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NORTH CAROLINA CENTRAL 131, VIRGINIA-LYNCHBURG 51MADRID (AP) — Spanish King Felipe VI used his traditional Christmas Eve speech to remember the victims of the catastrophic Valencia flash floods , and urged the country to remain calm while addressing hot-button issues such as immigration and housing affordability. In a pre-recorded speech that usually reviews the year’s most relevant issues, Felipe said Spain “must never forget the pain and sadness” the floods caused. The Oct. 29 floods killed more than 225 people in eastern Spain, damaging countless homes and leaving graveyards of cars piled on top of each other. In some towns, the heavy downpours that caused the floods dropped as much as a year’s worth of rain in just eight hours. In early November, as Spaniards’ shock at the wreckage turned into frustration, a political blame game began, directed especially at regional authorities who failed to send timely emergency alerts to cell phones on the day of the floods. The frustration of residents in hard-hit Paiporta near Valencia was on display when people tossed mud and shouted insults at the king and government officials in early November when they made their first visit to the town. RELATED COVERAGE California residents on edge as high surf and flooding threats persist on Christmas Eve As flooding becomes a yearly disaster in South Sudan, thousands survive on the edge of a canal Flood gates are dropped from a plan to protect the Jersey Shore’s back bays from catastrophic storms “We have seen — and understood — the frustration, the pain, the impatience, the demands for greater and more effective coordination,” Felipe said about how the disaster was managed. He also addressed the country’s housing crunch and high rents, which have become a leading concern in the southern European country that is the eurozone’s fourth-largest economy. Fast-rising rents are especially acute in cities like Barcelona and Madrid, where incomes have failed to keep up, especially for younger people in a country with chronically high unemployment. Felipe urged that “all the actors involved reflect” and “listen to each other” so that they facilitate bringing access to housing under “affordable conditions.” Spain’s immigration debate should keep in mind the country’s European partners and immigrants’ countries of origin, Felipe said, warning that “the way in which we are able to address immigration ... will say a lot in the future about our principles and the quality of our democracy.” Felipe said Spain needed to remain calm in the public sphere, even in the face of a “sometimes thunderous” contest in its politics.

NoneDow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures with the November jobs report on tap. ( ), ( ) and ( ) were among the notable earnings reports Thursday night. The stock market rally saw modest losses Thursday after the S&P 500 and Nasdaq hit fresh all-time highs intraday. Small caps extended a pullback. Bitcoin topped $100,000 for the first time, but couldn't hold that level. It kept falling in late trading. Many crypto plays erased intraday gains, including ( ) and ( ) ( ) cleared short-term highs, offering fresh early entries. ( ) ( ), ( ) and ( ) were among stocks flashing buy signals. ( ) moved above a trading range to a new two-year high. A number of highly extended stocks became more so. Investors need a game plan for handling these "heat" stocks. Tesla stock is on the watchlist. Samsara stock is on the . Microsoft stock is on BlackRock was Thursday's . Confluent stock was Wednesday's pick. Dow Jones Futures Today Dow Jones futures edged lower vs. fair value. S&P 500 futures lost a fraction and Nasdaq 100 futures dipped 0.1%. Remember that overnight action in and elsewhere doesn't necessarily translate into actual trading in the next regular session. Bitcoin Bitcoin rose 0.2% to $99,137.34 as of 4 p.m. ET vs. 24 hours earlier. But the cryptocurrency came off early Thursday highs of $103,900 after topping the $100,000 level for the first time Wednesday night. It didn't stop there. Bitcoin slumped Thursday night to around $96,500 after briefly spiking down to $92,111. MicroStrategy stock, which jumped to 444.94 soon after the open, reversed to close down 4.8% to 386.40. MSTR stock is off 0.3% for the week but up nearly 513% so far in 2024. Coinbase stock backed off a record high of 349.49 to finish down 3.1% to 320.57. But COIN stock is up 8.2% for the week and 84% in 2024. Jobs Report The Labor Department will report the November jobs report at 8:30 a.m. ET. Economists expect nonfarm payrolls to rise by 200,000 after job growth cooled to just 12,000 in October due to hurricanes and strikes. That included a loss of 28,000 private jobs. The jobless rate should tick up to 4.2%, while the annual gain in average hourly earnings should edge down to 3.9%. Earnings Software makers DocuSign, GitLab, Samsara, ( ), ( ), Microsoft-backed cybersecurity IPO ( ) and ( ) reported Thursday night, along with ( ) and retailers ( ), ( ) and ( ). Rubrik, Asana, DocuSign, Ulta Beauty, Lululemon and GitLab stock were big winners overnight, with Veeva up as well. and UiPath tumbled. HPE and Victoria's Secret