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24Nov2017 Market Close: Get Your News Headlines In This Post

Written by Gary

Stocks closed today and the week higher. Read the headlines below which were driving the market.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

U.S. shoppers browse stores, buy online as Black Friday deals beckon

CHICAGO/NEW YORK (Reuters) - U.S. stores offered deep discounts, entertainment and free gifts to draw bargain hunters on Black Friday, the traditional start of the holiday shopping season, but some shoppers said they were just eyeing goods, reserving their cash for online purchases.

Tech leads S&P above 2,600; Amazon, other retail stocks gain

(Reuters) - Technology stocks led the S&P 500 and Nasdaq to record closing highs on Friday, with the S&P ending above 2,600 points for the first time, while Amazon and retail stocks got a boost from signs of a strong start to the holiday shopping season.

Holiday cheer boosts Amazon, Macy's and other retail stocks

SAN FRANCISCO (Reuters) - Shares of Amazon.com Inc , Macy's Inc , Kohl's Corp and other U.S. retailers rose on Friday on early signs that consumers are on track to spend more this holiday shopping season than in previous years.

'Stealth hedging' shows investors not so complacent

NEW YORK (Reuters) - With the U.S. stock market at a record high and daily stock gyrations near multi-decade lows, some investors have raised concerns about the lack of fear in the market, but U.S. equity options market data suggests investors are far from complacent.

Online sales? Maybe one day, says Chanel

PARIS (Reuters) - France's Chanel has no immediate plans for online sales of its coveted outfits or handbags, a senior executive said on Friday, making it one of the fashion world's last hold-outs as rivals experiment with websites to win over new clients.

Uber to disclose price on SoftBank deal early next week: sources

SAN FRANCISCO/NEW YORK (Reuters) - Uber Technologies Inc [UBER.UL] plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service's investors, two people familiar with the plans said on Friday.

Europe's retailers tempt shoppers with Black Friday deals

LONDON (Reuters) - Retailers across Europe chased shoppers on "Black Friday" in a test of consumer demand, particularly in Britain, where the spending spree imported from the U.S. looked set to outdo last year.

SandRidge shares surge as Icahn opposes Bonanza bid

(Reuters) - Shares of SandRidge Energy jumped 14.2 percent on Friday, after activist investor Carl Icahn disclosed a big stake in the oil and gas producer and said he would oppose its $746 million bid for rival Bonanza Creek Energy.

New Nissan engine bids to extend life for internal combustion

BEIJING (Reuters) - Nissan Motor Co, an early mover in the electric vehicle market, will use the Los Angeles auto show next week to send a message about gasoline-fueled engines: They're not dead yet.

Russian Anger Builds In Town Next To Leaking Nuclear Plant

Earlier this week, we noted that Russia's state-owned nuclear energy agency had taken baby steps toward recognizing the dangers posed by an aging nuclear storage facility in Chelyabinsk, a town located on Russia's southern border with Kazakhstan, when it officially acknowledged the extraordinary high levels of radiation in the area. Though the government refused to admit culpability, as many believe the radiation leaked out of the Mayak nuclear power plant, which has a history of serious nuclear accidents.

Still, a month after the mysterious radiation cloud was first observed over Europe, Russian authorities have said little other than admitting the spike in radiation - a troubling trend that's making some locals nervous and angry.
As the Financial Times points out, 76 years after radiation first began seeping from Mayak into the surrounding rivers, lakes and atmosphere, Russian authorities admitted that the nearby town of Argayash was at the center of a radiation cloud containing "exceptionally high" levels of radioactive isotope ruthenium-106, which spread so far west that it reached France.

But residents of the town are demanding more information from authorities, whom they blame for putting the health of locals at risk.

The FT described Argayash is a cynical, mistrustful town. Apparently, decades of being lied to by the government about being down the road from a leaking nuclear plant does that to a place. So too does watching generations of people dying of radiation-related ailments while officials assure them nothing is amiss.

