{"id":73532,"date":"2026-10-24T01:08:17","date_gmt":"2026-10-24T05:08:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-disruption-and-global-unrest-exchanges-ai-sovereignty-and-the-french-crisis\/73532\/"},"modified":"2026-10-24T01:08:17","modified_gmt":"2026-10-24T05:08:17","slug":"market-disruption-and-global-unrest-exchanges-ai-sovereignty-and-the-french-crisis","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-disruption-and-global-unrest-exchanges-ai-sovereignty-and-the-french-crisis\/73532\/","title":{"rendered":"Market Disruption and Global Unrest: Exchanges, AI Sovereignty, and the French Crisis"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Cboe Global Markets (<a href=\"\/stock\/CBOE\">CBOE<\/a>)<\/strong> has captured nearly <strong>50% of all U.S. ETF launches<\/strong> so far in 2026, securing 561 new listings and directly challenging the long-standing duopoly of the <strong><a href=\"https:\/\/stockmarketwatch.com\/exchanges\/nyse\/today\" data-internallinksmanager029f6b8e52c=\"2\" title=\"NYSE Today\">NYSE<\/a><\/strong> and <strong>Nasdaq (<a href=\"\/stock\/NDAQ\">NDAQ<\/a>)<\/strong>.<\/li>\n<li><strong>Shalev Hulio<\/strong>, the founder of NSO Group, is urging world governments to develop <strong>sovereign AI models<\/strong> through his new venture, <strong>Dream<\/strong>, arguing that reliance on U.S. technology poses a critical infrastructure risk.<\/li>\n<li><strong>France<\/strong> is facing its most significant civil unrest since 2023, with over <strong>550,000 protesters<\/strong> taking to the streets on October 17, driven by a 44.1% surge in diesel prices and deteriorating public services.<\/li>\n<li>The <strong>Texas Stock Exchange (TXSE)<\/strong> has begun operations, successfully poaching primary ETF listings from <strong>NYSE Arca<\/strong> as the $16 trillion U.S. ETF sector becomes a primary battlefield for exchange revenue.<\/li>\n<li>Geopolitical tensions are escalating as <strong>Brent crude<\/strong> hit <strong>$117 a barrel<\/strong> in late October 2026, further fueling the inflationary pressures that are driving social &quot;revolt&quot; across Europe.<\/li>\n<\/ul>\n<h2>New Exchanges Challenge Wall Street\u2019s ETF Dominance<\/h2>\n<p>A significant shift is underway in the <strong>$16 trillion U.S. ETF sector<\/strong> as newer exchanges aggressively court fund issuers. <strong>Cboe Global Markets (<a href=\"\/stock\/CBOE\">CBOE<\/a>)<\/strong> has emerged as a major disruptor, hosting 561 exchange-traded product launches this year, up from 340 in 2025. This growth is largely driven by the rise of <strong>derivatives-based ETFs<\/strong>, such as &quot;buffer&quot; and &quot;covered call&quot; funds, which have ballooned to <strong>$337 billion in assets<\/strong>.<\/p>\n<p>The competitive landscape is further tightening with the entry of the <strong>Texas Stock Exchange (TXSE)<\/strong>. The fledgling exchange, which began operations in July 2026, has already started &quot;poaching&quot; listings from <strong>NYSE Arca<\/strong>, the electronic arm of the Intercontinental Exchange (<a href=\"\/stock\/ICE\">ICE<\/a>). Analysts at <em>Morningstar<\/em> suggest this represents a fundamental attempt to break the dominance of the <strong>New York Stock Exchange<\/strong> and <strong>Nasdaq (<a href=\"\/stock\/NDAQ\">NDAQ<\/a>)<\/strong>.<\/p>\n<h2>Pegasus Founder Rebrands as AI Sovereignty Advocate<\/h2>\n<p><strong>Shalev Hulio<\/strong>, the controversial pioneer behind the Pegasus spyware, is now pitching a new vision of &quot;AI sovereignty&quot; to global governments. Through his startup <strong>Dream<\/strong>, Hulio argues that nations must host their own AI models to avoid the risk of U.S. tech giants &quot;shutting down&quot; critical infrastructure. He contends that controlling national data is essential for security, positioning his past experience in state-level surveillance as a strategic advantage.<\/p>\n<p>This push comes amid growing international wariness of Silicon Valley&#39;s dominance in generative AI. <strong>Dream<\/strong>, co-founded with former Austrian Chancellor <strong>Sebastian Kurz<\/strong>, aims to help governments harness AI for national defense. While critics remain wary of Hulio\u2019s history with the <strong>NSO Group<\/strong>, his message resonates with nations seeking to insulate their digital economies from foreign corporate influence.<\/p>\n<h2>France Braces for &quot;The Real Storm&quot; Amid Rising Revolt<\/h2>\n<p>France is currently gripped by a wave of &quot;revolt&quot; that experts warn is merely the precursor to a larger crisis. What began as student protests over teacher shortages has transformed into a nationwide movement against the <strong>cost of living<\/strong> and <strong>declining public services<\/strong>. On October 17, turnout reached up to <strong>800,000 people<\/strong> according to organizers, leading to over <strong>2,300 arrests<\/strong> and widespread property damage in cities like Paris and Marseille.<\/p>\n<p>The economic data fueling the anger is stark: <strong>diesel prices have surged 44.1%<\/strong> over the past year, while overall inflation remains volatile. With the <strong>2027 presidential election<\/strong> approaching, the government of President <strong>Emmanuel Macron<\/strong> is under intense pressure. Analysts at <em>Chatham House<\/em> suggest the unrest reflects a deeper &quot;anxiety about the future&quot; in a society increasingly fractured by economic disparity and technological shifts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Cboe Global Markets (CBOE) has captured nearly 50% of all U.S. ETF launches so far in 2026, securing 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