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Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Club name Estee Lauder (EL), which does a lot of business, there is seeing its stock up more than 1%. Perhaps indicating a better times ahead for the Chinese consumer in what's been some post-Covid struggles for the world's second-largest economy. China's retail sales surprise with faster growth in August, advancing 4.6% year-over-year, crushing estimates for a 3% gain. HSBC is also starting coverage on Club name Salesforce (CRM)with a buy rating and $267-per-share price target. HSBC is initiating coverage of ORCL with a buy rating and a $144-per-share price target. It puts Oracle database products in Microsoft's Azure cloud. Barclays says the expanded partnership between Club names Microsoft (MSFT) and Oracle (ORCL) is a win-win. Meanwhile, Moffett Nathanson is downgrading DoorDash to market perform (hold), citing the resumption of student loan payments. It's a big blow to the NYSE, which has for years been wooing tech-focused companies. Food delivery DoorDash (DASH) is transferring its stock listing to the Nasdaq from the NYSE. Inspired by the appetite for Arm's IPO, grocery delivery app Instacart is raising its proposed price range for its initial public offering, targeting a fully diluted valuation of up to $10 billion. The chip designer's banner day is also a big win for the banks, such as Club name Morgan Stanley (MS), which have had anemic investment banking activity all year. Arm shares gained another 4.5%, one day after popping nearly 25% on their Thursday debut. The UAW acted after it was unable to reach a new labor contract with the automakers by the deadline. assembly plants at General Motors (GM), Chrysler-owner Stellantis (STLA) and Club name Ford (F).

Thousands of union members walked off the job at three U.S. The United Auto Workers is officially on strike. Perhaps too much enthusiasm ahead of the print has the stock down 3.5% in early Friday trading. Sales and earnings beat, guidance ahead of expectations. Adobe (ADBE) is seeing a slew of price target hikes on the back of a very good fiscal third report. Priority over most discretionary purchases.

Those higher fuel costs, noted in this week's inflation reports, compete for after-tax dollars.

At the same time, we're watching oil, which is holding above $ 90 per barrel. 15 The Dow, the S & P 500 and the Nasdaq are set for lower opens after Thursday's strong rally on optimism around the Arm (ARM) IPO and shrugging off higher than expected producer price report.

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