- Jimmy Fallon & Meghan Trainor – Wrap Me Up Jimmy Kimmel Live
- Watch Jimmy Fallon and Meghan Trainor Perform Christmas Single ‘Wrap Me Up’ on ‘Kimmel’ Rolling Stone
- Jimmy Fallon performs his new Christmas song with Meghan Trainor on… ‘Jimmy Kimmel Live’!? Yahoo Entertainment
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News Wrap: Russia hits Ukraine’s cities with deadly missiles – PBS NewsHour
- News Wrap: Russia hits Ukraine’s cities with deadly missiles PBS NewsHour
- Russia launches air strike on Kyiv, city official says attack repelled | Russia-Ukraine War | WION WION
- Ukraine accuses Russia of misinformation over failed offensive announcement NBC News
- Ukraine war latest: Counteroffensive ‘has begun’ from Russian sources – as US officials say ‘defences more fragile than thought’ Sky News
- Watch NBC Nightly News with Lester Holt Excerpt: Ukraine accuses Russia of misinformation over failed offensive announcement NBC Insider
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Bar Council Urges Supreme Court Not To Hear Same-Sex Marriage Case & Other Headlines | News Wrap – Hindustan Times
- Bar Council Urges Supreme Court Not To Hear Same-Sex Marriage Case & Other Headlines | News Wrap Hindustan Times
- Same Sex Marriage | Supreme Court | VHP Releases A Statement Opposing Same-sex Marriage | News18 CNN-News18
- ‘Lost your minds?’: Mahua slams BCI for opposing same-sex marriage case in SC Hindustan Times
- Parliament didn’t protect LGBTQ+ rights, so courts must step in Times of India
- Gay Rights Activist Mohnish Malhotra Slams BCI Over Resolution Opposing Same-Sex Marriages The Indian Express
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Day 3: Opening statements for Daybell trial set for Monday as jury selection begins to wrap up – East Idaho News
- Day 3: Opening statements for Daybell trial set for Monday as jury selection begins to wrap up East Idaho News
- Lori Vallow jury selection moving along, opening statements still unclear KTVB
- Lori Vallow trial: What to know about ‘cult mom’ accused of killing 2 kids, husband’s ex-wife Fox News
- LIVE UPDATES: Jury selection continues in Vallow Daybell trial, opening arguments could begin this week East Idaho News
- A doomsday cult, five mystery deaths and children buried in a pet cemetery: ‘Cult mom’ Lori Vallow faces trial The Independent
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European Stocks Rise as US Futures Signal Caution: Markets Wrap
(Bloomberg) — A gauge of global equities was little changed after its best start to a year in a generation as investors assessed whether the rally has gone too far given the outlook for inflation, growth and earnings. European stocks rose.
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The MSCI ACWI Index slipped for the first time in seven days after posting the biggest advance for the first two weeks in data going back to 1988. Futures on the S&P 500 and Nasdaq 100 indexes fell at least 0.2% each. The dollar snapped a three-day losing streak. US spot markets were closed for a holiday. Bond yields across Europe climbed.
While inflation in the US appears to have peaked, aggressive policy tightening by the Federal Reserve and other central banks risks pushing the global economy into a recession that could hurt corporate profits. The World Bank last week added to the gloomy outlook, warning of “one of the sharpest slowdowns we have seen in the past five decades.”
“The fear of missing out currently represents a key driver for equities,” Credit Agricole CIB strategists led by Jean-François Paren wrote in a note. “The market is getting a bit ahead of itself right now.”
Earnings will be a key catalyst moving forward as traders assess whether companies were able to navigate headwinds including higher interest rates. The busy week will also be punctuated by corporate earnings, including Wall Street heavyweights Goldman Sachs Group Inc. and Morgan Stanley.
A host of Fed officials will be speaking this week, providing more clues for investors. The World Economic Forum’s annual meeting kicks off in Davos, Switzerland, with speakers there including European Central Bank President Christine Lagarde and the International Monetary Fund’s Kristalina Georgieva.
Meanwhile, Japanese markets continued to be driven by speculation of a shift in monetary policy, with the Topix index trading lower as the yen’s rebound weighed on exporters.
Investors are on guard for another surprise from the Bank of Japan when it sets policy on Wednesday. The yen strengthened to levels last seen in May and Japan’s benchmark 10-year bond yield pushed above the top of the BOJ’s ceiling for a second day.
