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Good morning. US stock futures inched higher in Tuesday morning trading as investors looked ahead to the latest US inflation print.

🏡 Homebuying demographics changing face

📝 Our report: The average American homebuyer is like a cash-wielding superhero this year, and guess what? She's rocking the single life! According to the annual Profile of Home Buyers and Sellers report from the National Association of Realtors, the average homebuyer in 2023 earns more money, is likely to pay cash and is most likely a single woman. 

 🔑 Key points:

• Facing limited home inventory, rising prices and high mortgage rates, house hunters were forced to increase their down payment: For first-time buyers, it reached 8% of the total price, the highest rate since 1997.

• The average homebuyer’s income jumped to $107,000 in 2023 from $88,000 a year earlier.

• Buyers are also getting older, at 35 for a first house compared with 29 in the early 1980s, the report found.

💡 So what: Housing prices have skyrocketed along with sharp rises in interest rates over the past 18 months. The implications of higher prices means that only the upper echelon of income earners could even be considered as potential home purchasers which further skews the market and makes it difficult for those of lesser income to find affordable housing.

Tuesday - US Consumer Price Index, Fed Vice Chair Jefferson Speaks

Wednesday - New York Fed President John Williams Speaks

Thursday - Initial Jobless Claims (wk end Nov 10th), Philadelphia Fed Manufacturing Survey, Fed Governor Waller Speaks

Friday - No Major Economic News

 💸 Here are 5 tips you can learn about investing from Nassim Nicholas Taleb

💰 Millionaires say they’re “middle class”

📉 Retailers offer deep discounts as holiday season picks up!

📱 US to free up more wireless spectrum

WHAT: President Joe Biden's administration is giving the wireless world a makeover by unleashing more spectrum as advancing technology needs continue to demand greater wireless capacity. The White House said it was releasing a National Spectrum Strategy and a presidential memorandum to modernize U.S. spectrum policy that "includes new actions to improve spectrum management and spectrum access”

WHY: Demand for spectrum use is soaring as are planned new uses like connected vehicles that can communicate with the internet, other vehicles and additional sources. Mobile U.S. wireless data traffic rose 38% in 2022.

🥤 Pepsi on track to surpass Coke’s market value

WHAT: Pepsi is gearing up for a fizzy victory dance as it eyes the title of the biggest U.S. beverage company by market value. Wall Street analysts at Jefferies, Cowen and Goldman Sachs are calling Pepsi the sectors “most durable business” and projecting a 20% increase in the company’s share price through 2024, putting its market cap ahead of Coca-Cola.

WHY: Coca-Cola has long held down the top spot in part due to its strong brand portfolio and record of sales growth.

🚫 Another day, another TikTok ban

WHAT: Nepal's government just dropped the hammer on TikTok, declaring it a "disruptor of social harmony." “The government has decided to ban TikTok as it was necessary to regulate the use of the social media platform that was disrupting social harmony, goodwill and flow of indecent materials,” Nepal’s Foreign Minister Narayan Prakash Saud said.

WHY: Countries including the United States, Britain and New Zealand have banned the app on government phones despite TikTok repeatedly denying that it has ever shared data with the Chinese government and would not do so if asked.

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