National Guard Deaths, Market Update, and Thanksgiving Travel Amidst Economic Trends

National Guard Deaths Near White House

• ⚠️ Two National Guard members were confirmed dead after a shooting near the White House.
• 👮 A shooter is in custody, with investigations underway and no immediate motive released.
• 🗣️ President Trump referred to the shooter as an "animal" and stated they would "pay a steep price."

US Market and Economic Snapshot

• 📈 US stocks ended higher for the fourth consecutive session, with the Dow, Nasdaq, and S&P all showing gains.
• 📊 The ten-year Treasury yield stood at 3.99%, and the two-year yield at 3.47%.
• 📉 The Federal Reserve's Beige Book indicated little change in recent economic activity, with consumer spending declining except among high-end shoppers.
• 💰 Prices rose moderately, though manufacturers expressed optimism.
• 💼 US unemployment benefit applications fell to their lowest level since mid-April, but continuing claims saw a slight increase.

Thanksgiving Travel and Weather Challenges

• ✈️ US airlines anticipate the busiest Thanksgiving travel period on record, with tens of millions expected to fly.
• ⚠️ Potential disruptions include air traffic controller shortages and severe weather, particularly in the Midwest, causing flight delays and power outages.
• 🤝 Transportation Secretary Sean Duffy encouraged travelers to be patient, civil, and helpful to others.

Global and Business News Briefs

• 🔥 A high-rise fire in Hong Kong resulted in at least 36 deaths and 15 injuries, with nearly 300 people still unaccounted for.
• 💰 Blackstone is nearing a deal to acquire MacLean Power Systems for over $4 billion.
• 📢 A top Campbell's executive was placed on leave after reportedly making disparaging remarks about the company's products.
• 🏡 Mortgage applications for U.S. home purchases surged 7.5%, reaching their highest level in two and a half years.
• 🛍️ Despite concerns about "lame" Black Friday deals, retailers expect a record turnout for the five-day shopping period between Thanksgiving and Cyber Monday.