Bitcoin slipped below $21,000 following a rebound over the weekend, when it surged amid optimism that it may have bottomed.
Elsewhere in markets, iron ore tumbled after China pledged to tighten supervision on pricing after the metal’s surge in recent months. Oil and gold fell.
Key events this week:
-
Earnings this week are scheduled to include: Charles Schwab, Discover Financial, Goldman Sachs, HDFC Bank, Interactive Brokers, Investor AB, Morgan Stanley, Netflix, Procter & Gamble, Prologis, State Street
-
World Economic Forum’s kicks off in Davos, Monday
-
US markets closed for Martin Luther King Jr. Day, Monday
-
China retail sales, industrial production, GDP, Tuesday
-
US Empire State manufacturing survey, Tuesday
-
Fed’s John Williams to speak, Tuesday
-
Eurozone CPI, Wednesday
-
US retail sales, PPI, industrial production, business inventories, MBA mortgage applications, cross-border investment, Wednesday
-
Bank of Japan rate decision, Wednesday
-
Federal Reserve releases Beige Book, Wednesday
-
Fed speakers include Raphael Bostic, Lorie Logan and Patrick Harker, Wednesday
-
US housing starts, initial jobless claims, Philadelphia Fed index, Thursday
-
ECB account of its December policy meeting and President Christine Lagarde on a panel in Davos, Thursday
-
Fed speakers include Susan Collins and John Williams, Thursday
-
Japan CPI, Friday
-
China loan prime rates, Friday
-
US existing home sales, Friday
-
IMF’s Kristalina Georgieva and ECB’s Lagarde speak in Davos, Friday
Some of the main moves in markets:
Stocks
-
The Stoxx Europe 600 rose 0.3% as of 11:47 a.m. London time
-
Nasdaq 100 futures fell 0.3%
-
S&P 500 futures dropped 0.2%
-
Futures on the Dow Jones Industrial Average slipped less than 0.1%
-
The MSCI Asia Pacific Index fell 0.2%
-
The MSCI Emerging Markets Index rose 0.1%
Currencies
-
The Bloomberg Dollar Spot Index rose 0.1%
-
The euro was unchanged at $1.0830
-
The Japanese yen fell 0.3% to 128.24 per dollar
-
The offshore yuan fell 0.4% to 6.7430 per dollar
-
The British pound fell 0.1% to $1.2211
Cryptocurrencies
-
Bitcoin fell 0.3% to $20,837.78
-
Ether fell 0.5% to $1,544.76
Bonds
-
The yield on 10-year Treasuries was little changed at 3.50%
-
Germany’s 10-year yield advanced two basis points to 2.18%
-
Britain’s 10-year yield advanced three basis points to 3.40%
Commodities
This story was produced with the assistance of Bloomberg Automation.
–With assistance from Tassia Sipahutar and Richard Henderson.
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©2023 Bloomberg L.P.
Tech Drags on Stocks in All-Too-Familiar 2022 Move: Markets Wrap
(Bloomberg) — Big tech led stocks lower again on the last trading day of 2022, closing out the worst year in more than a decade for global equities and bonds.
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The S&P 500 dropped, taking the shine off Thursday’s best-of-December rally and leaving it down almost 20% in 2022. The tech-heavy Nasdaq 100 fell the most among benchmarks on Friday, poised to lose a third of its value this year as tech stocks emerged as some of the most vulnerable to rising rates.
Treasuries fell, sending yields higher across the board. The dollar extended declines against major peers, with the Bloomberg Dollar Spot Index falling to a six-month low. The yen rallied even after the Bank of Japan unveiled an unprecedented third day of unscheduled bond purchases.
Losses this week scuppered hopes for a rally to close out 2022 — a year when inflation reasserted itself to wipe a fifth in value from global stocks, the worst run since the financial crisis. Bonds lost 16% of value, the biggest decline since at least 1990 for one leading measure, as central banks raced to slow rising consumer prices by hiking interest rates around the world.
“We’ve never seen a market environment like this where both stocks and bonds were down simultaneously,” said Art Hogan, chief market strategist at B. Riley Wealth. “The good news is that we will soon put the year in the rearview mirror. The bad news is that 2023 could be a bumpy ride, at least for the first few months. Weaker economic trends will likely form heading into 2023 as the Fed battles inflation, but a mild recession may help set stocks up for a better second half of the year.”
