Friday 10/03 ☕ Market Espresso

Berkshire (BRK.B) to buy OxyChem for $9.7B cash; OXY −6% as Buffett doubles down on chemicals, OXY de-levers 🧪💼

TSLA Q3 deliveries 497,099 (record) on tax-credit rush; shares fade. RIVN beats but trims FY guide 🚘⚡️

OpenAI hits $500B valuation via $6.6B secondary—world’s most valuable startup; AI trade stays hot 🤖🔥

Microsoft taps “neoclouds”: Nebius deal (>100k NVDA GB300s) as part of $33B+ outsourced AI compute—capacity crunch relief 🧠🖥️

FICO to deliver scores direct to tri-merge resellers; lenders’ fee −~50%. EFX/TRU slump, FICO +20% 🏦📉📈

CME to run 24/7 crypto futures/options in early ’26 (pending reg) so institutions can hedge ₿ anytime ⏱️🪙

Bitcoin near $118.8K; JPM sees fair value $165K vs gold on risk-adjusted basis 📊🥇

ETFs: YTD inflows $917B—on pace for second record; SEC eyed to allow ETF share classes for mutual funds → conversion tailwind 📈

Mortgages: 30-yr 6.34% up 2nd week; 19.9% of listings cut prices as inventory builds—buyers gain leverage 🏠🔻

Shutdown Day 2: NFP likely delayed; DXY drifts lower, Oct/Dec Fed cuts mostly priced 💵🗓️

SCOTUS blocks immediate ouster of Fed Gov. Lisa Cook—Fed independence watch into Oct meeting ⚖️🦅

Argentina bonds whipsaw on mixed US support signals; peso weak—EM risk skittish 🌎💱

What are you drinking today - ☕️ coffee, 🍵 tea, or 🥤 something else?