Anthropic wants to ring the bell before the turkey. Bloomberg reports the Claude maker is targeting a pre-Thanksgiving IPO, with a roadshow as early as the week of November 9 and prospective investors pegging fair value at $1.8T to $2T.

At $2T, it would be the largest IPO in history, for a company that booked roughly $4.6B in revenue last year.

Backers expect annualized revenue of $100B to $120B by year-end, so the price tag is a bet on the run rate, not the rearview.

Morgan Stanley (MS), Goldman Sachs (GS), and JPMorgan (JPM) are running the books. Somebody's working through the holiday.

— Brooks & The Street Sheet Team

What: Friday's jobs report was soft for everyone, softer for men. Women have now outnumbered men in the workforce for eight straight months, the longest run since 2010, per Indeed (RCRUY). This gap reflects where hiring is, not who's getting fired.

Why: Industry mix is doing the sorting. Healthcare accounted for more than half of September's payroll gains, and women hold nearly four of every five jobs in the sector. Over the past year, employed men fell by about 1.2M, while women added more than 650K.

What Else: September muddied the picture. Payrolls grew just 29K against an 84K consensus, and men took slightly over half of the net gain after claiming only 2% in August. Part of that flip came from the women's side of the ledger: healthcare hired below its 12-month average, and contraction in government, another women-heavy employer, diluted their gains.

Watch: Healthcare's line in the October jobs report, due in early November. It's been the engine behind women's gains and much of everyone else's, and it just downshifted.

What: $4 gas finally sold America on hybrids. Detroit had few to sell. Third-quarter hybrid sales rose 39% at Hyundai, 152% at Kia, 29% at Toyota (TM), and 21% at Honda (HMC). A fuel-price shock became a market-share handoff.

Why: For decades, Ford (F), General Motors (GM), and Stellantis (STLA) traded sedans and small cars for higher-margin SUVs and trucks. Ford's only hybrid is the Maverick pickup after it dropped the hybrid Escape. GM's lone hybrid is a Corvette, and Stellantis is phasing out its North American plug-ins with the 2026 model year.

What Else: The scoreboard shows it. Hyundai and Kia sold 506.2K vehicles combined, up 5.4%, while Ford fell 6.6% to 509.8K, leaving the Koreans a hair from passing Ford in US sales for the first time. Asian brands took more than half of all new-car sales, and US automakers hit a record-low share, per Cox Automotive.

Watch: Ford and GM report third-quarter earnings later this month, and hybrid timelines should top the question list. Looser fuel-economy rules may spare Detroit some fines, but they won't win back the buyer who already drove off in a Tucson.

What: Washington threatened to keep its diesel at home. Europe blinked. The G7 agreed Friday to release 100M barrels from emergency oil and diesel reserves over four months, front-loading much of the diesel into the first 20 days.

Why: Europe was badly exposed. The US supplied about half of all diesel flowing into the EU in August, per IEA data, and the White House spent the week floating an export ban over record fuel prices hitting farmers and truckers. The G7 deal also pledges no energy export restrictions among members.

What Else: US diesel averaged $6.37 a gallon Friday, up nearly 70% since the war with Iran began in late February, and futures fell 5% on the news. This is also the second draw this year. IEA members authorized a record 400M barrels in March, and Washington argues Europe still hasn't met those commitments.

Watch: The front-loaded diesel window runs through about October 22, and the G7 plans fresh IEA talks on whether to release more. A 5% drop in futures is a reaction, not a resolution, while Hormuz stays contested.