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• Stock Market Outlook
  🔔 Before the opening bell: US stock futures...
  🔔 Before the opening bell: US stock futures fell early Friday, after Apple's sales forecast fell short of expectations in the latest quarter.
  
  Jamie Dimon says the Fed isn’t done hiking rates. The JPMorgan boss suspects another rate hike — by 0.25 percentage point to 0.75 percentage point — could still be in the cards. He also said the markets could see more turmoil amid the Fed’s fight against inflation.
  
  The Bond King’s bummer of an economic outlook. Veteran bond investor Jeff Gundlach is adamant the US economy is headed toward a recession. The yield curve is “extremely unstable,” and Gundlach believes “layoffs are coming” next.
  
  Average US 30-year fixed mortgage rate falls to 7.76%, the first drop in seven weeks (More) | Starbucks tops Q3 expectations, with sales growth driven by US consumers (More)
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• ☕️What Else is Brewing Friday Morning
  A bittersweet goodbye: “If I make it through, it’s all because of you,” John Lennon sings on “Now...
  A bittersweet goodbye: “If I make it through, it’s all because of you,” John Lennon sings on “Now and Then,” a new Beatles song released yesterday. The voice is authentically Lennon’s — he recorded it on a cassette tape not long before his death. George Harrison recorded a guitar part in the 1990s, and Ringo Starr and Paul McCartney recently completed the song, using technology from the filmmaker Peter Jackson to extract Lennon’s voice from the tape. You can hear it here.
  
  Secretary of State Antony Blinken is headed to Israel for a visit that will focus on “concrete steps” the Israeli military should take to better protect Palestinian civilians, who face a growing humanitarian crisis in Gaza.
  
  CBS said it’s “virtually sold out” of 2024 Super Bowl ad inventory much earlier than usual.
  
  Bob Goldberg, the CEO of the National Association of Realtors, announced his resignation a day after a federal jury found the group liable for conspiring to artificially inflate commissions from home sales.
  
  Uber and Lyft will pay New York drivers a combined $328 million and give them a minimum wage in order to settle claims of wage theft.
  
  The NBA’s inaugural in-season tournament starts today and runs through Dec. 9.
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• Weekly Gas Storage: Inventories increase by 79 Bcf
  The EIA has released its natural gas inventory report,...
  The EIA has released its natural gas inventory report, showing a net increase of 79 Bcf as of October 27, 2023.
  
  Working gas in storage was 3,779 Bcf as of Friday, October 27, 2023, according to EIA estimates. This represents a net increase of 79Bcf from the previous week. Stocks were 293 Bcf higher than last year at this time and 205 Bcf above the five-year average of 3,574 Bcf.
  
  At 3,779 Bcf, the total working gas is within the five-year historical range.
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• Closing Oil & Gas Prices for Thursday
  Benchmark U.S. crude oil for December delivery...
  Benchmark U.S. crude oil for December delivery rose $2.02 to $82.46 per barrel Thursday. Brent crude for January delivery rose $2.22 to $86.85 per barrel.
  
  Wholesale gasoline for December delivery rose 6 cents to $2.25 a gallon. December heating oil rose 7 cents to $3.03 a gallon. December natural gas fell 2 cents to $3.47 per 1,000 cubic feet.
  
  
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• Dow surges over 560 points as S&P 500 scores biggest gain since April
  Stocks soared Thursday as Treasury yields retreated after the Federal Reserve a day earlier signaled...
  Stocks soared Thursday as Treasury yields retreated after the Federal Reserve a day earlier signaled a wait-and-see approach to further rate hikes. The Dow Jones Industrial Average DJIA surged 565 points, or 1.7%, to close near 33,839. The S&P 500 SPX advanced 1.9%, for its biggest one-day gains since April 27, while the Nasdaq Composite COMP jumped 1.8%.
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