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• The U.S. Rig Count Comes Early for Christmas
  U.S. energy firms this week added oil and natural gas rigs for...
  U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes Co. said in its closely-followed report on Dec. 22, reported a day early due to the upcoming Christmas holiday weekend.
  
  The total oil and gas rig count, an early indicator of future output, rose by three to 779 in the week of Dec. 22, putting the total rig count up 193 rigs, or 33%, over this time last year.
  
  U.S. oil rigs rose by two to 622 this week, while gas rigs rose one to 155.
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• ☕️What Else is Brewing Friday Morning
  Tesla doubled its discounts on Model 3s and Model Ys in the US, which caused its stock to ...
  Tesla doubled its discounts on Model 3s and Model Ys in the US, which caused its stock to drop another 9%.
  
  The Taliban tried to defend its ban on Afghan women attending universities in response to growing criticism of the policy at home and abroad.
  
  Florida is the fastest-growing US state for the first time since 1957, per a new Census report.
  
  Also in that Census report: US life expectancy fell for the second straight year, to its lowest level in 25 years.
  
  US home sales plummeted a record 35% in November, per Redfin. Fed Chair Jerome Powell has been nuking the housing industry with rate hikes.
  
  
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• ❄️Winter Storms Wreak Havoc on Travel
  Not even a Hallmark movie could get you home now. Airlines canceled more than ...
  Not even a Hallmark movie could get you home now. Airlines canceled more than 5,000 flights Wednesday–Friday due to the massive winter storm barreling through the US during what’s (normally) the busiest travel time of the year, according to FlightAware. The storm, which has already sent temps below 0 degrees Fahrenheit in 18 states, is causing dramatic drops in temperature across the country: Montana hit –50 degrees yesterday and New York City is expected to go from 53 degrees to just 14 in a few hours this afternoon.
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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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