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Presidio, SPAC, Merger, Panhandle

Presidio, SPAC, Merger, Panhandle

Presidio Targets Public Debut in $660M SPAC Deal

Chevron, Exxon, Europe, Oil, Production

Chevron, Exxon, Europe, Oil, Production

Exxon, Chevron Raise Production as Europe Falls Behind

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

At least four tankers discharged millions of barrels of Russian crude at Indian refineries over the weekend, even as pressure ramps up by USA

Tankers Deliver Russian Crude to India Despite USA and EU Pressure

Armstrong, Alaska, Oil, Energy, Conventional

Armstrong, Alaska, Oil, Energy, Conventional

Bill Armstrong Proves Alaska Oil Finds Aren’t Over

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Stocks end higher with Dow and S&P 500 scoring record closing highs
U.S. stocks ended higher on Monday, with the Dow Jones...
U.S. stocks ended higher on Monday, with the Dow Jones Industrial Average and the S&P 500 logging record closing highs as third-quarter earnings season moved into full swing.

The Dow Jones Industrial Average went up 201.36 points or 0.47% to end at 43,065.22, a record close. It’s the index’s 37th record close of the year.

The S&P 500 rose 44.82 points or 0.77% to finish at 5,859.85. It is the index’s 46th record close this year.

The Nasdaq Composite gained 159.75 points or 0.87% to close at 18,502.69.
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Columbus Day
Today is Columbus Day and Indigenous Peoples Day, which President Biden...
Today is Columbus Day and Indigenous Peoples Day, which President Biden commemorated as a national holiday for the first time in 2021 and has become widely adopted around the US. Depending on where you live, your state or city might honor one of the two holidays, or something else entirely (more than half of US states don’t recognize either day as an official state holiday).

Since 1937, the US has marked today as a federal holiday, Columbus Day; the day is marked in nearly 200 cities and four states as Indigenous Peoples’ Day. Learn more about the history here. See public opinion data here.

As with the other ten federal holidays on the calendar, most banks will be closed, and the USPS will not deliver mail.
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The US is sending an advanced anti-missile system to Israel
The Terminal High-Altitude Area Defense battery (THAAD) will be ...
The Terminal High-Altitude Area Defense battery (THAAD) will be deployed to Israel—along with American troops to operate it—to help repel a future ballistic missile attack from Iran, the Pentagon said on Sunday, in a significant show of support for its ally. The announcement comes as President Biden rebuked Israel for its recent attacks on the United Nations peacekeeping mission in Lebanon, which also drew widespread condemnation from the 40 countries contributing to that mission.
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First-half 2024's US LNG Exports Rise 3%, DOE Says
According to the most recent data published...

According to the most recent data published by the U.S. Department of Energy (DOE), the U.S. reported a 3% rise in LNG exports in the first half of 2024 compared to the first half of 2023. The top ten destinations are countries in Europe (six, including the U.K.) and Asia (four).

U.S. LNG exports averaged 11.8 Bcf/d in the first half of 2024, rising 3% compared to 11.5 Bcf/d in the first half of 2023, the DOE reported in its monthly report.

DOE said total U.S. natural gas exports averaged 21 Bcf/d in the first half of 2024, which likewise represented a 3% rise compared to 20.3 Bcf/d in the first half of 2023.

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☕️What Else is Brewing Monday Morning
Earnings season enters Week 1. And tomorrow will feel...
Earnings season enters Week 1. And tomorrow will feel like an NFL Sunday with a full slate of reports coming from Goldman Sachs, Bank of America, and Citigroup in the financial sector, along with healthcare giants Johnson & Johnson, Walgreens, and UnitedHealth. And just like the NFL, more drops will be spread throughout the week: Morgan Stanley will report on Wednesday, Netflix reports on Thursday, and Procter & Gamble and American Express drop their financials on Friday. It’ll pose a big test for the stock market’s $8 trillion rally this year.

How the election results could raise or lower your taxes.

China’s finance minister gave a much-hyped briefing on Saturday, promising more government support for the country’s stalled economy. But a lack of detail left investors disappointed.

“Mystery drones swarmed a US military base for 17 days. The Pentagon is stumped.”

Army and Navy football teams are 5-0 for the first time since 1945 and could meet multiple times this season—once in their conference championship game and again eight days later in their annual matchup.

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