US: Thanksgiving Exchange Schedules

• Two key election analysts have upgraded the Republican midterm advantage.
• Former President Barack Obama will this week depart on a whirlwind tour to boost vulnerable Democrats lawmakers.
• The National Republican Senatorial Committee is recommitting funds to Don Bolduc just days after Senate Minority Leader Mitch McConnell (R-KY) announced his Senate Leadership Fund was exiting the New Hampshire Senate race.
• A debate between Lt Gov John Fetterman (D-PA) and Trump-endorsed celebrity heart surgeon Mehmet Oz did little to significantly boost either candidate in the “tossup” Pennsylvania Senate race.
• Reps. Elise Stefanik (R-NY) and Mike Gallagher (R-WI) have introduced a bill to counter the influence of malign foreign actors on US telecommunication infrastructure.
• The US State Department believes that North Korea could conduct a nuclear test “at any point.”
• A readout from the US-Israeli Joint Political-Military Group appears to suggest that the US and Israel are planning to pursue a military solution to the Iranian nuclear threat.
• Poll of the Day: The crucial Nevada Senate race may be decided by Latino voters.

FI support continues as softer data cools expectations of more hawkish year end policy expectations. Appears to have been some selling late overnight after UK officials anncd medium-term fiscal plan delay to Nov 17.

• Upcoming data at 0830ET:
  • Advance Goods Trade Balance (-$87.3B, -$87.5B)
  • Wholesale Inventories MoM (1.3%, 1.0%)
  • Retail Inventories MoM (1.4%, 1.2%) followed by
  • New Home Sales (685K, 580K); MoM (28.8%, -15.3%) at 1000ET
• US Tsy auctions kick off at 1130ET w/ US Tsy $33B 17W bills and $24B 2Y FRN Note auction (91282CFS5) followed by US Tsy $43B 5Y Note auction (91282CFU0) at 1300ET.
• Q3 equity earnings continue after the close: Ford (F): $0.306 est; Caterpillar (CAT): $3.178 est; Olin Corp (OLN) $1.791 est; Raymond James (RJF): $2.056 est; META: $1.885 est