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• ☕️What Else is Brewing Friday Morning
  Historybook: Baseball great Mickey Mantle born (1931); ...
  Historybook: Baseball great Mickey Mantle born (1931); Congress investigates "Reds" in Hollywood (1947); Tom Petty born (1950); Vice President Kamala Harris born (1964); President Herbert Hoover dies (1964); Libyan dictator Muammar Gaddafi killed (2011).
  
  Peter Thiel, the billionaire Silicon Valley entrepreneur and Trump donor, is an FBI informant, Insider reported.
  
  Taylor Swift’s bodyguard is one of thousands of IDF reservists flying to Israel to join the conflict against Hamas.
  
  Nokia is cutting up to 14,000 jobs as part of a plan to lower costs after profits sank 69% year over year in the third quarter.
  
  Super Mario Bros. Wonder hits the Nintendo Switch today in what could be one of the last hurrahs for the hand-held console before Nintendo releases the Switch 2.
  
  Starbucks and the union representing its workers are suing each other over a pro-Palestine message the union posted on X two days after the Hamas terrorist attacks on Israel.
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• Market News Friday Morning
  🔔 Before the opening bell: US stock futures fall early...
  🔔 Before the opening bell: US stock futures fall early Friday, after Fed chair Jerome Powell said inflation remains too high.
  
  Blackstone’s president warns soaring bond yields will be felt by all of us. Jonathan Gray said in an interview that high-interest rates on 30-year mortgages and car loans will start impacting consumer behavior. Meanwhile, Fed Chair Jerome Powell said the Fed will let bond market volatility “play out.”
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• U.S. oil tops $90 as U.S. Navy warship intercepts missiles near Yemen, Energy Dept. plans to buy oil for SPR
  Oil prices moved sharply higher Thursday afternoon in electronic...
  Oil prices moved sharply higher Thursday afternoon in electronic trading, with U.S. benchmark prices topping $90 a barrel. A rise in tensions in the Middle East led to the price climb, with reports that a U.S. Navy warship has intercepted multiple missiles near Yemen. A Pentagon press secretary told reporters that a Navy destroyer intercepted three missiles and several drones that were launched by Houthi forces in Yemen, but their target was unknown. Separately, the U.S. Energy Department said it will post monthly solicitations to buy oil for its Strategic Petroleum Reserve through at least May 2024, with the first request for up to 6 million barrels of oil for delivery in December and January.
  
  The government agency said it plans to buy oil at a price of $79 a barrel or below, which is less than the average $95 it received for 2022 emergency SPR sales. In electronic trading, the November West Texas Intermediate crude contract CLX23 was at $90.68, up from the $89.37 Nymex settlement. December Brent crude BRNZ23 was at $93.25, up from $92.38 at Thursday’s settlement.
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• Closing Oil and Gas Prices for Thursday
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery rose $1.05 to $89.37 a barrel Thursday. Brent crude for December delivery rose 88 cents to $92.38 a barrel.
  
  Wholesale gasoline for November delivery rose 1 cent to $2.36 a gallon. November heating oil rose 3 cents to $3.17 a gallon. November natural gas fell 10 cents to $2.96 per 1,000 cubic feet.
  
   
  
   
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• U.S. stocks end lower, S&P 500 logs third straight day of losses
  U.S. stocks closed lower on Thursday as Treasury yields climbed,...
  U.S. stocks closed lower on Thursday as Treasury yields climbed, as investors digested remarks from Federal Reserve Chair Jerome Powell that more interest-rate hikes may be needed. The Dow Jones Industrial Average DJIA finished down around 0.8%, while the S&P 500 SPX, fell 0.9% and the Nasdaq Composite COMP dropped 1%, according to preliminary data from FactSet. Powell said Thursday that the Fed is “attentive” to recent economic data showing resilient U.S. economic growth and demand for labor, a trend that could lead to more rate hikes if it continues. The S&P 500 and Nasdaq each booked a third straight day of declines, FactSet data show. In the bond market, the yield on the 10-year Treasury note rose 8.5 basis points to 4.987%, the highest since July 20, 2007 based on 3 p.m. Eastern Time levels, according to Dow Jones Market Data.
  
  
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