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• U.S. stocks end lower after S&P 500 and Nasdaq hit records last week
  U.S. stocks ended lower on Monday, after the S&P 500 and Nasdaq Composite ended last...

  U.S. stocks ended lower on Monday, after the S&P 500 and Nasdaq Composite ended last week at records and as investors await consumer-price index data to be released on Wednesday — which may be the last wild card that could upset expectations for a Federal Reserve interest-rate cut in December.

  
  

  According to preliminary closing data from FactSet, the Dow Jones Industrial Average ended down 0.5%.

  
  

  The S&P 500 closed 0.6% lower.

  
  

  The Nasdaq Composite finished 0.6% lower.

  
  
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• College football’s first 12-team playoff field was unveiled
  And of course, not everybody was happy when they saw the ...
  And of course, not everybody was happy when they saw the bracket. The committee awarded the final spot to SMU, who finished the season at 11-2 following a close loss to Clemson in the ACC title game. Alabama was the first team out after posting a 9-3 record against a more difficult schedule than SMU. Top four seeds Oregon, Georgia, Boise State, and Arizona State earned byes to the second round. First-round matchups will take place on Dec. 20–21 at the home stadiums of the higher-seeded teams. The schools are all competing for a $115 million prize pool, with the finalists collecting $20 million apiece.
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• Energy Transfer Reaches FID on 2.2 Bcf/d Permian Pipeline Project
  Energy Transfer (ET) reached a long-expected final investment decision...
  Energy Transfer (ET) reached a long-expected final investment decision (FID) on a new natural gas pipeline project near Fort Worth, Texas. The project will eventually deliver 2.2 Bcf/d to growing markets connected to the company’s network.
  
  Energy Transfer announced the FID on Dec. 6, though speculation that a decision was imminent had been building for months.
  
  Energy Transfer plans to build the line in two phases. The first phase will include a 400-mile 42-inch pipeline with a capacity of 1.5 Bcf/d from Waha Hub to Maypearl, Texas, south of Dallas and Fort Worth. It will connect to Energy Transfer’s existing pipeline and storage infrastructure there.
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• Inflation report will help Fed plot its roadmap
  Last week’s solid jobs report ramped up expectations that the Fed would...
  Last week’s solid jobs report ramped up expectations that the Fed would cut rates at its meeting next week, and Wednesday’s inflation report could put a ring on it. However, if the consumer price index report comes in hotter than expected—Reuters is predicting that prices rose 2.7% in the past year, still above normal levels—the Fed could signal a slower path of rate cuts in 2025. An inflation surprise to the upside could also test the stock market’s rally.
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• ☕️What Else is Brewing Monday Morning
  The Simpsons take the field during MNF: For...
  The Simpsons take the field during MNF: For the second year, the NFL and Disney will broadcast an animated version of a Monday Night Football game in real time. The Cowboys and Bengals will be available on ESPN+ and Disney+ with players being represented as cartoon doppelgangers from The Simpsons, similar to the Toy Story game between the Jaguars and Falcons last year. Homer and Bart will take the field, Marge and Lisa will interview players, and Maggie will fly the SkyCam as the NFL attempts to leverage technology to make a game between two sub-.500 teams seem more interesting.
  
  South Korean President Yoon Suk Yeol, who briefly declared martial law before lifting it last week, avoided impeachment by eight votes on Saturday. But the turmoil is only growing: Prosecutors have begun investigating Yoon for treason and abuse of power.
  
  Moana 2 recorded another blowout weekend at the box office—and has now brought in $600 million globally.
  
  Ruby slippers worn by Judy Garland in The Wizard of Oz, which had been stolen from a museum in 2005, sold for a record $28 million at auction. They were expected to sell for $3 million.
  
  Chicago’s elite are losing loads of money on their luxury real estate.
  
  Five things you may not have known about Notre Dame following its reopening this past weekend.
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