wavered around break-even. HP Enterprise had moved into a buy zone Thursday on an analyst upgrade just before earnings. Veeva stock also closed in a buy zone. GitLab closed modestly below a buy point. PATH stock was slightly extended from a bottoming base, but hitting resistance at the 200-day line. The other stocks were either extended from buy zones or lagging for months. Stock Market Rally The stock market rally faded into the close Thursday, but near record highs. The Dow Jones Industrial Average declined 0.55% in Thursday's . The S&P 500 index and Nasdaq composite retreated 0.2%. The small-cap Russell 2000 fell 1.25%. Leading stocks are generally faring well, with speculative stocks really coming on. Airline stocks jumped on bullish guidance from ( ) and ( ) However, after several big earnings winners on Wednesday, several software plays tumbled on results Thursday. Homebuilders continue to struggle, even with Treasury yields holding at their lowest levels in weeks. U.S. crude oil prices fell 0.35% to $68.30 a barrel. The 10-year Treasury yield was flat at 4.18%, again backing off morning highs. ETFs Among growth ETFs, the Innovator IBD 50 ETF ( ) dipped 0.2%. The iShares Expanded Tech-Software Sector ETF ( ) gave up 1.2%. Microsoft stock is a big component, with Samsara, GitLab, UiPath, Asana and DocuSign stock also in IGV. The VanEck Vectors Semiconductor ETF ( ) sank 1.7%, with Nvidia the dominant holding. ARK Innovation ETF ( ) declined 0.7% and ARK Genomics ETF ( ) slumped 3.6%. Tesla stock remains a major component across Ark Invest's ETFs. Cathie Wood also has built up a sizable stake in NVDA stock. SPDR S&P Metals & Mining ETF ( ) shed 0.7%. U.S. Global Jets ETF ( ) ascended 3.1%, with American Airlines and Southwest both big components. SPDR S&P Homebuilders ETF ( ) stepped down 1.5%. The Energy Select SPDR ETF ( ) rose 0.4%. The Health Care Select Sector SPDR Fund ( ) fell 1.1% and the Industrial Select Sector SPDR Fund ( ) lost 1.2%. The Financial Select SPDR ETF ( ) climbed 0.3%. Tesla Stock Tesla stock popped 3.2% to 369.49 on Thursday, clearing a recent range to hit a fresh two-year high. That could have offered an add-on entry for existing TSLA holders, but shares are significantly extended from key moving averages. On Thursday, Bank of America raised its TSLA price target to 400 from 350 in a highly bullish note. BofA is fully expecting Tesla robotaxis and the Optimus robot in the near future. What To Do Now The market rally had a relatively quiet day at or around record highs. "Heat" has definitely been working, with more speculative names running especially hot. If you own greatly extended stocks, a key question is when to sell. When stocks are more than 20%-30% above their 10-day moving averages, 100% over their 50-day lines or 200% above the 200-day, it may be prudent to bank some profits. A lot will depend on your conviction in the stock and your investing style. Some people are looking to hold for the big run, while others want to cash in. If you're going for home runs, you have to accept major drawdowns, with the risk that you'll eventually cut bait after giving up much of your gains. It doesn't have to be an all-or-nothing. Investors can take partial profits on the way up. That can give you the confidence to hold the remaining core position — and to be more willing to sell the remainder if the stock breaks hard. On the way down, investors can take profits on a major point loss or drop through the 10-day line, with other lines in the sand to draw you out. The key is to find a strategy that works for you. So have an exit strategy for those winners. Read every day to stay in sync with the market direction and leading stocks and sectors.'A real cesspool': Watchdogs aghast by CEOs trying to 'curry favor' with Trump

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SAN ANTONIO (AP) — Colorado secured what it said was record insurance coverage for quarterback Shedeur Sanders and Heisman Trophy winner Travis Hunter as the star duo opted to complete their college careers in the Alamo Bowl rather than sit out and prepare for the NFL draft. Read this article for free: Already have an account? To continue reading, please subscribe: * SAN ANTONIO (AP) — Colorado secured what it said was record insurance coverage for quarterback Shedeur Sanders and Heisman Trophy winner Travis Hunter as the star duo opted to complete their college careers in the Alamo Bowl rather than sit out and prepare for the NFL draft. Read unlimited articles for free today: Already have an account? SAN ANTONIO (AP) — Colorado secured what it said was record insurance coverage for quarterback Shedeur Sanders and Heisman Trophy winner Travis Hunter as the star duo opted to complete their college careers in the Alamo Bowl rather than sit out and prepare for the NFL draft. Colorado would not disclose the amount of insurance coverage each received, citing privacy laws. Coach Deion Sanders and athletic director Rick George both said it was the largest in college football history. “We happen to have two players that are probably going to be the first two picks of the NFL draft,” Sanders said Monday. “We all know who those two are and they have received, I