Newsletter Nov 17, 2023

Quick Six

APEC Summit breaths sigh of relief after Biden, Xi meeting
Promoting trade, protecting supply chains and fighting the climate crisis were hot topics at the APEC summit of Pacific rim powers Thursday in San Francisco after President Joe Biden and Chinese counterpart Xi Jinping helped settle regional nerves by agreeing to dial down tensions. The Asia-Pacific Economic Cooperation opened with a sense of relief after Biden and Xi held a lengthy session of their own Wednesday, and emerged pledging to avoid the kind of dangerous rift that could upend the world economy.
SEE THE AGREEMENTS REACHED AT THE APEC SUMMIT

Federal Reserve governor likes chances of a 'soft landing'
The Federal Reserve may be on track to bring down inflation while avoiding a damaging recession, a senior policymaker said Thursday. The Fed recently voted to hold interest rates at a 22-year high, raising hopes among investors that it can achieve a so-called "soft landing" while avoiding further rate hikes. But inflation remains stuck above the Fed's long-run target of 2%, causing disagreement among policymakers over the best route forward.
WHY FED GOVERNOR THINKS 'SOFT LANDING' IS POSSIBLE

Amazon, Hyundai reach agreement to sell vehicles online
Customers will be able to purchase cars on Amazon in 2024, marking the online retailer's entrance in automobile commerce. Amazon signed an agreement with Hyundai to allow customers to search the online platform for available vehicles in their area, choose and equip a car, choose a payment and financing option and then pick it up or have it delivered by the local dealership.
SEE THE ROLE ALEXA WILL PLAY IN THE PARTNERSHIP

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Markets

DJIA	34,945.47	-0.13%
S&P 500	4,508.24	0.12%
Nasdaq Composite	14,113.67	0.07%
Japan: Nikkei 225	33,424.41	-0.28%
UK: FTSE 100	7,410.97	-1.01%
Crude Oil Futures	73.07	0.23%
Gold Futures	1,984.10	-0.16%
Yen	150.68	-0.03%
Euro	1.09	0.03%
* As of market close

Elders ask Biden to craft Mideast peace plan

US President Joe Biden should embrace a "historic opportunity" and deliver a peace plan between warring Israelis and Palestinians, but it must be a lasting political solution that "undermines extremists" on both sides, a group of independent global leaders known as The Elders, told Biden on Thursday. In an open letter, the Elders called for Biden's plan to be based on a two-state solution, but they stressed that "it must recognize the equal rights of Palestinians and Israelis."

WHY THE ELDERS SAY NOW IS THE TIME FOR BIDEN TO STRIKE

Haley second to Trump in New Hampshire

Former South Carolina Governor Nikki Haley now is in second place among likely voters in the New Hampshire's Republican presidential primary, according to a CNN poll. Support to Haley jumped to 20% from 12% in September, the poll showed. Former President Donald Trump keeps a commanding lead with 42% of support, followed by former New Jersey Governor Chris Christie (14%), Florida Governor Ron DeSantis (9%), and tech entrepreneur Vivek Ramaswamy (8%).

WHY OPPONENTS ARE ACCUSING TRUMP OF ECHOING HITLER

House Ethics Committee exposes Santos

Rep. George Santos (R-N.Y.) announced Thursday he will not seek reelection for a second term in 2024 after the House Ethics Committee released a report saying that there is evidence he broke federal law. The HEC unanimously approved a report concluding that there is "substantial evidence" that Santos knowingly caused his campaign to file false or incomplete reports with the Federal Election Commission, used campaign funds for personal purposes, and other violations.

SEE THE HEC'S CONCLUSIONS ABOUT SANTOS' BEHAVIOR

Extra point

How many members of Congress have been expelled from the House and Senate? Who was the last leader to be removed from office?

Thursday's answer: Joe Manchin was sworn into the Senate to replace Robert C. Byrd in 2010, after serving as the governor of West Virginia.

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