The big economic news of the day was the JOLTS job openings index had the biggest miss on record. This is a bad sign, but it needs to be taken with a grain of salt given it has only been calculated for a few years. The takeaway from this labor data is that the labor market is peaking. Employment is a late cycle indicator so it should weaken further sometime by the end of this year or early next year.

Tesla Motors Inc (NASDAQ:TSLA) shareholders will have a special meeting on November 17th to vote on the Solar City merger plan. Tesla plans to issue 11,080M shares of Tesla common stock. Tesla shareholders will own 93.1% of the combined companies and SolarCity shareholders will own 6.9%.

Amazon.com, Inc. (NASDAQ:AMZN) is launching Amazon Music Unlimited streaming service. There are a few pricing tiers: $7.99 per month, $79 per year for Prime members, $9.99 for non-Prime members, and Echo-only plan for $3.99 per month, and a family plan for $14.99 per month or $149 per year. Jeff Bezos made the following statement on the acquisition “Amazon Music Unlimited brings real value to the millions of people who are already Prime members, with a choice of subscribing for only $7.99 a month or even $79 per year. Plus, customers are going to love Amazon Music’s all-new app for iOS, Android and desktop. And if you want a sense of the future of voice-controlled music, go ahead and ask Alexa for a free Music Unlimited trial, and play around on your Echo. If you don’t know the name of a song but know a few lyrics, if you want to hear songs from a specific decade, or even if you’re looking for music to match your mood, just ask.”

Sprint Corp (NYSE:S) will be mortgaging 14% of its airwaves which is worth $16.4 billion. The firm is looking to raise $3.5 billion. This would be able to satisfy the capital constraints the firm has as it had $3.17 billion in negative cash flow for the fiscal year ending in March. Partially because of this deal the firm expects to be rated investment grade by Moody’s and Fitch.