think, the highest number of coverage that has ever been covered in college football. It far exceeds anyone that has ever played this game of college football.” While college programs maintain insurance policies for their athletes in case of injury, Colorado increased disability coverage for its entire roster in the Alamo Bowl. Sanders, the coach of the No. 20 Buffaloes, ensured his QB son and two-way star Hunter received larger policies since both are expected to be among the top 10 selections in the upcoming NFL draft. “It was his idea we should get disability insurance for our athletes for this game to ensure that they played and if there was some kind of injury that they would be well taken care of,” George said. “So, we worked together on that. We’re excited about it. We think it’s great that all our players are playing in the game. That’s what all bowl games should be like.” Colorado (9-3, No. 23 CFP) will face the 17th-ranked BYU Cougars (10-2, No. 17 CFP) in the Alamo Bowl on Saturday. While most teams are scrambling with starters opting out of bowl games this year to enter the transfer portal or NFL draft, the Buffaloes did not lose any player on their two-deep roster. “It’s more than what I got (when he played at Kansas State),” Colorado linebackers coach Andre’ Hart said. “They gave us a helmet and said pop this on your leg and get out there and play. For them to get that (increased insurance coverage), I just think it’s beneficial. To talk about where the game is, where it’s going and how leadership is taking care of the players, I thought that’s excellent.” Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Shedeur Sanders completed 337 of 454 passes for 3,926 yards and 35 touchdowns this season. Many scouting services have Sanders rated as the top quarterback in this year’s draft. Hunter received the Heisman Trophy as a two-way standout at cornerback and wide receiver. He had 92 receptions for 1,152 yards and 14 touchdowns and as a cornerback had four interceptions, broke up 11 passes and limited the opposition to 22 receptions on 688 defensive snaps. “They’ve taken care of us, everybody,” Colorado running back Micah Welch said. “It really means a lot to have every teammate up here. That’s a big thing. What I like about Coach Prime, they’re taking care of us.” ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football Advertisement AdvertisementBeamer calls streaking Gamecocks CFP-worthy

SAN ANTONIO (AP) — Colorado secured what it said was record insurance coverage for quarterback Shedeur Sanders and Heisman Trophy winner Travis Hunter as the star duo opted to complete their college careers in the Alamo Bowl rather than sit out and prepare for the NFL draft. Colorado would not disclose the amount of insurance coverage each received, citing privacy laws. Coach Deion Sanders and athletic director Rick George both said it was the largest in college football history. “We happen to have two players that are probably going to be the first two picks of the NFL draft,” Sanders said Monday. “We all know who those two are and they have received, I think, the highest number of coverage that has ever been covered in college football. It far exceeds anyone that has ever played this game of college football.” While college programs maintain insurance policies for their athletes in case of injury, Colorado increased disability coverage for its entire roster in the Alamo Bowl. Sanders, the coach of the No. 20 Buffaloes, ensured his QB son and two-way star Hunter received larger policies since both are expected to be among the top 10 selections in the upcoming NFL draft. “It was his idea we should get disability insurance for our athletes for this game to ensure that they played and if there was some kind of injury that they would be well taken care of,” George said. “So, we worked together on that. We’re excited about it. We think it’s great that all our players are playing in the game. That’s what all bowl games should be like.” RELATED COVERAGE Boise State’s legacy includes winning coaches and championship moments Hajj-Malik Williams throws 2 TDs passes to help No. 24 UNLV beat Cal 24-13 in the LA Bowl Mike Shula is back in the SEC at South Carolina after nearly two decades since Alabama fired him Colorado (9-3, No. 23 CFP) will face the 17th-ranked BYU Cougars (10-2, No. 17 CFP) in the Alamo Bowl on Saturday. While most teams are scrambling with starters opting out of bowl games this year to enter the transfer portal or NFL draft, the Buffaloes did not lose any player on their two-deep roster. “It’s more than what I got (when he played at Kansas State),” Colorado linebackers coach Andre’ Hart said. “They gave us a helmet and said pop this on your leg and get out there and play. For them to get that (increased insurance coverage), I just think it’s beneficial. To talk about where the game is, where it’s going and how leadership is taking care of the players, I thought that’s excellent.” Shedeur Sanders completed 337 of 454 passes for 3,926 yards and 35 touchdowns this season. Many scouting services have Sanders rated as the top quarterback in this year’s draft. Hunter received the Heisman Trophy as a two-way standout at cornerback and wide receiver. He had 92 receptions for 1,152 yards and 14 touchdowns and as a cornerback had four interceptions, broke up 11 passes and limited the opposition to 22 receptions on 688 defensive snaps. “They’ve taken care of us, everybody,” Colorado running back Micah Welch said. “It really means a lot to have every teammate up here. That’s a big thing. What I like about Coach Prime, they’re taking care of us.” ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football

