The Wrap-Up for Monday November 24

Economic Outlook - Treasury Secretary Scott Besson does not forecast a recession for next year, although he acknowledges some weak spots in growth [1] - The housing sector is struggling, and interest rate-sensitive sectors are currently in a recession [2] - Besson expresses optimism for economic growth in 2026 [2] Air Travel Industry - US Airlines are predicting a record-breaking Thanksgiving holiday travel period, following the end of the government shutdown [3] - An estimated 31 million people are expected to fly between the past Friday and next Monday, with the busiest day anticipated to be the Sunday after Thanksgiving, when 3.4 million people are expected to travel [4] Corporate Developments - The FBI is investigating a recent hack targeting the banking sector, specifically companies like AMC, which serves major clients including JP Morgan, Citigroup, and Morgan Stanley [4][5] - Anglo-American has rejected BHP's latest takeover offer in favor of a rival tech proposal that would create a nearly $60 billion copper giant, marking BHP's second bid attempt [5] - Kohl's is set to name interim CEO Michael Bender as its permanent CEO after interviewing several candidates; Bender has been with the company since 2019 [6] Entertainment Industry - Universal's "Wicked for Good" has generated an estimated $150 million at the domestic box office during its opening weekend, making it the second highest opening weekend of the year, just behind the Minecraft movie [7]