After a banner year for stocks in 2021 that saw the S&P 500 climb to consecutive record highs, few foresaw the selloff that ensued. But after rising to yet another all-time high on Jan. 3, fortunes quickly turned as the Federal Reserve signaled determination to rein in inflation. That foreshadowed the onset of the most aggressive rate-hike path in decades, leaving stocks and bonds tumbling in its wake.
With US stocks dragged into a bear-market, the drop in Treasuries sent benchmark 10-year yields to 3.9% from 1.5% at the start of the year. That could present a different outlook for fixed income in 2023 and a revival of the widely followed 60/40 portfolio that got hammered in 2022.
“While stocks will struggle with slowing economic activity and the loss of inflated earnings from inflation, bonds are earning a decent income with the potential for price appreciation as yields come off their peak,” said Bryce Doty, senior portfolio manager for Sit Investment Associates. “The Fed is nearly done raising rates – we expect no raise at the Fed’s May meeting – and inflation is slowing.”
Concern about the spread of Covid-19 that surfaced this week still weighs on markets. The European Commission has asked EU member states to review Covid testing and sequencing procedures and to consider scaling them back up amid increased concern about the virus spreading from China.
Elsewhere, emerging-market stocks were set for the first weekly advance in three, though the benchmark index remains on track for a decline of more than 20% in 2022.
Oil dipped, adding to a three-day run of declines on worries about a rise in crude stockpiles and concerns that rising Covid-19 infections in China would slow demand in one of the world’s top oil importers. Bitcoin is ending the year limply, slipping about 0.8% to bring its decline in 2022 to more than 64%.
Some of the main moves in markets:
Stocks
-
The S&P 500 fell 0.7% as of 1:03 p.m. New York time
-
The Nasdaq 100 fell 0.8%
-
The Dow Jones Industrial Average fell 0.6%
-
The MSCI World index fell 0.5%
Currencies
-
The Bloomberg Dollar Spot Index fell 0.5%
-
The euro rose 0.4% to $1.0708
-
The British pound rose 0.3% to $1.2096
-
The Japanese yen rose 1.6% to 130.93 per dollar
Cryptocurrencies
-
Bitcoin fell 0.4% to $16,521.5
-
Ether was little changed at $1,194.85
Bonds
-
The yield on 10-year Treasuries advanced two basis points to 3.84%
-
Germany’s 10-year yield advanced 13 basis points to 2.57%
-
Britain’s 10-year yield advanced one basis point to 3.67%
Commodities
This story was produced with the assistance of Bloomberg Automation.
–With assistance from Jan-Patrick Barnert, Richard Henderson, Vildana Hajric, Robert Brand and Peyton Forte.
Most Read from Bloomberg Businessweek
©2022 Bloomberg L.P.
Stocks Slip as Risk Sentiment Erodes, Yields Rise: Markets Wrap
(Bloomberg) — US equities erased gains as Treasury yields ticked higher in yet another about face in sentiment in the final week of a dismal year for markets.
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Both the S&P 500 and the Nasdaq 100 slipped. Shares in Tesla Inc. rose, snapping a seven-day losing streak prompted by concerns about ebbing demand. Treasury yields edged higher and a gauge of the dollar pared losses.
The still-cautious mood is damping hopes for a rally in the last trading week of 2022 after a brutal year for financial markets. Global equities have lost a fifth of their value, the largest decline since 2008 on an annual basis, and an index of global bonds has slumped 16%. The dollar has surged 7% and the US 10-year yield has jumped to above 3.80% from just 1.5% at the end of 2021.
“We think investors have become way too pessimistic given where we are in the rate hiking cycle,” wrote Nancy Tengler, CEO and chief investment officer at Laffer Tengler Investments. Following one of the fastest rate-hiking regimes in history, “we expect the economy to slow materially or enter recession at some point in 2023. To be sure a severe recession would be bearish for stocks, yet given the resilience of the U.S. economy and the tight labor market, we are expecting a slowdown or shallow and brief recession. That could allow stocks to rally in the second half of 2023.”
In a bid to revive Hong Kong as a finance hub, the city will end some of its last major Covid rules, scrapping gathering limits to vaccination checks and testing for travelers. Still, while the dismantling of Covid curbs may be a boost for the global economy, there’s concern about inflation pressures that could prompt the policy makers in the US to maintain tight monetary policy.
