistorius, whose content we have not checked.

In Berlin, the Left Party, SPD and Greens are beginning exploratory talks on a possible government. The Tagesschau calls them a practical test for the red-green-red theory. The Central Council of Jews criticizes the three parties’ agreement on dealing with antisemitism; Die Zeit reports that SPD politician Karl Lauterbach rejects such an alliance. The still-serving governing mayor Kai Wegner (CDU) had criticized that the parties were arguing over how to deal with antisemitism instead of protecting Jewish life. Nothing has been decided. The situation is also being watched beyond the parties: the Bundestag debate on the 2027 economic forecasts on Thursday and the motions on pension policy on Friday show how many projects depend on a coalition able to work.

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By the numbers
48votes for Rausch in Tuesday’s election (according to reports)
15 of 40CDU lawmakers who have remained in the caucus in Magdeburg
Fri 10/9Bundestag debates the consequences of the election in Saxony-Anhalt (agenda)
Markets · Interest ratesSource ✓ market close · Press ✓ 6 outlets

Wall Street closes lower, AI stocks fall after OpenAI figures, the yield on ten-year US bonds drops to 5.23 percent

The S&P 500 closed 0.47 percent lower on Thursday at 7,765.36 points, the Nasdaq lost 1.25 percent to 27,193.34, and the Dow Jones gained 0.10 percent to 51,231.64. Handelsblatt attributes the losses in AI stocks to OpenAI’s revenue, which is said to be $20 billion below previous expectations; Bloomberg wrote that OpenAI is weighing on US chip stocks. OpenAI has not confirmed the figure in the reports available. The yield on the ten-year US government bond fell by 4.6 basis points to 5.231 percent after Reuters reported solid demand at an auction of 30-year bonds.

In the oil market, WTI rose 3.64 percent at settlement to $91.49, Brent 4.07 percent to $104.28. Gold gained about 0.2 percent to roughly $4,157. The central bank sent further signals of higher rates: according to Bloomberg, Fed member Musalem considers rate hikes necessary over the next six to nine months; Waller said, according to Reuters, that further increases are needed and there is room on the pace. Reuters also reported that the rate on 30-year mortgages in the US has risen to 7.40 percent, which is likely to dampen demand in the property market further; a Reuters commentary lists five charts warning of overstretched US markets. Ryanair chief O’Leary said, according to Reuters, that the “absurdly high” jet fuel costs could last until 2028. In Europe, the DAX had closed 1.18 percent lower at 24,806.97 points on Thursday; Handelsblatt speaks of a France shock, and the euro-area finance ministers want to press Paris to pass the 2027 budget, according to Reuters.

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Word of the day
Basis pointMarkets

One hundredth of a percentage point. When a yield falls by 4.6 basis points, it drops by 0.046 percentage points, here from around 5.28 to 5.231 percent.


Panorama · BavariaPress ✓ 4 outlets · course of events and perpetrator not yet confirmed

Berngau in the Upper Palatinate: Two officials die during a firearms check, police surround a house

Two people were shot dead on Thursday during a firearms check in Berngau in the Upper Palatinate. In the evening, Tagesschau and Der Spiegel at first reported one dead. Later, Die Zeit and FAZ reported a second fatality. Der Spiegel wrote overnight that the victims are two officials; police have surrounded a house.

Berngau lies in the district of Neumarkt in the Upper Palatinate, a rural area east of Nuremberg. Under the usual division of responsibilities, the Upper Palatinate police headquarters and the public prosecutor’s office are in charge of the investigation; we had no official information on this. Further details, such as on the perpetrator, the motive and whether anyone was arrested, were not available in the reports reviewed by early morning. The Firearms Act allows the firearms authority to check the safe storage of weapons and ammunition; owners must tolerate such checks. They are usually routine and pass without incident. According to the reports available, the police have not yet commented on the course of events. We therefore give neither names nor ages and will update the story as soon as police or prosecutors provide information.

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Foreign policy · Middle EastPress ✓ 6 outlets · US plans unconfirmed

Trump rules out an attack on Iran before the elections, but the danger grows in the Gulf: Houthi attacks on Riyadh, Lufthansa suspends flights

President Trump said on Thursday, according to reports by Der Spiegel, FAZ, Reuters and Bloomberg, that the US would not attack Iran before the November elections. At the same time, the New York Times reported that the Pentagon has drawn up plans for three days of strikes and that three aircraft carriers are soon to be in the Middle East. A decision is not documented. Iran’s President Pezeshkian said, according to reports, that Tehran is not leaving the negotiating table and that proposals exchanged through mediators would be completed.

