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• ☕️What Else is Brewing This Friday Morning
  President Biden, in a rare prime-time address to the nation, accused former President Trump and the MAGA movement of extremism that “threatens the very foundations of our republic.”
  
  Chengdu, a Chinese city of 21 million people, has been locked down for four days of mass Covid testing.
  
  UN inspectors visited a Ukrainian nuclear plant controlled by Russian troops that some fear may be on the verge of catastrophe.
  
  California passed major climate change legislation Wednesday night that features $54 billion in clean energy and anti-drought spending, as well as plans to keep its last nuclear plant open.
  
  
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• Colo. operators use excess gas to mine cryptocurrencies
  Partnerships with cryptocurrency miners are helping oil and natural gas producers in Colorado to comply...
  Partnerships with cryptocurrency miners are helping oil and natural gas producers in Colorado to comply with the state's flaring ban, but such operations face opposition from some local governments. Lacking access to infrastructure to pipe its excess gas, D90 Energy has joined forces with Crusoe Energy to establish the largest oil- and gas-powered crypto mining operation in Colorado while it awaits regulatory approval for other solutions to its stranded gas problem.
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• Tropical Storm Danielle hours away from becoming season's first hurricane, winds now at 70 mph
  Tropical Storm Danielle is forecast to become the first hurricane of the Atlantic season this morning,...
  Tropical Storm Danielle is forecast to become the first hurricane of the Atlantic season this morning, according to the latest advisory from the National Hurricane Center.
  
  The storm had maximum sustained winds of 70 mph as of 5 a.m., just short of the 74 mph winds required to become a Category 1 hurricane.
  
  The storm poses no threat to the U.S.  Danielle's path will be an untraditional one, with the tropical storm forecast to trace a small loop over the waters of the North Atlantic through the weekend, according to AccuWeather.
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• Oil prices bounce off 2-week lows ahead of OPEC+ meeting
  Oil futures bounced higher early Friday morning, but remained on track for hefty weekly losses, as investors...
  Oil futures bounced higher early Friday morning, but remained on track for hefty weekly losses, as investors awaited a meeting of the Organization of the Petroleum Exporting Countries and its allies early next week.
  

  Price action

  
  

  
  
  • West Texas Intermediate crude for October delivery CL.1, 1.59% CL00,  rose $1.70, or 2%, to $88.31 a barrel on the New York Mercantile Exchange, leaving the U.S. benchmark on track for a 5.1% weekly loss.
  
  
  • November Brent crude BRN00, 1.46% BRNX22, 1.46%, the global benchmark, was up $1.71, or 1.9%, to $94.07 a barrel, headed for a 5% weekly decline. WTI and Brent ended at roughly two-week lows on Thursday.
  
  
  • Back on Nymex, October gasoline RBV22, 2.22% jumped 3.1% to $2.459 a gallon, but remained set for an 8.2% weekly fall. October heating oil HOV22, -0.90% edged down 0.1%, on track for a 9.6% weekly fall.
  
  
  • October natural gas NGV22, -2.97% was down 2.4% at $9.043 per million British thermal units, leaving it on track for a 2.8% weekly fall based on most actively traded contracts.
  
  
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• Dow, S&P 500 snap 4-day losing streak as investors await Friday jobs report
  U.S. stocks finished mostly higher on Thursday as bond yields rose and another pandemic lockdown in the...
  U.S. stocks finished mostly higher on Thursday as bond yields rose and another pandemic lockdown in the southwestern Chinese metropolis of Chengdu added to concerns about economic growth. The Dow Jones Industrial Average and the S&P 500 index snapped a four-day losing streak, while the Nasdaq Composite recorded its longest losing streak since February.
  

  How stocks are trading

  
  

  
  
  • S&P 500 SPX, +0.30% gained 11.85 points, or 0.3%, to finish at 3,966.85.
  
  
  • Dow Jones Industrial Average DJIA, +0.46% was 145.99 points higher, or 0.5%, to settle at 31,656.42.
  
  
  • Nasdaq Composite COMP, -0.26% fell 31.08 points, or 0.3%, ending at 11,785.13.
  
  

  
  On Wednesday, the Dow Jones Industrial Average fell 308 points, or 0.96%, to 31791, the S&P 500 declined 44 points, or 1.1%, to 3986, and the Nasdaq Composite dropped 135 points, or 1.12%, to 11883. The S&P 500 has fallen for seven of the past nine trading days.
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