Effects of the Federal Reserves aggressive tightening policy is taking a toll on the housing market. Data Wednesday showed US pending home sales fell for a sixth month in November to the second-lowest on record. With borrowing costs roughly double where they were at the start of the year, home sales, and therefore prices, have been declining for months.
Elsewhere in markets, the Stoxx Europe 600 index advanced, led by basic-resources companies as prices for industrial metals including copper climbed. Most European bonds gained, with Germany’s 10-year yield falling more than five basis points.
Oil dipped amid thin liquidity as investors weighed the fallout from a Russian ban on exports to buyers that adhere to a price cap. Iron ore surged to its highest since early August, while copper gained in New York as China’s rollback of pandemic curbs boosted prospects for commodities demand in 2023.
Key events this week:
-
US initial jobless claims, Thursday
-
ECB publishes economic bulletin, Thursday
Some of the main moves in markets:
Stocks
-
The S&P 500 fell 0.2% as of 10:42 a.m. New York time
-
The Nasdaq 100 fell 0.2%
-
The Dow Jones Industrial Average was little changed
-
The Stoxx Europe 600 was little changed
-
The MSCI World index fell 0.2%
Currencies
-
The Bloomberg Dollar Spot Index was little changed
-
The euro was little changed at $1.0638
-
The British pound rose 0.4% to $1.2079
-
The Japanese yen fell 0.4% to 134.08 per dollar
Cryptocurrencies
-
Bitcoin fell 0.4% to $16,620.98
-
Ether fell 1.5% to $1,192.59
Bonds
-
The yield on 10-year Treasuries advanced two basis points to 3.87%
-
Germany’s 10-year yield declined one basis point to 2.51%
-
Britain’s 10-year yield advanced six basis points to 3.70%
Commodities
-
West Texas Intermediate crude fell 2.5% to $77.53 a barrel
-
Gold futures fell 0.7% to $1,809.50 an ounce
This story was produced with the assistance of Bloomberg Automation.
–With assistance from Richard Henderson, Robert Brand and Peyton Forte.
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©2022 Bloomberg L.P.
Jan. 6 House committee expected to wrap up probe with criminal referrals: Report
The House select committee investigating the Jan. 6 insurrection and former President Donald Trump’s failed effort to overturn his 2020 election loss is expected to end its work this week by issuing an extensive report of its findings and a series of criminal referrals — potentially against Trump himself.
The House panel plans to meet Monday to vote on criminal referrals and, possibly, present new evidence. It also plans to issue its findings in a report and release transcripts from the hundreds of interviews they conducted with Trump aides, allies, family members and others.
The lawmakers are wrapping up 18 months of work with just weeks left until Republicans take control of the House and end the historic probe.
“We looked at the schedule, and it appears we can complete our work a little bit before that. So why not get it to the public as quick as we can?” committee Chair Bennie Thompson, D-Miss., said last week. Politico reported Friday that the committee plans to vote to urge the Justice Department to pursue at least three criminal charges against Trump.
Through the past summer, the panel wove a compelling tale in a tightly produced series of hearings that showed that Trump had been told repeatedly by his own aides and family that he lost his reelection bid and needed to accept reality. The testimony and evidence presented at the hearing also showed that Trump, with the help of top lieutenants Rudy Giuliani and John Eastman, pressured state officials to send fake electors to Washington, browbeat former Vice President Mike Pence — even instigating rioters to call for his hanging with a terse tweet — and remained walled away in the White House, glued to the television as thousands of his supporters and right-wing militia members sacked the Capitol.
Even amid the sweep of the congressional and federal investigations, new details surrounding the attack continue to emerge.
Yahoo News reported last week on one Department of Homeland Security analyst’s extensive efforts to warn federal intelligence of a highly coordinated plan to attack the Capitol that had been brewing online weeks before the actual Jan. 6 attack. The analyst’s pleas hit a wall inside DHS and were essentially ignored, possibly contributing to the security failures that allowed rioters to overrun Capitol police.
Federal cases against the rioters and militia members continue to work their way through the courts — a federal judge recently found Stewart Rhodes, head of the Oath Keepers militia group, and one of his colleagues guilty of seditious conspiracy and other felonies.
