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• ☕️What Else is Brewing Election Day Morning
  Exploding packages bound for North America traced back to Russia. In...
  Exploding packages bound for North America traced back to Russia. In July, two “incendiary devices” caught fire at DHL facilities in Leipzig, Germany, and Birmingham, UK, respectively. European investigators just revealed that the packages contained electric massagers “implanted with a magnesium-based flammable substance,” according to the Wall Street Journal, which were sent from Lithuania. Officials say the packages were sent by a proxy for Russian spies and that they were part of a broader plot to test whether dangerous packages could infiltrate the US and Canada. When asked for comment by the Wall Street Journal, Kremlin spokesperson Dmitry Peskov called the story “traditional unsubstantiated insinuations from the media.
  
  The treasurer of America PAC, through which Elon Musk is running his $1 million daily “lottery,” said in a hearing that the recipients “are not chosen by chance.” Regardless, a judge rejected the Philadelphia district attorney’s request to halt the contest.
  
  First-time homebuyers in 2024 had a median income of $97,000, and their median age was 38.
  
  ​​OpenAI and Jeff Bezos invested in Physical Intelligence, a robot startup with the aim of “bringing general-purpose AI into the physical world.”
  
  A former Ohio police officer was found guilty of the murder of Andre Hill in 2020.
  
  Colleges are charging “talent fees” and “athletic surcharges” on sports tickets and at concessions stands to help offset the pay college athletes now receive.
  
  
  
   
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• U.S. stocks finish lower ahead of Election Day
  Wall Street lost ground in a stagnant session as investors waited for...
  Wall Street lost ground in a stagnant session as investors waited for tomorrow's election. Losses were limited, though, as investors seemed in no mood to take on large new positions in either direction with so much uncertainty in the air.
  
  Though major indexes ended in the red, a rallying Treasury market showed signs of life and the benchmark 10-year Treasury note (TNX:CGI) yield dropped from Friday's four-month highs. Yields move the opposite direction of Treasuries. 
  
  "The rally looks like the unwinding of election-related trades of the past few weeks," said Kathy Jones, chief fixed income strategist at Schwab. "Yields had moved up more than was justified by the economic data and are now re-adjusting lower."
  
  Whoever ends up in the White House, long-term investors should ignore the noise and focus on their goals and financial plans. Presidential elections have historically had very little impact on markets—stocks, for example, are more influenced by corporate earnings, monetary policy, and economic data than the election outcome.
  
  Here's where the major benchmarks ended:
  
  The S&P 500^® index (SPX) dipped 16.11 points (–0.28%) to 5,712.69; the $DJI dropped 257.59 points (–0.61%) to 41,794.60; and the $COMP lost 59.93 points (–0.33%) to 18,179.98.
  
  The 10-year Treasury note yield (TNX) fell five basis points to 4.31%.
  
  The CBOE Volatility Index^® (VIX) edged up to 22.11, still below last week's peaks.
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• Hess Goes Forth in Bakken with Chevron Deal Entangled in Dispute
  Hess Corp. continues to move forward in North...
  
  
  Hess Corp. continues to move forward in North Dakota as it waits to close a $55 billion deal with Chevron Corp., which is involved in arbitration over interests offshore Guyana. The company says it plans to continue running four rigs in the North Dakota Bakken shale play through the fourth quarter.
  
  New York-based Hess reported net production of 206,000 boe/d from the Bakken during the third quarter, the company announced in earnings Oct. 30.
  
  Third-quarter Bakken volumes included 91,000 bbl/d of crude oil, 75,000 bbl/d of NGL and 238 MMcf/d of natural gas.
  
  
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• Tropical depression forms, could become Hurricane Rafael and track toward US
  The National Hurricane Center said a tropical depression formed in the...
  The National Hurricane Center said a tropical depression formed in the Caribbean on Monday. It could eventually intensify into a hurricane and threaten the Gulf Coast by this weekend.
  
  Forecasters said the system is forecast to strengthen into Tropical Storm Rafael and then Hurricane Rafael over the next few days as it moves into the Gulf of Mexico.
  
  However, given significant uncertainties in the long-range forecast track and intensity, the hurricane center said it is too soon to determine what, if any, impacts could occur in the U.S.
  
  "There has never been a tropical storm or hurricane landfall in Texas, Louisiana or Mississippi during November and December. So that would be quite a milestone, but this does not mean that people along the central and western Gulf Coast should let their guard down," AccuWeather lead hurricane expert Alex DaSilva said.
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• Enbridge Among Growing List of Earnings Boosted by Acquisitions
  Thanks to its growing list of acquisitions,...
  
  
  Thanks to its growing list of acquisitions, Enbridge’s third-quarter profits more than doubled, jumping from CA$500 million (US$359 million) to CA$1.3 billion (US$0.93 billion) year-over-year.
  
  Canada-based Enbridge’s portfolio includes gas and liquids pipelines, a renewable energy segment and, over the last year, a natural gas utilities sector in the U.S.
  
  "Across the business, we saw strong utilization of our assets, which drove another solid quarter of financial results, positioning us to achieve full-year guidance for the 19th year in a row,” said Greg Ebel, Enbridge president and CEO, during the company’s third-quarter earnings call Nov. 1.
  
  
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