Updated throughout the day
November 25, 2015
U.S. markets are little changed Wednesday morning, the day before Thanksgiving. Tensions between NATO and Russia are rising after Turkey shot down a Russian plane near the Syrian border. Oil prices reversed about half of their gains from Tuesday as supply concerns re-emerged. And it’s data dump Wednesday: Weekly jobless claims came in at 260,000, just under the 270,000 estimate. Durable good orders surprised, rising 3% in October after declines in August and September. October U.S. personal spending rose 0.1 percent and personal income rose 0.4 percent.
Here’s what else you need to know:
Chicago officials urge calm after police-shooting video released. A city police officer was charged with first-degree murder Tuesday in the fatal shooting in 2014 of a black teenager, and hours later officials released a graphic video showing the white officer repeatedly firing at the 17-year-old. Wall Street Journal (paywall)
Schools, some metro stations re-open in Brussels after four days of lock down. But the country remains in a state of high alert as terrorism threats remain. BBC
China’s securities body uncovers $166B error on CITIC accounts. The country’s biggest broker had overstated its derivative business by $166 billion from April to September. Citic said the error was due to a system upgrade and has been corrected. BBC
Calpers coughs up $3.4B in private equity fees. The largest U.S. pension fund revealed the payments — which date back to 1990 — as part of its most significant disclosure to date. Wall Street Journal (paywall)
Europe shrugs off geopolitical tensions. European stocks are firm following a mostly soft Asia-Pacific session as traders shrug off heightened geopolitical tensions following the downing of a Russian jet fighter by Turkey. Financial Times (paywall)
Militants storm India Kashmir army camp. An Indian soldier has been killed in a gun battle at an army camp in India-controlled Kashmir after three militants forced their way in. BBC
Kim Jong Un sends top aide to re-education camp. The North Korean leader has apparently removed one of his top aides from office and sent him to a rural farm for re-education, according to a report by South Korea’s spy agency. Nikkei
Russian marine killed in pilot rescue bid. The soldier was killed during a helicopter mission to rescue the crew of a jet downed by Turkey near the Syrian border on Tuesday. He died when his helicopter came under fire from rebels in northern Syria, where the plane crashed. BBC
Chinese consumer confidence rebounds. The Westpac MNI China Consumer Sentiment indicator clocked in at 113.1 for November. Its previous reading was 109.7, a record low for the indicator. Financial Times (paywall)
You won’t believe this:
Facebook name discrimination claim turns out to be hoax. A “Vietnamese Australian” who claimed on Facebook that he was being discriminated against because of his name – Phuc Dat Bich – has admitted it was a hoax after his post went viral. His mea culpa was signed… Joe Carr. The Guardian
Naked Australian arrested for burger theft. Police say a man from the town of Derby stole a Hungry Jack’s Whopper from a tradesman sitting in his car eating the burger — which a friend had sent from 1,055 miles away. The sated thief then stripped off his clothes and walked away. Nobody knows why. BBC
Photo: Puparrazi PhotographY