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• The Markets for Friday Morning
  Markets: Time to bring out the Mercy Rule for the stock market. Yesterday, stocks resumed...
  Markets: Time to bring out the Mercy Rule for the stock market. Yesterday, stocks resumed their sell-off and the tech sector in particular took a big blow as investors geared up for more Fed rate hikes in 2023. Tech stocks are now on pace for their worst December since the dot-com bust in 2002, in case you wanted some historical context for how poorly things are going. This Friday morning, currently stock futures are slightly positive, as of 7:40 AM ET.
  
  Earnings on deck: Nitori Holdings, Galileo Resources PLC, and more, all reporting.
  
  
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• Dow ends down roughly 350 points as stocks resume selloff
  Stocks fell sharply Thursday, but ended well off session lows,...
  Stocks fell sharply Thursday, but ended well off session lows, as resilient economic data reinforced expectations for the Federal Reserve to continue tightening monetary policy aggressively into 2023. The Dow Jones Industrial Average  DJIA finished with a loss of nearly 350 points, or 1%, after dropping more than 800 points at its session low. The S&P 500 SPX ended 1.4% lower, while the Nasdaq Composite COMP shed 2.2%.
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• Proposed amendment would declare Oklahoma as sovereign state, voters would decide
  State Senator Nathan Dahm (R-Broken Arrow) has filed an amendment...
  State Senator Nathan Dahm (R-Broken Arrow) has filed an amendment that would declare Oklahoma as a sovereign state.
  
  If the amendment is passed by the legislature, Oklahomans would vote on the measure during the next election.
  
  “For far too long, the federal government has trampled on state sovereignty,” Dahm said. “This proposal is an attempt to restore balance between the state and the feds.”
  
  In theory, a sovereign state is represented by a singular government. The amendment states that “The State of Oklahoma is an inseparable sovereign state, a part of the Federal Union known as the United States of America, and the Constitution of the United States is the supreme law of the land and any laws to the contrary are null, void, and of no effect in this state.”
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• Permian drillers make strides in cutting methane emissions
  Methane emissions intensity in the Permian Basin declined by more than 76% between 2011 and 2021 despite...
  Methane emissions intensity in the Permian Basin declined by more than 76% between 2011 and 2021 despite production more than tripling over that period, according to Texans for Natural Gas' annual analysis. Operators cut flaring intensity by more than 34% from 2020 to 2021, making the Permian the world's cleanest oil producing region and helping the US outperform other producing nations in flaring volume reductions, the report found.
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• ☕️What Else is Brewing This Thursday
  H&M pulled Justin Bieber merchandise from stores after the singer called it “trash” and said...
  H&M pulled Justin Bieber merchandise from stores after the singer called it “trash” and said he never signed off on it (a claim the retailer denies).
  
  Core Scientific, a publicly traded bitcoin mining company, has filed for bankruptcy as crypto prices have fallen and energy costs have soared.
  
  Israel’s Benjamin Netanyahu said he has put together a coalition government, minutes before his deadline to form one.
  
  These airlines are waiving change fees for travelers looking to rebook their holiday trips in light of the storm sweeping across the US.
  
  
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