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Stock market news: Opening bell, November 28, 2018



Riot police and soccer fans
riot police clash with Ajax fans before the start of a Group E
Champions League soccer match between AEK Athens and Ajax at the
Olympic Stadium in Athens.

AP/Thanassis Stavrakis

Here is what you need to know.

  1. “Farm bankruptcies are surging as Trump’s trade war drags
    The strain of low commodity prices on
    farmers and ranchers has been compounded by tariffs, causing at
    least 84 farm operations in the upper Midwest to file for
    bankruptcy in the 12 months through June — more than twice the
    level seen in the same period in 2014.

  2. China says using its US bond holdings as a weapon in the trade
    war would be akin to ‘playing with

    don’t want to cause any financial instability in global
    markets,” Cui Tiankai, China’s ambassador to the US, told
    Reuters. “This is very dangerous, this is like playing with

  3. A top US regulator pours more cold water on a bitcoin

    investors expect is that trading in that commodity that’s
    underlying the ETF is free from the risk or significant risk of
    manipulation,” Jay Clayton, chairman of the US Securities and
    Exchange Commisison, said at Coindesk’s Consensus conference in
    New York on Tuesday, according to CNBC.

    “Those kinds of safeguards don’t exist in
    many of the markets where digital currencies trade.”

  4. Here are 4 portfolio tweaks that can help you make a killing
    amid the stock market’s chaos

    Credit Suisse says the stock will continue to
    grind higher in 2019, and lays out four big portfolio
    adjustments to help you capitalize on the changing market

  5. A private-equity firm reportedly drops out of the Papa John’s

    Trian Fund Management, on Tuesday afternoon,
    pulled out of the bidding for the pizza chain Papa John’s,
    according to The Wall Street Joural, citing people familiar
    with the matter, sending its shares lower by as much as

  6. Salesforce delivers a ‘beat and

    gained more than 5% in after-hours trading Tuesday after the
    company beat on both the top and bottom lines in the third
    quarter and raised its revenue guidance for Q4.

  7. Elon Musk’s Boring Company axes plans to build a massive tunnel
    under Los Angeles

    The decision was made after several local
    groups sued the city for exempting the Boring Company from
    environmental regulations. 
  8. Stock markets
    around the world are gaining

    Kong’s Hang Seng (+1.33%) led the gains in Asia and Germany’s
    DAX (+0.24%) is out front in Europe after Larry Kudlow, Trump’s
    top economic advisor, said there was a “good possibility” the
    US and China could reach a trade agreement at the G20 summit in
    Argentina this weekend. The S&P 500 is set to open up 0.3%
    near 2,690.

  9. Earnings keep coming

    Burlington Stores, Dick’s Sporting Goods, and
    Tiffany all report ahead of the opening bell. 

  10. US economic data flows

    The second estimate of thid-quarter GDP will
    be released at 8:30 a.m. ET and new home sales will cross the
    wires at 10 a.m. ET. The US 10-year yield is unchanged at
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