And the Justice Department recently appointed a special counsel, Jack Smith, to oversee the ongoing investigations into the attack and Trump’s culpability for repeatedly lobbying others from the White House to throw out the election results.
But even with its subpoena powers heavily curbed — efforts to force five of Trump’s top deputies to testify resulted in only one conviction, against former adviser Steve Bannon, and subpoenas of top House Republicans, including House Minority Leader Kevin McCarthy, went unanswered — the lawmakers managed to unearth stunning information about Trump’s efforts.
Lawmakers obtained thousands of text messages from Trump’s then-chief of staff Mark Meadows that showed his supporters urging him to suspend the Constitution to prevent the transfer of power to Joe Biden and Trump’s own family and allies pleading with him on Jan. 6 to call off the rioters.
The panel also featured stunning testimony from Meadows’s former aide Cassidy Hutchinson, detailing Trump’s efforts to join the rioters at the Capitol and his insistence that security magnetometers at the White House be taken down so supporters sporting military-style armor and guns could join the crowd. “‘They’re not here to hurt me,’” Hutchinson testified Trump said of the armed protesters.
Equity Selloff Deepens as Recession Fears Grow: Markets Wrap
(Bloomberg) — U.S. equity-index futures dropped with European stocks amid concern the resolve of central banks to continue their fight against inflation will tip the economy into a recession.
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Contracts on the S&P 500 and Nasdaq 100 fell at least 1.1% each after the underlying indexes posted their biggest declines since Nov. 2 on Thursday. Europe’s Stoxx 600 slid to a five-week low. The dollar erased a weekly loss and Treasuries dropped across the curve. Oil trimmed a weekly gain. Adobe Inc. rose in premarket New York trading after reporting better-than-estimated earnings.
An index of global stocks headed for a weekly slide as the Federal Reserve and the European Central Bank reaffirmed rates will go higher for longer until inflation fell back to their targets. While that belied market expectations for a lower peak rate and potential rate cuts in 2023, it also clouded the growth outlook. Economists now see a 60% probability of recession in the US and an 80% chance in Europe. Equity analysts have cut 12-month earnings estimates for the regions to the lowest levels since March and July, respectively.
“The worrying aspect for markets is the rate hike finishing lines are still unknown, and we have the two most dominant central banks in the world climbing the mountain into very restrictive territory,” Stephen Innes, managing partner at SPI Asset Management, wrote in a note. “Hiking interest rates into a dimming macro environment will undoubtedly trigger a recession. The question is just how profound.”
Read: Stocks Bulls Losing Support as $4 Trillion Options Set to Expire
Europe’s equity benchmark fell for a third day, dragged by growth-sensitive sectors such as real estate, technology and financial services. The benchmark of Asian equities posted the first weekly decline since October. The MSCI ACWI Index, the global equities gauge, headed for a 1.4% retreat this week.
Treasuries fell, with yield curves steepening. The two-year rate added 2 basis point, while the 10-year yield was 5 basis points higher. In Europe, both UK gilts and German bunds tumbled after ECB President Christine Lagarde delivered an unambiguously hawkish message, disabusing markets of any bets for a slowdown in rate hikes.
Ann-Katrin Petersen, senior investment strategist at BlackRock Investment Institute, said on Bloomberg Television that central banks were starting to acknowledge they will have to crush growth and will likely engineer recessions to tame inflation.
Read: Torched Stock Traders Discover Some News Is Too Bad to Celebrate
Traders were also digesting poor US retail sales and manufacturing data, even as the labor market remained strong. Meanwhile, the dollar edged higher, building on Thursday’s gains.
Oil dropped on Friday, trimming the biggest weekly gain since early October on signs of tightening supply and the prospect for improved Chinese demand.
Adobe shares rose 4.2% in early New York trading after adjusted fourth-quarter earnings beat expectations. Analysts said the report underscored positive demand for creative design software despite economic uncertainties.
