Newsletter Nov 21, 2022

3 things you must know

COP27 adopts controversial 'loss and damage' climate fund
Countries adopted a hard-fought final agreement at the COP27 climate summit on Sunday to set up a "loss and damage" fund to help poor countries battered by climate disasters. However, the pact does not boost efforts to tackle the emissions causing climate change, nor does it address how it will be funded. After tense negotiations, the provision passed to establish a fund to help developing countries bear the immediate costs of climate-fueled events such as storms and floods. But the agreement kicked many of the controversial decisions on the fund into next year.
OPPONENTS SAY DEAL SAME AS 'CLIMATE REPARATIONS'

Mixed news on inflation has Wall Street watching the Fed
Amid mixed economic and earnings data and hawkish speeches, Fed officials tempered investor enthusiasm for buying bonds and stocks last week, ending a rally of the previous week. Another dose of good inflation news encouraged equity and debt market bulls to keep buying stocks and bonds. The October PPI came out better than expected, in line with the CPI released last week. Wall Street hopes the good news will temper the Fed's next action.
WHAT FED OFFICIALS SAY ABOUT FUTURE RATE HIKES

Holiday shopping season features new trends, great deals
The holidays have one thing in common: they begin earlier and earlier each year. But this holiday season is different in several respects -- retailers have too much inventory and are eager to get rid of it; Covid-19 concerns are fading, sending shoppers to brick-and-mortar retailers again; and shoppers are beginning to feel the pain of inflation, making it harder to afford discretionary items.
HOW TO MANAGE YOUR HOLIDAY SHOPPING, SPENDING

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Markets

DJIA	33,745.69	0.59%
S&P 500	3,965.34	0.48%
Nasdaq Composite	11,146.06	0.01%
Japan: Nikkei 225	27,915.98	0.06%
UK: FTSE 100	7,385.52	0.53%
Crude Oil Futures	79.21	-1.09%
Gold Futures	1,747.30	-0.40%
Yen	140.49	0.07%
Euro	1.03	-0.47%
* As of market close

Trump reinstated to Twitter after Musk poll

Former President Donald Trump's account on Twitter was reinstated over the weekend, nearly two years after it was suspended. Twitter banned Trump following the Capitol riot on Jan. 6, 2021, citing "the risk of further incitement of violence." However, new Twitter CEO Elon Musk lifted the ban after holding a poll Friday that asked Twitter users to click "yes" or "no" on whether Trump's account should be reinstated. Of the 15 million users who participated in the poll, 51.8% voted "yes."

SEE TRUMP'S RESPONSE ABOUT A POSSIBLE TWITTER RETURN

Mass shooting at Colorado LGBTQ nightclub

At least five people were killed and 18 were wounded in a mass shooting at an LGBTQ nightclub late Saturday in Colorado Springs. Patrons who were marking the Transgender Day of Remembrance subdued the gunman, and police have a suspect in custody. The shooting is the latest in a string of attacks on LGBTQ venues in the U.S. Police are crediting a heroic effort by patrons to stop the suspect.

GET THE LATEST UPDATES ON THE COLORADO SHOOTING

Qatar under spotlight in 2022 World Cup

The 2022 World Cup kicked off Sunday with host nation Qatar falling to Ecuador in the opener. It's not the only thing Qatar has to lose. The Gulf nation has invested more than $200 billion in the World Cup, which will welcome more than 1 million visitors from around the world. From reports of labor violations to a ban on beer sales, Qatar is coming under an increasingly bright spotlight as the action ramps up today.

SEE HOW MUCH QATAR HAS RIDING ON THE 2022 WORLD CUP

Flat Earth

Qatar is the second-flattest nation on Earth, behind only this country?

Friday's answer: Tip O'Neill served as House Speaker for a record 9 years, 350 days from January 1977 to January 1987. Theodore Pomeroy had the shortest tenure of only one day -- March 3, 1869.

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