Sunday's News Links

[AP] Japan’s governing coalition likely to lose upper house election, exit polls show

[Reuters] Japan PM laments 'harsh' election result as upper house control slips

[Reuters] Wall St Week Ahead Industrial sector's gains to be tested as earnings ramp up

[Yahoo/Bloomberg] ‘Priced for Perfection’: Tariffs Loom Over Richly Valued Stocks

[AP] Less selection, higher prices: How tariffs are shaping the holiday shopping season

[Axios] U.S. still looking at 10% baseline tariff, not higher, Lutnick says

[Yahoo/Fortune] Powell once said he couldn’t imagine leaving the Fed early—other than dying. ‘You will not see me getting in the lifeboat’

[Bloomberg] EU to Prepare Retaliation Plan as US Trade Stance Seen to Harden

[Bloomberg] Junk Bond Investors Pile Into the Riskiest Debt: Credit Weekly

[Bloomberg] Why the Federal Reserve’s Building Renovation Costs $2.5 Billion

[NYT] Wall Street Wants to Make Private Markets a Little More Public

[WSJ] Firing Powell Would Shatter the Economy’s Inflation Defenses

[WSJ] How Bessent Made the Case to Trump Against Firing Fed Chair Powell

[WSJ] Chinese Rare-Earth Magnet Exports Surge After U.S. Trade Truce

[FT] Japan’s ruling coalition braces for losses after downbeat exit poll