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Here's your morning brief for Monday, December 1st. I'm Daniel Bach for the Wall Street Journal.

US Special Envoy Steve Whitkoff and President Trump's son-in-law, Jared Kushner,

are heading to Moscow later today as talks to end the war in Ukraine continue to ramp up.

Both men met with Ukrainian negotiators in Florida yesterday, alongside Secretary of State Marco Rubio,

in a meeting both sides called productive.

A senior official said the talks covered possible

timetables for new elections in Ukraine and the prospect of land swaps between Ukraine and Russia.

Still, a number of critical issues remain unresolved, including the nature of security guarantees

for Ukraine and whether the Kremlin will continue to demand international recognition

of the territories it seized. A post- Thanksgiving market hangover is continuing into a new month,

with U.S. stock futures and global markets down this morning as investors shift away from

risky assets. Comments from Japan's central bank governor that interest rates could rise later

this month saw stocks and bond prices fall in Japan, while Bitcoin fell to a one-week low hurting shares

of Coinbase, Robin Hood, and strategy. The gloomy mood extends a stretch of volatility for global

markets, which have been choppy since fears of an AI bubble set in this fall.

After rising on Black Friday, the SMP 500 managed to eke out a small gain for November, its seventh consecutive winning month.

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