Have a good Election Day.
Indications
Nickel 3 month $6.98
Cash Last $6.90
Euro 1.117
Yen 158.20
gold $3915.23
silver $49.31
Copper LME $6.395
Copper Comex $6.36
Cobalt $ 23.00 - 25.50
Zinc $ 1.76
Tin $ 21.67
Crude $ 97.31up 1.06%
Dow Jones up .41%
FTSE 100 down .65%
Dax down .53%
Hang Seng up .57%
Nikkei down .33%
U.S. Dollar index 101.88
Quote of the Day
Giving money and power to government is like giving whiskey and car keys to teenage boys.— P. J. O'Rourke
Word of the Day
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To satiate a need, desire, etc., is to satisfy it fully.
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// The new restaurant’s menu promises to satiate diners’ cravings for comfort food, offering fresh spins on classic, time-honored fare.
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Trivia
How many legs does a crab have?
Answer: at bottom of page under good read.
News of Interest
- Markets: If the Nasdaq hoped to leave all the spooky stuff behind in October, the tech-heavy index didn’t get its wish. Instead, it kicked off November by falling yesterday as a morning rebound petered out and investors continued to move away from tech. Meanwhile, the Dow inched up, powered in part by stocks that investors are moving into instead, like Sherwin-Williams and Home Depot.
Hackers targeted fridges and freezers at dozens of European supermarkets early yesterday morning. The defrosting cyberattacks had temperatures reaching 122 Fahrenheit in some grocery store refrigerators across Belgium, Estonia, Finland, Ireland, Luxembourg, the Netherlands, and Sweden.
A similar cyberattack in France last month left dozens of supermarkets dealing with fires (on top of preemptively steamed broccoli), forcing them to toss millions of euros worth of products.
How can this happen? The Belgian company Sabcobel, which operates some of the fridges involved, said that hackers attacked a digital system that remotely controls the devices, putting them into defrost mode. Sabcobel said it had been patching software vulnerabilities over the past few weeks but explained that some fridges require physical modifications. Danfoss, a Danish refrigeration temperature-control systems supplier, said its tech was targeted both in yesterday’s hack and in the earlier French cyberattack, affecting customers with non-updated software.
The US might have endured a similar incident. The Pentagon is investigating August hacks on several military base commissary fridges that led to the mass melting of frozen foods.
Big picture: These fridge-to-sauna transformations are heightening concerns about AI-enabled hackers attacking critical infrastructure that relies on digital systems. More than 20 cyberattacks on refrigeration systems have taken place this year, with some linked to Russia-aligned hackers, according to cybersecurity firm Forescout.—SK
- Fake warnings of nuclear danger went out after Ukraine and Russia’s emergency alert systems were both hacked on Sunday.
- Fox News is suffering from declining ratings that CEO Lachlan Murdoch attributed to “viewer fatigue,” but Fox’s revenue for its first fiscal quarter was up 22% compared with a year ago thanks to political ads and the World Cup.
Nickel & Related Metal News
Nickel moves down with most metals today;
Good Read
Answer to today's trivia question: 10
Good morning and welcome home to Karl Bushby. The UK native finally made it back to his mother’s house in England yesterday, after completing a 28-year, 31,000-mile walk home from Punta Arenas, Chile. Bushby’s long walk, which started on Nov. 1, 1998, spanned four continents and 30 countries and included swimming across the English Channel.
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Watch Bushby reunite with his mother here. |