**Markets** - U.S. stocks closed higher on Friday, with the S&P 500 marking its sixth consecutive monthly gain. - Top movers: Amazon surged 9.6% after beating earnings expectations, while Pony.ai fell 5.47%. - Oil prices stabilized amid focus on Venezuela’s political situation and supply glut. - Gold rose 3.7% in October, with silver up 4.3%. European stocks dipped but posted a fourth monthly advance.

**Macro** - President Trump denied plans for military action against Venezuela. - A U.S. judge mandated the Trump administration to continue SNAP benefits despite a potential government shutdown. - The FAA delayed flights as the partial shutdown entered Day 31. - The Treasury set a 4.03% rate for new six-month bonds. OPEC+ may approve a modest output hike of 137,000 bpd in December.

**Corporate** - Microsoft’s filings suggest OpenAI lost $12 billion last quarter. - Novo Nordisk cut 9,000 jobs to prioritize its new weight-loss drug business. - Hyundai and Nvidia partnered to build an AI factory in South Korea. - Elon Musk claimed Neuralink implant recipients would eventually outperform human gamers. - Apple’s Cook expressed openness to AI acquisitions, while Coinbase advanced talks to buy stablecoin firm BVNK.

**Commentary** - Fed officials pushed back against rate-cut expectations, citing persistent inflation. - Nvidia’s Jensen Huang hailed AI’s "virtuous cycle." - Trump ruled out renegotiating with Canada. - Morgan Stanley predicted a steep dollar decline by end-2024, urging hedges. - The dollar index climbed for a third day, pressuring the euro to August lows.

**Commodities & Bonds** - Oil edged up, gold hovered near $4,000, and copper declined. - German bonds steadied as Eurozone inflation eased slightly.