Good afternoon.
Markets slide, U.S. economy adds 263,000 jobs in November, and Bernie Madoff's lawyer tells Sam Bankman-Fried to "shut up."
Let's dive in.
Markets
Here are today's market moves:
What's Happening
U.S. stocks fell on Friday after the release of the November jobs report.
The U.S. economy added 263,000 jobs in November, more than the 200,000 expected on Wall Street:
Good news for the economy is bad news for markets. A strong jobs report suggests the Fed will have to keep interest rates high for longer.
The crypto market was little changed on Friday, with Bitcoin trading near $17,000. The world's largest crypto fell 16.2% in November.
Catch Up
The stock market has risen 73% of all Decembers since 1928 and gained 1.4% on average.
The lawyer who represented Bernie Madoff says Sam Bankman-Fried should listen to his lawyers and "shut up."
Gas prices are down below $3.50 per gallon, lower than when Putin invaded Ukraine.