Key events this week:
Some of the main moves in markets:
Stocks
-
The Stoxx Europe 600 fell 1.1% as of 10:26 a.m. London time
-
Futures on the S&P 500 fell 1.3%
-
Futures on the Nasdaq 100 fell 1.1%
-
Futures on the Dow Jones Industrial Average fell 1.2%
-
The MSCI Asia Pacific Index fell 0.7%
-
The MSCI Emerging Markets Index fell 0.4%
Currencies
-
The Bloomberg Dollar Spot Index was little changed
-
The euro was little changed at $1.0618
-
The Japanese yen rose 0.5% to 137.12 per dollar
-
The offshore yuan was little changed at 6.9852 per dollar
-
The British pound fell 0.2% to $1.2157
Cryptocurrencies
-
Bitcoin fell 2.2% to $17,015.5
-
Ether fell 4.1% to $1,212.98
Bonds
-
The yield on 10-year Treasuries advanced five basis points to 3.50%
-
Germany’s 10-year yield advanced 12 basis points to 2.21%
-
Britain’s 10-year yield advanced 13 basis points to 3.37%
Commodities
-
Brent crude fell 2.6% to $79.11 a barrel
-
Spot gold rose 0.2% to $1,780.05 an ounce
This story was produced with the assistance of Bloomberg Automation.
–With assistance from Tassia Sipahutar and Rob Verdonck.
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©2022 Bloomberg L.P.
Watch Live: Artemis 1 spacecraft returns to Earth to wrap up historic mission
Closing out a 25-day voyage around the moon, NASA’s Artemis 1 spacecraft fell back to Earth Sunday, making a 25,000-mph re-entry Sunday that subjected the unpiloted capsule to a hellish 5,000-degree inferno before splashdown off Baja California.
In an unexpected but richly-symbolic coincidence, the end of the Artemis 1 mission comes 50 years to the day after the final Apollo moon landing in 1972.
Testing the Orion capsule’s 16.5-foot-wide Apollo-derived Avcoat heat shield was the top priority of the Artemis 1 mission, “and it is our priority-one objective for a reason,” said mission manager Mike Safarin.
“There is no arc jet or aerothermal facility here on Earth capable of replicating hypersonic reentry with a heat shield of this size,” he said. “And it is a brand new heat shield design, and it is a safety-critical piece of equipment. It is designed to protect the spacecraft and (future astronauts) … so the heat shield needs to work.”
NASA
Launched Nov. 16 on the maiden flight of NASA’s huge new Space Launch System rocket, the unpiloted Orion capsule was propelled out of Earth orbit and on to the moon for an exhaustive series of tests, putting its propulsion, navigation, power and computer systems through their paces in the deep space environment.
While flight controllers ran into still-unexplained glitches with its power system, initial “funnies” with its star trackers and degraded performance from a phased array antenna, the Orion spacecraft and its European Space Agency-built service module worked well overall, achieving virtually all of their major objectives to this point.
“We’ve collected an immense amount of data characterizing system performance from the power system, the propulsion, GNC (guidance, navigation and control) and so far, the flight control team has downlinked to over 140 gigabytes of engineering and imagery data,” said Jim Geffre, the Orion vehicle integration manager.
NASA
The team is already analyzing that data “to help not only understand the performance on Artemis 1, but play forward for all subsequent missions,” he said.
If all goes well, NASA plans to follow the Artemis 1 mission by sending four astronauts around the moon in the program’s second flight — Artemis 2 — in 2024. The first moon-landing would follow in the 2025-26 timeframe when NASA says the first woman and the next man will set foot on the lunar surface.
The unpiloted Artemis 1 capsule flew through half of an orbit around the moon that carried it farther from Earth — 268,563 miles — than any previous human-rated spacecraft. Two critical firings of its main engine set up a low-altitude lunar flyby last Monday that, in turn, put the craft on course for splashdown Sunday.
NASA originally planned to bring the ship down west of San Diego, but a predicted cold front bringing higher winds and rougher seas prompted mission managers to move the landing site south by about 350 miles. Splashdown came south of Guadalupe Island some 200 miles west of Baja California.
NASA and Navy recovery crews aboard the USS Portland, an amphibious dock vessel, were standing by within sight of splashdown, ready to secure the craft and tow it into the Navy ship’s flooded “well deck.”
Once the deck’s gates are closed, the water will be pumped out, leaving Orion on a custom stand, protecting its heat shield, for the trip back to Naval Base San Diego.
But first, the recovery team will stand by for up to two hours while engineers collect data on how the heat of re-entry soaked into the spacecraft and what effects, if any, that might have on the crew cabin temperature.
“We are on track to have a fully successful mission with some bonus objectives that we’ve achieved along the way,” Sarafin said. “And on entry day, we will realize our priority one objective, which is to demonstrate the vehicle at lunar re-entry conditions.”