Markets Desk · 10 PM Update

Markets Desk here with the stories moving the tape today. In autos, America's new car price record comes with a major catch. The average transaction hit a record fifty one thousand one hundred nine dollars in October, the first time above fifty one thousand, though that headline number masks what buyers are actually paying beneath it. Turning to the consumer, Kevin O'Leary says life changes forever at one specific figure, and he doesn't hedge. Five million dollars, liquid, and he's picky about where that money sits, which is not where many wealthy people keep theirs. And Outback Steakhouse is making a customer-friendly move after bankruptcy. Bloomin' Brands chief Mike Spanos was blunt that the company was not succeeding, and the turnaround since late twenty twenty four is now showing up at the table. That's the tape. Markets Desk, signing off the floor.