Wednesday Evening Links

[AP] Wildfires burn out of control across Los Angeles area and kill 5 as thousands flee homes

[Yahoo/Bloomberg] Los Angeles Fires to Top $50 Billion in Damage, AccuWeather Says

[Yahoo/Bloomberg] Wall Street Braces for Jobs Jolt as Stocks Churn: Markets Wrap

[Yahoo/Reuters] Rising Treasury yields prompt more US corporate bond issuance

[Yahoo/Bloomberg] US Consumer Borrowing Drops on Plunge in Credit-Card Balances

[Yahoo/Bloomberg] Fed Minutes Show Officials Were Eager to Slow Interest-Rate Cuts

[Yahoo Finance] Fed officials fretted about 'likely effects' of Trump trade and immigration policies

[AP] Longshoremen reach tentative agreement with ports, shippers, averting a potential strike

[Bloomberg] Los Angeles Fires Become Existential Test for California’s Stopgap Insurer

[Bloomberg] The LA Fires Are Only the First Act in This Tragedy

[WSJ] Wildfires Intensify Pivotal Moment for Insurance Industry

[WSJ] The Pacific Palisades Is Home to the Rich and Famous. Now They’re Being Forced to Flee.

Wednesday Afternoon Links

[AP] Los Angeles wildfires live updates: 2 people killed and over 1,000 structures destroyed, per LA fire chief

[Yahoo/Bloomberg] Stocks Get Some Relief After Strong Treasury Sale: Markets Wrap

[Yahoo/Reuters] Treasury yield surge reflects expectations of more long-term debt

[Yahoo/Reuters] Oil Falls as Technicals Cap Rally Driven by Tighter Supplies

[Yahoo/Bloomberg] Treasury Market Gets First 5% Yield in Sign of What Could Come

[AP] Federal Reserve officials at December meeting expected slower pace of rate cuts ahead

[WSJ] Fed Minutes Suggest Officials Will Hold Rates Steady for Now

[FT] Federal Reserve officials saw need for ‘careful approach’ to future rate cuts

[FT] Has the bond market turned against Rachel Reeves?