FBI Warns Of Growing Threat Of Left-Wing Violence

Via Greg Hunter's USA Watchdog blog,

Best-selling author Edward Klein's latest best-selling book is called "All Out War: The Plot to Destroy Trump."

Klein reveals that this plot started in the Obama White House just weeks after Donald Trump won the 2016 election. Klein explains,

"Susan Rice was invited to come to a dinner party and give the President (Obama) a plan, and her plan was to unmask the names of Donald Trump associates who had been inadvertently picked up by electronic intercepts by the National Security Agency (NSA). The names of these Americans were supposed to remain confidential. She (Susan Rice) suggested they would be unmasked, meaning they would become public, and they would be distributed widely throughout the intelligence community. Inevitably, therefore, she admitted those names would be leaked to the mainstream media (MSM), and the story would begin that there was collusion between Donald Trump and the Russians.

This, of course, was always a fairytale because we have had an investigation going on for more than a year and a half, and no one has come up with a scintilla of evidence to prove that...

Former Secret Service Agent Threatens To Reveal Details About Bill Clinton And Epstein's "Lolita Express"

In a furious twitter exchange with a Clinton aide on Friday, former secret service agent Dan Bongino threatened to reveal new details about Bill Clinton's 26 documented trips aboard notorious pedophile Jeffrey Epstein's private jet, nicknamed the "Lolita Express."

Bongino and former Hillary Clinton aide Nick Merrill started feuding after Merrill challenged Bongino's claim that Clinton was the most "manipulative political person in a position of power [he had] ever met in my entire life," as InfoWars pointed out.

Merrill fired back that Hillary "has enormous respect for the Secret Service & a great relationship with the agents on her detail." He also alleged that Bongino was never on the Clintons' detail - a claim that Bongino almost immediately disproved by supplying a photo of him sitting behind Hillary Clinton back in 2001.

This pic is from NY Newsday's inside cover taken at the US Open in 2001. It's one of literally hundreds of operations I conducted with Hillary documented throughly by official US govt paperwork of which I still have copies. You're welcome to stop by & review the paperwork.Thanks. pic.twitter.com/C0lmJRlrDm

— Dan Bongino (@dbongino) November 24, 2017

Is $40 WTI Now More Realistic Than $60?

Authored by Tsvetana Paraskova via OilPrice.com,

The current rise in oil prices is more of a fear trade right now, driven by fear of what is going on in the Middle East, rather than a result of growing OPEC chatter or inventory reports, Todd Horwitz, chief strategist at Bubbatrading.com, told Bloomberg on Wednesday.

"The oil premiums are very narrow going out to the future, which means that this is more of a fear trade in the front month," Horwitz said on 'Bloomberg Markets'.

"To me, this is more of just another farce of what OPEC is trying to do, and trying to push these prices higher," the strategist noted.

OPEC and its non-OPEC partners in the production cut deal are scheduled to meet in Vienna on November 30 to discuss the extension of their pact.

Investors Must Focus on Big Picture on Black Friday

There is a predictability to Black Friday stories each year, yet there also is a predictability to what they tell us about how stores will do over holidays—not much.

Rio Tinto Isn't Tesla; It Should Hold Fire On a Lithium Bet

Lithium-battery and electric-vehicle plays are enjoying a futuristic ride into the stratosphere. Rio Tinto shouldn't follow—at least not yet.

It's Not the Leverage, It's the Illiquidity That Will Hurt

Too much short-term debt backing long-term assets fueled the last credit bubble a decade ago. This time round, investors are hunting for yield in hard-to-trade, often private assets.

Rail Week Ending 18 November 2017: Economically Intuitive Sectors Improved

Week 46 of 2017 shows same week total rail traffic (from same week one year ago) expanded according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion and the rolling average growth rate was statistically unchanged.

This $10 stuffed animal was a top Black Friday seller

People weren't just shopping for electronics.

The newest Black Friday stocking stuffer? Marijuana

A holiday sale of a greener variety.

This is how far you have to run to burn off your Thanksgiving meal

The average American consumes 4,500 calories on Thanksgiving.

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To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

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