Oil Tops $111, Jobless Claims Hit 57-Year Lows, and Meta's Cash Burn Shakes Tech
Jobless claims near a 57-year low complicate the Fed's path to December, Brent crude surges past $111 on Middle East tensions and a U.S. evacuation order in Saudi Arabia, and Meta posts its first negative free-cash-flow quarter since its IPO as AI spending spooks tech investors. In this episode: • Jobless claims drop to 194K, near 57-year lows, complicating the Fed's rate path — https://www.cnbc.com/2026/10/22/jobless-claims-record-low-weekly.html • Brent crude tops $111 as Trump hints at Iran action and U.S. orders staff out of Saudi Arabia —…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.