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.