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• APA Looks to Sell Oil, Gas Producing Land in Southeast Texas:
  APA Corp (Apache). is looking to sell around 212,000 net acres of oil and gas-producing land in southeast...
  APA Corp (Apache). is looking to sell around 212,000 net acres of oil and gas-producing land in southeast Texas' Eagle Ford and Austin Chalk shale basins, according to a document seen by Reuters.
  
  The sale could fetch APA between $450 million and $500 million, two sources close to the bidding process estimated. However, they cautioned the valuation was susceptible to commodity price volatility and that APA could ultimately retain the asset if it did not receive a suitable offer.
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• ☕️What Else is Brewing This Friday Morning
  A federal judge in Texas blocked President Biden’s student loan cancellation program, adding to the...
  A federal judge in Texas blocked President Biden’s student loan cancellation program, adding to the legal troubles of Biden’s executive action to wipe out $430 billion in student debt.
  
  Alex Jones and his company were ordered to pay an extra $473 million in damages for promoting conspiracy theories about the Sandy Hook school shooting. Jones’s total judgment now stands at $1.44 billion.
  
  Hurricane Nicole became the first hurricane to make landfall in the US during November in 37 years, coming ashore near Vero Beach, FL, as a Category 1 storm.
  
  KFC apologized after it sent out a Kristallnacht promotion to customers in Germany, blaming it on an “error in our system.”
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• Inflation Drops
  Yesterday’s ...
  Yesterday’s inflation report showed that US consumer price growth came in lower than expected in October and dropped from the month before. It’s a hopeful sign that Fed Chair Jerome Powell’s rate hikes, paired with easing supply chain snags, are starting to cool off inflation.
  
  The deets:
  

  
  
  • The consumer price index increased 7.7% annually and 0.4% monthly. That yearly figure is the slowest rate since January.
  
  
  • But more important is the slowdown in core CPI, which is a better gauge of inflation because it strips out volatile food and gas prices. Core CPI rose 0.3% monthly in October, a big drop from 0.6% in September and August.
  
  
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• Thank you to our Veterans 🫡
  Good morning. On Veterans Day, we want to express our deep gratitude to all those who...
  Good morning. On Veterans Day, we want to express our deep gratitude to all those who have served in the US military.
  
  Here’s one factoid: Gulf War-era veterans now make up the largest share of US veterans, having surpassed Vietnam-era veterans in 2016.
  
  And another: The share of veterans who are women is projected to increase significantly, from 11% currently to 18% in 2046.
  
  On a logistical note, most banks are closed today, but the stock market is open.
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• 🇺🇸 How the Veterans Day holiday affects the stock and bond markets
  The stock market remains open Friday, Nov. 11, the Veterans Day holiday in the U.S.,...
  The stock market remains open Friday, Nov. 11, the Veterans Day holiday in the U.S., even though it counts as a holiday for the $53 trillion American bond market.
  
  That means a full day of trading for stocks, which appear poised to book a robust week of gains, despite continued fears of a potential U.S. economic recession as the Federal Reserve works to tame stubbornly high costs of living.
  
  Signs of a potential cooling off on the inflation front led the Dow Jones Industrial Average DJIA, +3.70% to advance 1,200 points on Thursday, with it, the S&P 500 index SPX, +5.54% and Nasdaq Composite Index COMP, +31.35% all booking their best daily gains since 2020.
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