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Stock market news: Opening bell, November 27, 2018



Chicago snow
commuter walks to a bus stop as snow falls in


Here is what you need to know. 

  1. Trump is ready to go all-out in the trade war with
    President Donald Trump on Monday told The
    Wall Street Journal that it is “highly unlikely” that he will
    reach a trade deal with Chinese President Xi Jinping at the
    upcoming G20 summit in Argentina and that he is prepared to
    place tariffs on the remaining $267 billion worth of Chinese
    goods being impoerted into the US — including iPhones and and
    other consumer products.

  2. Cyber Monday raked in a record $7.9 billion of

    late-evening forecast from Adobe showed sales would be about
    $100 million more than previously forecast, Reuters

  3. Amazon says Black Friday and Cyber Monday 2018 were the biggest
    shopping days in its history

    The e-commerce giant said Cyber Monday was
    the single-biggest shopping day in its history and that

    “millions” more products were
    sold between it and Thanksgiving Day than during the same
    period in 2017.

  4. Bank of America’s $2.8 trillion wealth management CIO reveals
    his biggest market fear

    Chris Hyzy — the chief investment officer for
    Bank of America’s Global Wealth and Investment Management
    division — explains why a decline in dollar liquidity
    could trigger the next recession if left unchecked.

  5. Microsoft briefly passes Apple as the largest US

    on Monday briefly surpassed Apple as the most valuable company
    in the US, with a market capitalization of about $812 billion.
    The last time Microsoft finished a trading session with a
    higher market cap than Apple was in 2010.

  6. Tesla’s sales in China crashed in October because of the trade

    electric-car maker sold just 211 vehicles during the month of
    October, down 70% year-over-year, Reuters says, citing

    China Passenger Car Association

  7. Alibaba founder Jack Ma has been outed as a member of China’s
    Communist Party

    Ma, China’s richest person, will be one of
    100 guests to be honored by Beijing for their contributions to
    the country’s economy, according to the state-run People’s
  8. Stock markets
    around the world are in the red

    Hong Kong’s Hang Seng (-0.17%) slipped in
    Asia and Britain’s FTSE (-0.29%) trails in Europe. The S&P
    500 is set to open down 0.38% near 2,663.
  9. Salesforce
    reports after the closing bell

    It’s expected to earn an adjusted $0.50 a
    share on revenue of $3.37 billion, according to analysts
    surveyed by Bloomberg.


  10. US economic data flows

    FHFA House Price Index and S&P
    Case-Schiller home prices will both be released at 9 a.m. ET
    before consumer confidence crosses the wires at 10 a.m. ET. The
    US 10-year yield is unchanged at 3.05%.  
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