The Houthis reported a new attack on the airport of the Saudi capital Riyadh; AP quotes a witness who reports an evacuation, and Reuters saw smoke over an aircraft. Lufthansa and Indian airlines suspended their flights to Riyadh. Der Spiegel reports Houthi threats against oil facilities in Saudi Arabia. According to Reuters, Turkey is considering defensive aid for Riyadh but rules out an offensive role. According to FAZ, oil is flowing again in the Strait of Hormuz, but the crisis remains; Reuters warns of a higher risk of attack for tankers. Brent closed at $104.28. According to FinancialJuice, France’s chief of the defense staff said some 2,000 French soldiers are protecting allies in the Gulf and that several options for Saudi Arabia are being examined; according to Reuters, Syria is considering help in the Yemen war, and Shell has partly restarted the Pearl gas liquefaction plant in Qatar.

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Politics · RussiaPress ✓ 4 outlets · supervisory board seat from only one source

Former Chancellor Schröder visits Putin for his birthday in Moscow, Die Zeit calls it a “controversial friendship”

The former chancellor Gerhard Schröder was with Vladimir Putin for his birthday on October 7, according to the Kremlin; the report came on Thursday. Der Spiegel, Die Zeit and FAZ reported consistently; FAZ calls Schröder an “old friend” of the president, and Die Zeit speaks of a controversial friendship. Where and for how long the two met and what they discussed is not documented in the reports available.

Schröder has been controversial for years because of his closeness to Putin and his earlier posts at Russian energy companies. Der Spiegel also reports that the former chancellor is taking a supervisory board seat at a Russian subsidiary of the retail group Globus; so far that is confirmed only by this one source. The meeting falls in a week in which the Kremlin agreed with US Secretary of State Rubio that the war in Ukraine is in a stalemate, while President Zelensky speaks of “unwillingness.” Ukrainian negotiators travel to the US on Friday; according to FinancialJuice, Witkoff and Kushner will talk with them in Miami about new ideas and proposals. Reuters reports that Rubio calls the war “dangerously stuck.” A connection to Schröder’s trip is not confirmed.

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In brief
  • Lower Saxony SPD caucus leader Politze resigns, prosecutors are investigatingZeit · Spiegel · Handelsblatt
  • Bundestag decides to monitor prenatal testing for Down syndrome as an insured benefitSpiegel · Tagesschau · Bundestag
  • SpaceX buys US radio spectrum and challenges the mobile carriers; their shares give wayZeit · Handelsblatt · Reuters
  • After the death of an elderly woman, thousands protest again in Spain against the housing crisisZeit · Handelsblatt · Reuters · BBC
  • American Express pays a $350 million fine for inadequate money laundering preventionReuters · FT
  • Troops from Eritrea have apparently moved into Ethiopia, drones hit them thereSpiegel · Reuters
  • Starbucks reportedly examined a takeover of Chipotle, according to an FT report; the shares jumpedReuters · Bloomberg
  • Munich court overturns the minimum prices for Uber and othersZeit
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Unverified — what we could not confirm

“The US will attack Iran shortly.” The New York Times reports on plans for three days of strikes and three aircraft carriers; Trump ruled out attacks before November 3. A decision is not documented.
“The coalition is breaking apart over Saxony-Anhalt.” Der Spiegel speaks of a government crisis, but no termination by the Union or the SPD can be found in the reports available.
“Starbucks is taking over Chipotle.” The Financial Times reports only that Starbucks examined a takeover. An offer or a confirmation from the companies is not in the reports available.
Glossary · dotted words — politics, economics, law and security terms explained in the context of the story. The list grows every day.
INSIDEAfter the AfD vote in Magdeburg, the crisis reaches the chancellor: crisis meeting of the Union, Lower Saxony’s CDU chief demands a “convincing plan”Domestic politics · Saxony-AnhaltWall Street closes lower, AI stocks fall after OpenAI figures, the yield on ten-year US bonds drops to 5.23 percentMarkets · Interest ratesBerngau in the Upper Palatinate: Two officials die during a firearms check, police surround a housePanorama · BavariaTrump rules out an attack on Iran before the elections, but the danger grows in the Gulf: Houthi attacks on Riyadh, Lufthansa suspends flightsForeign policy · Middle EastFormer Chancellor Schröder visits Putin for his birthday in Moscow, Die Zeit calls it a “controversial friendship”Politics · Russia