The Club’s top 10 things to Thursday, Oct. 2 — Matthew J. Belvedere and Kevin Stankiewicz wrote this morning’s publication. 1. The S & P 500 was heading for a better open this morning. The index reversed yesterday’s early declines on the authorities shutdown and weak ADP jobs considerations and closed at a file excessive. Tesla is headed for a powerful session after third-quarter deliveries got here in forward of expectations this morning. 2. Treasury Secretary Scott Bessent informed CNBC right this moment that U.S. financial progress and the labor market could possibly be harm by the authorities shutdown. Republicans and Democrats are nonetheless at odds on how you can finish it. 3. Due to the shutdown, 8:30 a.m. ET got here and went right this moment, with no weekly jobless claims knowledge. Tomorrow’s massive nonfarm payrolls report can be set to be delayed. Future financial numbers from authorities sources may be impacted. On the different hand, the Chicago Fed’s new real-time unemployment price tracker suggests the unemployment price stayed regular at 4.3% in September. 4. Warren Buffett’s Berkshire Hathaway introduced plans to purchase the petrochemical unit of Occidental Petroleum . The price ticket for OxyChem is $9.7 billion in money. Berkshire already has a serious stake in Occidental. 5. KeyBanc upgraded Nike to a purchase from maintain, with a $90-per-share worth goal. The analysts cited strong quarterly outcomes and progress in the firm’s turnaround. We agree and have been slowly constructing our Club place. 6. JPMorgan launched its favourite shares for October after a powerful September for the market. Club names Amazon and Broadcom had been amongst them. Carvana , General Motors , and PulteGroup additionally made the record. 7. Taiwan rejected (*10*) proposal to make half of the chips it provides to the U.S. on American soil. The thought had been floated by Commerce Secretary Howard Lutnick. 8. OpenAI was valued at $500 billion in a current secondary share sale by present and former workers, who offloaded $6.6 billion value of stock to a bunch of traders, CNBC reported . That places the ChatGPT creator forward of Elon Musk’s SpaceX as the Most worthy privately held firm. OpenAI has inked a flurry of offers currently, together with a cloud settlement with Oracle and a $100 billion funding from Club title Nvidia . 9. Morgan Stanley raised its Apple worth goal to $298 from $240, citing stronger gross sales for the new iPhone than initially thought. Meanwhile, UBS mentioned that demand is previous peak for the new units. 10. Honeywell introduced plans late yesterday to divest its asbestos liabilities, which ought to assist money circulation. The Club title additionally set Oct. 30 as the day for its spinoff of its Solstice Advanced Materials unit. Sign up for my Top 10 Morning Thoughts on the Market e-mail publication at no cost (See right here for a full record of the shares at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll obtain a commerce alert earlier than Jim makes a commerce. Jim waits 45 minutes after sending a commerce alert earlier than shopping for or promoting a stock in his charitable belief’s portfolio. If Jim has talked a few stock on CNBC TV, he waits 72 hours after issuing the commerce alert earlier than executing the commerce. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.