Jeannette Neumann | (TNS) Bloomberg News The Nordstrom family is joining forces with a Mexican retailer to take its namesake department store private in an all-cash transaction valued at about $6.25 billion, including debt. Related Articles Business | New shoplifting data explains why they’re locking up the toothpaste Business | Biden will decide on US Steel acquisition after influential panel fails to reach consensus Business | For some FSA dollars, it’s use it or lose it at year’s end Business | Celebrate Hanukkah at these 3 events in Hampton Roads Business | Heavy travel day off to a rough start after American Airlines briefly grounds all flights The founding family is betting that the century-old retail chain will be more successful without the scrutiny and demands of the public market after shares in Nordstrom Inc. plunged 40% in the last five years. During the same period, the S&P 500 rose 84%. As part of the transaction, which is expected to close in the first half of 2025, the family and Mexican department-store chain El Puerto de Liverpool SAB will acquire all of the outstanding common shares of Nordstrom. The Nordstrom family will have a majority ownership stake in the company of 50.1%, with Liverpool owning 49.9%. Nordstrom common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold under the terms of the agreement, the company said Monday. That’s roughly in line with where shares were trading on Monday. Shares in Nordstrom fell as much as 1.3% on Monday in New York. The company’s stock was up 33% so far this year as of Friday’s close as reports of a take-private deal boosted the stock price. The board’s acceptance of the offer underscores Nordstrom’s decline from its peak and its subdued growth prospects. In 2018, the board rejected the family’s bid to take the company private at $50 per share as too low. Nordstrom’s annual revenue, including income from credit cards, peaked at $15.9 billion in the fiscal year ended February 2019. The company was hit hard by Covid-19 and has never returned to its pre-pandemic highs. Nordstrom is expected to report $14.9 billion in total revenue at the end of the current fiscal year, according to a Bloomberg survey of analysts. Other department-store chains in the U.S. have also struggled as shoppers pivot to online competitors such as Amazon.com Inc., or brand-specific stores such as Louis Vuitton. Executives at Macy’s Inc., for example, are shrinking the company’s store fleet to cut costs, while the owners of Saks Fifth Avenue bought Neiman Marcus Group earlier this year. During the past couple of years, investors had hoped that Nordstrom Rack, its off-price chain, could help buoy the company’s growth prospects and compensate for sluggish sales at the more upscale flagship chain. Shoppers flocked to competitors such as TJ Maxx, seeking deals as inflation soared post-pandemic. But Rack’s performance has been spotty. It stumbled when executives tweaked their strategy and stopped offering as many high-end fashion brands at a discount. Rack reversed course and sales have bounced back. Company executives have focused on opening more Rack stores in recent quarters, boosting revenue. In November, Nordstrom raised the lower end of its annual sales guidance after revenue was better than expected at Rack and the flagship chain. But the outlook is still weak, highlighting the attraction of going private: The company is forecasting that annual sales, including credit-card revenues, will be flat to up 1% versus last year. The take-private deal will be financed through a combination of rollover equity by the Nordstrom family and Liverpool, cash commitments by Liverpool, up to $450 million in borrowings under a new $1.2 billion ABL bank financing, and company cash on hand. The board also intends to pay a special dividend of up to 25 cents a share in cash contingent on the deal closing. The transaction must be approved by holders of two-thirds of the company’s common stock shareholders and the holders of a majority of the shares not owned by the Nordstrom family or Liverpool. Erik and Peter Nordstrom, who are members of the company’s board, recused themselves from the vote, which unanimously approved the transaction. “On behalf of my family, we look forward to working with our teams to ensure Nordstrom thrives long into the future,” said Erik Nordstrom, chief executive officer of Nordstrom. Liverpool, run by descendants of a French shareholder group that dates back more than a century, is one of Mexico’s most important department store chains, with an ornate flagship location in the capital’s historic center. The $7 billion publicly-traded company has ventured beyond Mexico in recent years, acquiring a stake in Latin American retail operator Unicomer in 2011 and attempting unsuccessfully to acquire control of Chile’s Ripley SA in 2015 before turning its eyes to the U.S. with the Nordstrom investment. Max David Michel, part of Liverpool’s founding family and one of the richest people in the country, retired as head of Liverpool’s board earlier this year. (Updates to include what stock is trading at versus the offer price.) ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC. 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NEW ORLEANS (AP) — Darren Rizzi would be an unconventional choice to take over the New Orleans Saints' head coaching job on a permanent basis. That doesn't mean it can't happen. The Saints (4-7) had been on a seven-game skid when Rizzi, the club's special teams coordinator, was promoted. They've since won two straight, and as the club entered its Week 12 bye, prominent players were already discussing their desire to continue improving Rizzi's resume. “He’s definitely had an impact on our football team,” quarterback Derek Carr said after New Orleans' 35-14 victory over Cleveland last weekend. “We want to keep winning so that maybe he gets a chance to be the coach here for a long time. “That’s what we want as players,” Carr continued. "Hopefully, we can continue to have success, keep winning and give him that opportunity.” Before the Saints' demoralizing defeat at Carolina precipitated the firing of third-year coach Dennis Allen , Rizzi had never been a head coach at the NFL or major college level. The north New Jersey native and former Rhode Island tight end got his first head coaching job at Division II New Haven in 1999. He also coached his alma mater in 2008 before moving to the NFL with Miami in 2009 as a special teams assistant. By 2010, he was the Dolphins' special teams coordinator and added the title of associate head coach in 2017 before ex-Saints coach Sean Payton lured him to New Orleans in 2019. A common thread shared by Payton and Rizzi is that both worked under Bill Parcells. Parcells — known best for winning two Super Bowls as coach of the New York Giants — was coaching the Dallas Cowboys when Payton was his offensive coordinator. Rizzi, who grew up a Giants fan during the Parcells era, got to know his childhood idol during his first couple years in Miami, where Parcells executive vice president of football operations. Since his promotion, Rizzi has spoken to both Payton and Parcells. And he has begun to employ motivational techniques reminiscent of Payton, who left New Orleans in 2022 as the franchise leader in wins (152 in the regular season and nine in the postseason — including New Orleans' lone Super Bowl triumph). Payton as a big believer of symbolic imagery and motivational props, from baseball bats distributed before contests that were expected to be especially physical to gas cans left in the lockers of aging veterans whose performance was key to the club's success. Rizzi, who describes himself as a “blue collar” guy, has his own spin on such things. He began his tenure by asking players to accept individual responsibility for the metaphorical hole the team had dug itself and asked them all to embrace the idea of filling it up — one shovelful at a time. He even has brought a shovel — as well as a hammer, tape measure, level and other construction tools — to team meetings to help make his points. Saints tight end Taysom Hill, who also plays on special teams, has gotten to know Rizzi well during a half-decade of working together. Hill doesn't sound surprised to see Rizzi's combination of work ethic, enthusiasm and personal touch resonating across the entire team now. He also made a lot of changes , from weekly schedule adjustments to reconfiguring players' lockers by position. “He has a really good pulse on what we need collectively as a team to get ready for a football game," said Hill, who scored three touchdowns and accounted for 248 yards as a runner, receiver, passer and returner against Cleveland. “Guys have responded to that.” Because Rizzi's first victory came over the first-place Atlanta Falcons , and because the Falcons lost again last week, the Saints now trail Atlanta by just two games with six to play. Suddenly, the idea of the Saints playing meaningful football down the stretch is not so far-fetched. “We’re starting to get our swag back, and that makes me happy,” Rizzi said. ”We’re going to have some downtime now to kind of press the reset button again and see if we can make a push here." When the Saints return to action at home against the Los Angeles Rams on Dec 1, they'll do so with a level of momentum and positivity that seemed to steadily drain out of the club between their first loss of the season in Week 3 through the six straight setbacks that followed. While Saints players have tended to blame themselves for Allen's demise, they've been quick to credit Rizzi for the turnaround. “He’s pointed us and steered the ship in the right direction,” Carr said. “Hopefully, we can just keep executing at a high level for him, because we love him.” AP NFL: https://apnews.com/hub/nfl

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollarThe Titans have issues to fix and hope to keep slim playoff hopes alive when they host the Jags