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A balloon of Olaf from "Frozen" flies at the 2018 parade. Photo: Noam Galai/FilmMagic via Getty Images

The Macy's Thanksgiving Day Parade might be without its signature balloons this week as New York City regulations prevent them from flying when winds exceed 23 mph and gusts top 34 mph, CNN reports.

Why it matters: The National Weather Service's forecast shows sustained winds of 22 mph and gusts of 39 mph during the parade, which will force city officials to make a last-minute call on whether or not the 16 balloons can take to the air.

  • The last time the parade's balloons were grounded due to inclement weather was in 1971, according to the New York Times.
  • In 1997, the Cat in the Hat balloon injured four people after being overtaken by strong winds, which sparked current the current regulations.

Go deeper ... Impeachment schedule: What to expect during Thanksgiving week

Go deeper

Dan Primack, author of Pro Rata
41 mins ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.

Trump political team disavows "Patriot Party" groups

Marine One carries President Trump away from the White House on Inauguration Day. Photo: Patrick Smith/Getty Images

Donald Trump's still-active presidential campaign committee officially disavowed political groups affiliated with the nascent "Patriot Party" on Monday.

Why it matters: Trump briefly floated the possibility of creating a new political party to compete with the GOP — with him at the helm. But others have formed their own "Patriot Party" entities during the past week, and Trump's team wants to make clear it has nothing to do with them.

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