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• ☕️What Else is Brewing Wednesday Morning
  Finland says damage to undersea gas pipeline and telecommunications cables appears...
  Finland says damage to undersea gas pipeline and telecommunications cables appears likely to be sabotage; line supplied a third of Finland's natural gas as of 2020 (More) |
  
  Adobe released an updated version of Firefly, its AI image generator, which it says can create images of humans that look, well, more human.
  
  GM reached a tentative deal with the union representing its Canadian workers hours after more than 4,000 employees in Canada went on strike. Meanwhile, the UAW strike in the US is ongoing.
  
  Utah sued TikTok, claiming the app hurts children’s mental health. Arkansas and Indiana previously filed similar suits.
  
  The House of Representatives is expected to vote on a new speaker today, but it’s unclear whether anyone has enough votes to get the job.
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• Israeli Airstrikes Intensify
  Israel yesterday increased its mobilization of reservists to 360,000—the...
  Israel yesterday increased its mobilization of reservists to 360,000—the largest call-up since the country’s founding—as its military continued to launch airstrikes into the sealed-off Gaza Strip following Hamas' surprise attack in Israel Saturday. Israeli airstrikes destroyed Gaza's upscale Rimal neighborhood (see footage) and home to ministries of the Hamas-run government, and regained control of two dozen border towns. Hamas' rockets targeted Tel Aviv and the coastal town of Ashkelon. See the latest updates here.
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• From Twitter: Paul Tudor Jones Talks About Geopolitical Issues
  "This might be the most threatening...

  
  

  "This might be the most threatening and challenging geopolitical environment that I've ever seen," says @ptj_official. "That is also happening at the same time the United States is at its weakest fiscal position since World War 2. It's a really difficult time." pic.twitter.com/SfSwMiEfFK

  
  — Squawk Box (@SquawkCNBC) October 10, 2023

  
  
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery fell 41 cents to $85.97 a barrel Tuesday. Brent crude for December delivery fell 50 cents to $87.65 a barrel.
  
  Wholesale gasoline for November delivery rose 2 cents to $2.26 a gallon. November heating oil rose 5 cents to $3.02 a gallon. November natural gas was unchanged at $3.38 per 1,000 cubic feet.
  
  
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• U.S. stocks post 3-session climb as bond yields, oil retreat
  U.S. stocks booked a 3-session win streak Tuesday as oil prices...
  U.S. stocks booked a 3-session win streak Tuesday as oil prices and bond yields retreated. The Dow Jones Industrial Average DJIA climbed about 134 points, or 0.4%, ending near 33,739, according to preliminary FactSet data. That was the longest streak of straight wins for the blue-chip index in a month, and the best three days of gains since late August, according to Dow Jones Market Data. The S&P 500 index SPX advanced 0.5% and the Nasdaq Composite Index COMP gained 0.6%. It was the third session in a row of gains for all three indexes. The brighter backdrop for the stock market came as oil prices CL00 and bond yields TMUBMUSD10Y retreated and after Raphael Bostic, head of the Atlanta Fed, said he didn’t think additional rate hikes were needed to bring inflation down to the central bank’s 2% annual target, but also that he still sees rates staying high for a “long time.”
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