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To provide audio news squawks in 1998. Entering our second decade of market moving analysis.
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Top Stories
| 11:11 | MPC 11:00 ET Q3 call: Demand remains resilient across gasoline, diesel and jet within MPC’s system. Approximately 10M bpd of global refining capacity is offline, ~3M bpd above historical norms, reflecting Persian Gulf disruptions and Ukrainian attacks on Russian infrastructure. U.S. diesel inventories are below their five-year range and gasoline is near the bottom; MPC ran at record Q3 utilization of 100% despite planned maintenance. |
| 11:37 | (DK) Lawmakers in Greenland approve security agreement with Denmark and the US |
| 08:21 | (US) Pres Trump: US will stop paying Israel after year-end; Close to fertilizer deal from Canada; We will make great deal with Canada soon - Fox interview |
| 11:11 | BCC 11:00 ET Q3 call: James Hardie supplier transition is unfolding as expected: legacy inventory was meaningfully reduced in less than a full quarter, with significant progress loading new products. However, “work remains to rebuild revenue” in general-line products; destocking and a lower general-line sales mix pressured Q3 distribution margins. |
| 11:09 | ETN 11:00 ET Q3 call: “Demand continues to run ahead of what we can convert” in Electrical Americas: backlog increased 33% to another record despite 22% organic revenue growth. Trailing-12-month orders increased 39%, with book-to-bill at 1.3; management sees demand accelerating and broadening well beyond data centers. |
| 11:34 | TM Reports Oct US new car sales 221.5K, +6.5% y/y |
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FICC
| EUR/USD | 1.12 | (0.16%) |
| USD/JPY | 158.52 | (0.15%) |
| GBP/USD | 1.34 | (1.48%) |
| Gold | 3940.2 | (-18.27%) |
Indices
| S&P 500 | 7601.25 | (-2.64%) |
| Canada S&P/TSX 60 | -- | (0%) |
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