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Good morning from the Financial Times. Today's Friday, December 1st, and this is your

F.T. news briefing. Russian oil sanctions could be here to stay, and the F.T.'s Nicholas Maga explains how investors are using

artificial intelligence to decode what CEOs are saying during earnings calls.

Plus markets are banking on interest rate cuts sooner rather than later.

You know, yes, interest rate cuts might sound fantastic, but really deep processions

don't sound super fantastic. I'm Mark Filipino and here's the news you need to start your day.

The US wants to cut your day.

The US wants to cut Russia's oil and gas revenues in half by the end of the decade.

That's what top U.S. energy diplomat Jeffrey Piet told the F.T.

Piette said the West should keep sanctions in place for a lot longer.

That would theoretically make it harder for Russia to invade another one of its neighbors.

Now even with the sanctions, Russia is still exporting a lot of oil.

It's been able to get around a Western price cap. But the International Energy

Agency says if the West keeps up its sanctions, Puyat's goal could be a reality.

Markets have been pretty volatile this year. Equities around the world have been up and down and

government bonds, especially in the US, have taken a real beating. But when the calendar turned to November,

everything changed.

The S&P 500 ended last month,

nearly 9% higher,

and U.S. Treasury's had their best month

...