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• ☕️What Else is Brewing Tuesday Morning
  Fifth Third to buy Comerica as regional lenders consolidate. In...
  Fifth Third to buy Comerica as regional lenders consolidate. In what Bloomberg calls the biggest US bank deal this year, Fifth Third said it would acquire Comerica for $10.9 billion in stock. The acquisition, expected to close in the first quarter next year, would create the ninth-largest bank in the country with $288 billion in assets. The announcement sent Wall Street tongues wagging about whether a wave of consolidation could be coming to regional banking, as smaller banks look to compete with giants like JPMorgan and may want to take advantage of the Trump administration’s more open stance toward big mergers.
  
  President Trump suggested that he’s open to negotiations over healthcare subsidies with Democrats—but only after the government reopens.
  
  It’s official: Bari Weiss became the editor-in-chief of CBS News yesterday after Paramount bought her company, The Free Press, for $150 million.
  
  The Supreme Court refused to hear longtime Jeffrey Epstein associate Ghislaine Maxwell’s appeal of her sex trafficking conviction.
  
  The Nobel Prize in medicine was awarded to three scientists who study the human immune system.
  
  SCOTUS will hear arguments today over whether states can ban conversion therapy for LGBT minors. At least 20 states prohibit the practice, which major medical groups say can be harmful, but the court will consider a Christian Colorado therapist’s free speech challenge.
  
  Tesla is announcing…something today, but it’s been cryptic about what.
  
  Shein is opening physical stores, but so far, only in France, so the flight costs would probably outweigh your savings on clothes.
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• Court: Biden overreached on offshore drilling ban
  A federal judge in Louisiana ruled that President Biden's withdrawal...
  A federal judge in Louisiana ruled that President Biden's withdrawal of large coastal areas from offshore drilling was illegal, stating that such a permanent ban exceeded executive authority under the Outer Continental Shelf Lands Act and broke with longstanding executive practice.
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• DAILY OIL PRICE: October 6, 2025
  Oil climbed thanks to a decision by OPEC+ to ...
  Oil climbed thanks to a decision by OPEC+ to boost crude production at a more modest rate than experts expected. Gold continued its record run, rising above $3,900 for the first time ever, while bitcoin hovered just below a new all-time high.
  

  
  
  • Crude Oil: 61.69   (+0.81).
  
  
  • Nymex MTD AVG: 61.0983.
  
  
  • Natural Gas: 3.357   (+0.033).
  
  
  • Gasoline: 1.9016   (+0.0411).
  
  
  • Spreads: November/December (+0.35)     December/January (+0.21).
  
  
  • Plains WTI Posting: 58.17   (+0.81).
  
  

  
  Source: Odessa American
  
  
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• S&P 500 logs 4th straight record close, while Dow snaps win streak
  U.S. stock indexes closed mixed, with the S&P 500...

  U.S. stock indexes closed mixed, with the S&P 500 seizing a fourth record finish in a row despite the government shutdown continuing for a sixth straight day.

  
  

  Investors remain optimistic about the Federal Reserve potentially cutting rates for a second time this year later this month, as well as about the start of quarterly earnings.

  
  

  The S&P 500 also tallied its seventh straight finish in the green, the longest winning streak for the index since May 2, Dow Jones Market Data showed. The Dow, meanwhile, snapped a six-session stretch of gains. The Nasdaq Composite also finished in record territory, boosted by huge gains in shares of Advanced Micro Devices.

  
  

  The Dow fell 63.31 points, or 0.1%, ending near 46,694, according to preliminary numbers from Dow Jones Market Data.

  
  

  The S&P 500 rose about 24.49 points, or 0.4%, to finish at 6,740.28.

  
  

  The Nasdaq Composite gained 161.16 points, or 0.7%, to 22,941.67.

  
  

  The Russell 2000 rose 10.18 points, or 0.4%, to finish at 2,486.35 and scoring a back-to-back record close.

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• Sources: Chevron Looks to Sell D-J Pipeline Assets for $2B
  [Reuters] - Chevron is selling a collection...

  [Reuters] - Chevron is selling a collection of pipeline assets in the Denver-Julesburg (D-J) Basin that are likely to fetch more than $2 billion, people familiar with the matter said. Chevron is one of the largest producers of oil and gas in the D-J Basin, which predominantly covers Colorado but also parts of Wyoming.

  
  

  Investment bankers at Bank of America have been working in recent weeks to solicit potential interest in the infrastructure, which was largely inherited from the oil major’s $13 billion acquisition of Noble Energy in 2020 and its subsequent full takeover of Noble’s midstream business a year later, said the sources, who asked not to be named because the talks are private.

  
  

  Collectively, the assets generate around $200 million EBITDA, some of the people added. Based on sales of similar assets, Chevron can expect to fetch upwards of $2 billion.

  
  

  A sale is not guaranteed, and Chevron could ultimately retain some or all of the assets, the people cautioned.

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