The Morning Dispatch: Make-Believe Medicare Math

Happy Monday morning! We hope you’re reading this newsletter while basking in all that extra morning sunlight we traded for this weekend, because for the next three months you’ll need a flashlight to eat dinner.

Quick Hits: What You Need to Know

• The economy added 128,000 jobs in October, driving the S&P 500 to all-time highs. Manufacturing activity, however, contracted for the third straight month.

• Beto O’Rourke dropped out of the 2020 Democratic presidential race, telling supporters his “campaign does not have the means to move forward successfully.”

• The California wildfires that have raged for days and forced mass evacuations are largely under control, per the Ventura County Fire Department.