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Stock market news: Opening bell, November 30, 2018



Trump Macri G20
President Donald Trump and Argentina’s President Mauricio Macri
meet before the G20 leaders summit in Buenos Aires,


Here is what you need to know. 

  1. Trump says he will be ‘very productive’ at the G20
    President Donald Trump arrived in
    Argentina on Thursday, and tweeted that he has “a
    very busy two days planned,” with the main event being trade
    negotiations with Chinese President Xi Jinping. 

  2. Goldman Sachs has some low risk, high reward trading strategies
    to help investors profit from the G20
    bank’s derivatives strategy team studied the seven periods of
    volatility surrounding various trade-war headlines this year
    and identified 21 stocks and four sectors where investors can
    make realtively low-risk bets by buying calls. 

  3. China’s manufacturing sector hits stall
    The government’s purcashing managers
    index printed 50.0 in November, its weakest reading since July
    2016, and is at a level that shows the sector is neither
    expanding nor contracting, according to data released Friday by
    China’s National Bureau of Statistics. 

  4. Floyd Mayweather Jr. and DJ Khaled will each pay big fines
    after illegally touting ICOs
    The boxing champ
    Floyd Mayweather Jr. and the record producer DJ Khaled will
    each pay fines of more than $100,000 to settle charges that
    they promoted initially coin offerings without disclosing they
    were paid for it, the US Securities and Exchange Commission
    said on Thursday. 

  5. Marriott says 500 million customers had their data
    The hotel chain announced Friday that
    500 million customers who stayed at hotels including W,
    Sheraton, and Westin as far back as 2014 had their information
    accessed, including an unspecified number who had their credit
    card details taken.  

  6. Sheryl Sandburg reportedly wanted to know if George Soros was
    shorting Facebook’s stock
    Sandburg, Facebook’s
    COO, reportedly requested opposition research on the
    billionaire and wanted to know if he was shorting her company’s
    stock, after he publicly critcized the social-media network.

  7. Nintendo Switch sales are on track to miss Wall Street targets
    despite a record-setting Black Friday weekend
    Nintendo Switch saw sales jump 115% year-over-year on Black
    Friday weekend, but the video-game maker is on track to sell 35
    million units by March 2019, shy of the 38 million units that
    analysts surveyed by Bloomberg are hoping for.

  8. The Tesla of China loses its US CEO
    Warrior, the US CEO of the Chinese electric-car maker Nio, will
    leave the company in December for “personal interests,”
    according to a filing out Friday.
  9. Stock markets
    around the world trade mixed
    China’s Shanghai
    Composite (+0.81%) led the advance in Asia and Britain’s FTSE
    (-0.7%) trails in Europe. The S&P 500 is set to open lower
    by 0.26% near 2,731.

  10. US economic data trickles out
    Chicago PMI will be
    released at 9:45 a.m. ET. The US 10-year yield is down 2 basis
    points at 3.01%. 
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