--- title: "November 11th foreign headlines: Buffett accelerates wealth donation efforts, Tesla's October sales decline sharply, American Airlines cancels over 1,600 flights" type: "News" locale: "en" url: "https://longbridge.com/en/news/265219108.md" description: "November 11th external headlines focus: Trump supports Senate agreement to end government shutdown, which has entered its 41st day. U.S. airlines have canceled over 1,600 flights due to the government shutdown, with severe impacts in places like Chicago. Trump warns air traffic controllers to return to work, or their pay will be withheld. Buffett accelerates wealth donations, and Tesla's sales in October have significantly declined" datetime: "2025-11-10T21:55:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/265219108.md) - [en](https://longbridge.com/en/news/265219108.md) - [zh-HK](https://longbridge.com/zh-HK/news/265219108.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265219108.md) | [繁體中文](https://longbridge.com/zh-HK/news/265219108.md) # November 11th foreign headlines: Buffett accelerates wealth donation efforts, Tesla's October sales decline sharply, American Airlines cancels over 1,600 flights **The main headlines that global financial media focused on last night and this morning include:** **Trump supports Senate deal to end government shutdown** U.S. President Trump stated on Monday that he approved a pending Senate agreement that would end the record-long U.S. government shutdown. “I will say this,” Trump said in the Oval Office, “based on everything I’ve heard.” The agreement cleared a key procedural hurdle in the Senate on Sunday night. Any bill to fund the government and end the shutdown must be signed by Trump to take effect. The government shutdown has now entered its 41st day. **U.S. airlines cancel over 1,600 flights as effects of government shutdown become more apparent** The U.S. government's flight flow restrictions have been in effect for four days, and with snowfall occurring at one of the busiest air hubs in the U.S., Chicago, travel chaos is expected to worsen. According to statistics from aviation data analysis company Cirium, as of 12:45 PM New York time on Monday, U.S. airports had canceled over 1,600 flights, accounting for about 6.3% of the total flights for the day. Chicago O'Hare International Airport saw the highest number of cancellations, with nearly 13% of scheduled flights canceled. Approximately 11% of flights were canceled at New York's LaGuardia Airport, and about 9% of flights were canceled at Newark Liberty International Airport. **Trump warns air traffic controllers: either return to work or "lose pay"** The U.S. is facing issues with flight delays and cancellations, and President Donald Trump called for air traffic controllers who have been absent during the government shutdown to return to their jobs, threatening that those who do not will have their pay withheld. “All air traffic controllers must return to work immediately!!! Those who do not will face significant ‘pay cuts’,” Trump stated on the social platform Truth Social on Monday Since the government shutdown began on October 1, air traffic controllers have been working without pay. **Warren Buffett to Increase Donations to Children's Foundations to Support Successors** Buffett has devised a plan to accelerate the donation of his $149 billion legacy to his children's foundations while still allowing Berkshire Hathaway shareholders to have confidence in the soon-to-be CEO Greg Abel in the short term. In a Thanksgiving letter, Buffett stated that he needs to expedite the transfer of Berkshire stock to the foundations of his three children, as they are all getting older, which will "increase the likelihood of them disposing of essentially my entire estate before alternative trustees are appointed." This letter will become Buffett's annual tradition. The 63-year-old Abel will succeed the 95-year-old Buffett as CEO of Berkshire at the beginning of the new year, while the "Oracle of Omaha" Buffett will remain as chairman. **Wells Fargo: Tesla's October Sales Decline Sharply Across the Board** Wells Fargo noted in a research report that preliminary estimates show Tesla's October deliveries may have fallen by 23% year-on-year. The report analyzed major markets based on available data from the United States, the European Union, South Korea, and China. Analyst Colin Langan wrote in a report to clients that sales have declined sharply everywhere—not just in the United States—with delivery data showing significant weakness. "The expected decline in sales entering the fourth quarter may reflect the end of the impacts of the Inflation Reduction Act (IRA) and increased competition in overseas markets," the analyst wrote, referring to the termination of federal electric vehicle subsidies provided by the act. **JP Morgan Private Bank Predicts Gold Prices Will Exceed $5,000 by the End of 2026** JP Morgan Private Bank stated that the hot surge in gold prices could push them above $5,000 per ounce next year, primarily driven by purchases from central banks in emerging market economies The bank's global head of macro and fixed income strategy, Alex Wolf, stated in an interview that prices could reach $5,200 to $5,300 by the end of 2026. This would be over 25% higher than the current gold price level. Over the past two years, central bank purchases seeking asset preservation and diversification have been a significant driving force behind the surge in gold prices. Gold prices hit a historical high of over $4,380 in October, followed by a pullback in the subsequent weeks. This year, gold prices are still up more than 50% ### Related Stocks - [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md) - [American Airlines Group Inc. (AAL.US)](https://longbridge.com/en/quote/AAL.US.md) ## Related News & Research - [SpaceX IPO Puts Sam Bankman Fried/FTX Stake In Musk Company Back In Spotlight: Here's The Missed Profits](https://longbridge.com/en/news/281557662.md) - [Anthropic Reportedly Accidentally Leaks Certain Claude Code Internal Source Code](https://longbridge.com/en/news/281339600.md) - [The Tesla Model S And Model X Are Officially Dead](https://longbridge.com/en/news/281317969.md) - [Tesla's First Quarter EV Sales: Analysts Project Modest Gains](https://longbridge.com/en/news/281225239.md) - [Tesla, Inc. $TSLA Shares Sold by BTC Capital Management Inc.](https://longbridge.com/en/news/281321406.md)