Notes Today:

• Sydney CBD surpassed 40 degrees Celsius (104 F) on Saturday while swathes of western New South Wales, South Australia and northern Victoria baked through even higher temperatures nearing 45 degrees. 

• Reuters: With just five weeks left until the United Kingdom finally exits the EU’s orbit on Dec. 31, both sides are calling on the other to compromise on the three main issues of contention - fishing, state aid and how to resolve any future disputes. 

• Mexico’s GDP rose 12.1% QoQ - the best going back to 1990

• Profits at Chinese industrial firms surged 28.2% YoY in October to 642.91 billion-yuan ($97.79 billion), National Bureau of Statistics (NBS) data showed on Friday, after rising 10.1% in September versus the previous year.

• China's unofficial restrictions on coal imports from Australia are having more than just an impact on miners down under, it's hurting steel producers in China and helping those elsewhere.
  

• An Iranian scientist was killed in an ambush near Tehran on Friday that could provoke confrontation between Iran and its foes in the last weeks of  Trump's presidency.

The euro was the most used currency for global payments last month, the first time it has outpaced the dollar since February 2013.

The US is losing its $ dominance.

And while the China Containerized Freight Index is chugging right along and making new highs -            the Baltic Dry Index continues to struggle.

 Quick Overview is up to date

Solar Flux Hits New High & Big Flares Possible Now | Space Weather News 11.26.2020

Tamitha  Skov: For all my Forecast Shortie Patrons, here is my full Space Weather News forecast a full 12 hours before anyone else gets access! This week we see a fundamental change in our star as solar flux skyrockets and surpasses 100 for the first time in several years! If any of you have seen my lectures on how Solar Cycle 25 will ramp up then you know this is exactly what we expect when we cross the terminator into the new cycle. Expect solar flux to continue to climb and activity to increase over the coming months. If anyone has been doubting the arrival of Cycle 25, doubt no more! On top of the solar flux increase, we also have multiple solar storms, including the first full-halo eruption of this new cycle. Although this is a far-sided eruption and not earth-directed, it does signal that the Sun is launching powerful solar storms again! we will keep our eye on this region as it rotates into view. Add to this the fast solar wind that brought us to G1-storm levels and might still cause aurora to dip into mid-latitudes this week, and it feels like we are definitely climbing out of solar minimum and on our way to a more vibrant Sun! 

As always, I am including the You Tube description and 5-day outlooks below. 

Sugar (USDA): Global production for Marketing Year (MY) 2020/21 is estimated up 16 million metric tons raw value (tons) to 182 million, with Brazil expected to account for three-fourths of the surge. Consumption is expected to rise due to growth in markets such as India, China, Indonesia, and Iran and is estimated to draw stocks lower despite a rebound in output. Exports are expected to be up sharply with rising supplies (particularly in Brazil).

Bloomberg: China is set to impose anti-dumping duties of more than 100% on Australian wine from this weekend, following a series of sweeping trade reprisals this year and further escalating tensions with Canberra.

AORD,  Australian Dollar and Treasury Wines below.

Originalism,  "promoting the general welfare" - at work. With Barrett's help, the US Supreme Court has blocked coronavirus restrictions imposed on religious services in New York state, backing Christian and Jewish houses of worship in infection hot spots. And Barrett said that her faith would not enter into her decisions - well, so much for that statement!

Average NY New Cases Yesterday 3,755

Average NY New Cases 1 Months Ago 1,397

Doubling in less than a month - looks like an exponential increase to me..