IN THE NEWS
Benzinga
Shopify (NYSE: SHOP)'s unpredictable and erratic behavior seems is a reflection of the fact that even analysts can’t agree on what do to with Shopify: Link
President Donald Trump’s insults, threats and challenges to journalists have led to questions of whether the Commander-in-Chief respects the First Amendment: Link
After trading up 25 percent Tuesday in its fourth consecutive daily rally, Helios and Matheson Analytics Inc (NASDAQ: HMNY) took an abrupt $5 plunge Wednesday off a tweet by short-seller Andrew Left: Link
Wall Street Journal
President Trump is planning to sign an executive order Thursday to initiate the unwinding of the Affordable Care Act, paving the way for sweeping changes to health-insurance regulations by instructing agencies to allow the sale of less-comprehensive health plans to expand: Link
Bank earnings season kicks off with JPMorgan Chase & Co. (NYSE: JPM) and Citigroup (NYSE: C) reporting results on Thursday. Bank of America (NYSE: BAC) and Wells Fargo & Co. (NYSE: WFC) will follow on Friday, and Goldman Sachs Group (NYSE: GS) and Morgan Stanley (NYSE: MS) will announce their earnings next week. Here are five things to keep an eye on as the numbers come in: Link
Reuters
Delta Air Lines Inc (NYSE: DAL) on Wednesday said it would refuse to pay a 300 percent U.S. tariff on Canadian-built Bombardier CSeries jets, raising doubts about its purchase of 75 of the new aircraft at a list price of more than $5 billion: Link
Alphabet Inc (NASDAQ: GOOG)’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters: Link
Bloomberg
Months after the White House proposed ending a tax break for people in high-tax states, President Trump grew angry when he learned that the change would hurt some middle-income taxpayers, according to two people familiar with his thinking: Link
Bitcoin surged to a fresh record Thursday as the enthusiasm for cryptocurrencies showed little signs of abating: Link
ECONOMIC DATA
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Initial Jobless Claims for Oct 6 257.0K vs 251.0K Est. Continuing Claims for Sep 29 1.89M vs 1.94M Est; Prior Revised from 1.94M to 1.94M
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USA PPI (MoM) for Sep 0.40% vs 0.40% Est; Core PPI (MoM) for Sep 0.40% vs 0.20% Est Core PPI (YoY) for Sep 2.20% vs 2.00% Est
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The Energy Information Administration’s weekly report on natural gas stocks in underground storage will be released at 10:30 a.m. ET.
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Federal Reserve Governor Lael Brainard is set to speak in Washington at 10:30 a.m. ET.
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Federal Reserve Governor Jerome Powell will speak in Washington at 10:30 a.m. ET.
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The EIA’s weekly report on petroleum inventories is schedule for release at 11:00 a.m. ET.
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The Treasury is set to auction 30-year bonds at 1:00 p.m. ET.
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The U.S. Treasury budget report for September will be released at 2:00 p.m. ET.
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Data on money supply for the recent week will be released at 4:30 p.m. ET.
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Atlanta Federal Reserve Bank President Raphael Bostic is set to speak in Hong Kong at 9:15 p.m. ET.