TLDR

MARKET RECAP → Stocks rose on Friday, with all three major indexes recording their first weekly advance of the year.

TRUMP AND CHINA'S XI DISCUSS TIKTOK, TRADE, FENTANYL, PRESIDENT-ELECT SAYS → President-elect Trump and President Xi Jinping discussed trade, fentanyl, and TikTok, highlighting mutual goals for U.S.-China relations and global safety. Xi expressed optimism, while Trump faces the challenge of enforcing the impending TikTok ban amid its role in his campaign. 📞

FLIGHTS DIVERTED AFTER SPACEX ROCKET MISHAP → SpaceX’s Starship rocket breakup prompted FAA warnings of falling debris, causing flight diversions and delays, particularly in Caribbean airspace. Airlines like JetBlue, Delta, and American rerouted multiple flights, though no injuries or damage were reported. SpaceX is investigating the failure to understand its root cause. 🚀

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TODAY’S TOP NEWS

Trump And China's Xi Discuss TikTok, Trade, Fentanyl, President-Elect Says

📞 Talks Touched On Key Issues: President-elect Trump and Chinese President Xi Jinping discussed major topics, including trade imbalances, the fentanyl crisis, and the looming U.S. ban on TikTok. Trump emphasized collaboration to address global challenges and make the world “more peaceful and safe.”

🎥 TikTok Ban Looms: The Supreme Court upheld a federal law banning TikTok in the U.S., effective Sunday. Trump, who credited TikTok for aiding his campaign victory, faces uncertainty on how to handle the app’s role post-ban.

🌐 Focus On U.S.-China Relations: Both leaders expressed optimism about improving ties, with Xi highlighting progress. Their conversation underlines potential shifts in trade policies and cooperative efforts moving forward.

TODAY’S TOP NEWS

Flights Diverted as SpaceX Rocket Debris Causes Chaos

🚀 Starship's Trouble in the Skies: SpaceX’s Starship rocket broke up during its seventh flight test, prompting the FAA to issue a warning about falling debris. Flights were delayed or diverted as the debris created hazardous conditions, with the FAA briefly altering air traffic near the affected zone.

✈️ Airlines Adjust Mid-Flight: Several flights, including those by JetBlue, Spirit Airlines, and Delta Air Lines, diverted from their original paths. An American Airlines spokesperson confirmed fewer than 10 diversions, while Delta rerouted four flights due to safety warnings around the Caribbean.

📊 Minimal Damage, Ongoing Investigation: Despite the disruptions, no injuries or property damage were reported. SpaceX stated it is reviewing data to understand the root cause of the mishap, while aviation authorities manage the airspace fallout.

This incident highlights the growing complexity of airspace shared between commercial aviation and space launches.

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