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• ☕️What Else is Brewing Friday Morning
  U.S. employers added 336,000 jobs in September, an upswing in hiring that shows the labor market...
  U.S. employers added 336,000 jobs in September, an upswing in hiring that shows the labor market remains strong.
  
  Norwegian playwright Jon Fosse won the Nobel Prize in Literature. Congrats to Jon—and to whoever bet on him to win at 5/1 odds.
  
  Elon Musk demanded that X remove story headlines from posts in another blow to the platform’s usability.
  
  Ozempic could be linked to three severe stomach conditions, including bowel obstruction, according to a new study.
  
  Constellation Brands beat revenue estimates thanks to the growth of its Modelo brand, which has overtaken Bud Light as the top-selling beer in the US.
  
  Pat Fitzgerald, the Northwestern football coach who was fired following a hazing investigation into the program, is suing the school for $130 million for wrongful termination.
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• Biden’s building (some of) the wall
  His administration is ...
  His administration is waiving 26 federal laws to allow for the construction of a border wall in South Texas. Homeland Security Secretary Alejandro Mayorkas said there is “an acute and immediate need” to build physical barriers in Starr County, where 245,000 illegal entries have been recorded so far this year, according to government data. President Biden maintained his position that a wall is ineffective but said he was left with no choice but to allow up to 20 miles to be built because Congress allocated funding specifically for it in 2019. “They have to use the money for what it was appropriated,” Biden told reporters. “I can’t stop that.”
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery fell $1.91 to $82.31 a barrel Thursday. Brent crude for December delivery fell $1.74 to $84.07 a barrel.
  
  Wholesale gasoline for November delivery fell 1 cent to $2.19 a gallon. November heating oil fell 15 cents to $2.87 a gallon. November natural gas rose 21 cents to $3.17 per 1,000 cubic feet.
  
  
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• Gas prices to drop like 'wet feathers,' analyst says
  Gasoline prices are slowly pulling back from ...
  Gasoline prices are slowly pulling back from 2023 highs last month. But as crude continues to pull back, drivers can expect fuel costs to drop like "wet feathers," says one oil analyst.
  
  Gasoline futures (RB=F) are forecasting the drop, down about $0.43 in the last week. The current national average for retail gasoline is $3.77 versus $3.84 a week ago, according to AAA.
  
  Many areas will see falling prices as winter-grade fuel, which is less expensive to produce, makes its way into the market.
  
  A bulk of the downward pricing pressure is also due to demand, which is at the lowest seasonal levels in 25 years, according to the latest Energy Information Administration data.
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• September jobs data is due Friday. Economists forecast lower unemployment rate
  The United States is expected to add 170,000 jobs in September, keeping the increase below 200,000 for...
  The United States is expected to add 170,000 jobs in September, keeping the increase below 200,000 for the fourth month in a row. The last time that happened was in 2018.
  

  
  
  Even those small increases, however, have been enough to soak up all the new people entering the labor market each month. Federal Reserve officials believe the economy needs no more than 75,000 to 100,000 jobs a month.
  
  Anything more than that could exacerbate the worst labor shortage since World War II, drive wages up, and make it harder for the Fed to get inflation under control.
  
  
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