Written by Gary
Stocks tread water as investors look to Trump-Xi meeting at G-20 (SPY +0.2%). European bourses lower after gains in Asia while dollar rises.
Here is the current market situation from CNN Money | |
North and South American markets are mixed today. The Bovespa is up 0.31% while the S&P 500 gains 0.17%. The IPC is off 0.85%. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
Wall Street treads water ahead of Trump-Xi trade talkU.S. stocks were trading flat on Friday as investors stayed away from making bets ahead of a much-awaited meeting between the United States and China that could decide the course of a bitter trade dispute between the two economies. | |
U.S.-China dispute casts shadow as world leaders gather in ArgentinaThe leaders of the world’s top economies gathered in Argentina on Friday for talks overshadowed by a U.S.-China trade war that has roiled global markets, bracing for the kind of geopolitical drama U.S. President Donald Trump often brings to the international stage. | |
PVH plans fixes for Calvin Klein, sees strong start to holidaysPVH Corp on Friday allayed investor concerns over its Calvin Klein business and said early holiday sales were above its expectations, sending its shares up as much as 5 percent. | |
Exclusive: Vodafone, Liberty Global deal faces full EU antitrust scrutiny – sourceVodafone’s $21.8 billion proposed acquisition of Liberty Global’s assets in Germany and eastern Europe is likely to face a full EU antitrust investigation, a person familiar with the matter said. | |
Honeywell to shift global headquarters to CharlotteHoneywell International Inc said on Friday it is relocating its global corporate headquarters to Charlotte, North Carolina, which is closer to several of the U.S. industrial conglomerate’s businesses in the Southeast of the United States. | |
Eni in talks to grow presence in the Gulf: sourceItalian major Eni is in talks to grow its footprint in Oman and the United Arab Emirates as part of plans to build its asset base in the oil-rich Gulf and offset its reliance on Africa, a source close to the matter said. | |
Saudi Crown Prince sidelined in G20 family photoSaudi Arabia’s Crown Prince Mohammed bin Salman was sidelined during the official “family photo” of world leaders and other dignitaries at the Group of 20 summit in Buenos Aires on Friday, standing at the far edge of the group portrait and ignored. | |
Saudi crown prince meets South Korean and Mexican presidents on G20 sidelinesSaudi Crown Prince Mohammed bin Salman met South Korean President Moon Jae-in and Mexican President Enrique Pena Nieto on the sidelines of a G20 summit in Buenos Aires on Friday, Saudi Arabia’s foreign ministry said on twitter. | |
Oil falls as high inventories outweigh likely OPEC cutsOil prices fell further on Friday as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut next week. | |
Police Find 8 Gas Bombs Outside G-20 Summit VenueWhile investors were expecting a multitude of “tape bombs” during the G-20 summit in Buenos Aires, it appears local police in the crime-plagued capital city have turned up the real thing. Argentina’s security minister told the Associated Press that eight makeshift gas bombs have been discovered at a site near the G-20 summit in Buenos Aires, in an area where protests against the summit are expected on Friday. According to Security Minister Patricia Bullrich, police discovered the rudimentary bombs, made from bottles and cloth wicks, during an “operation” more than six miles from the summit’s venue. The bombs were discovered inside a burned out taxi cab. Despite the find, Bullrich said she expects a “day of peace without violence.”
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Facebook’s Sandberg Ordered Investigation Into Soros Short Sales After Criticism From BillionaireIn a January email to a senior executive, Facebook COO Sheryl Sandberg ordered an investigation into whether the billionaire activist had been shorting the company’s stock while calling it a “menace to society” in a blistering speech that same month at the World Economic Forum, according to a new report by the New York Times. The revelation is a follow-up to a Times exposé two weeks ago which exposed Facebook’s mercenary approach to public relations – including hiring a GOP-linked PR firm, Definers, to label liberal critics of the company as Soros operatives, and to collaborate with another company to create factual-yet-damaging advertisements criticizing Apple and Google amid the Cambridge Analytica data harvesting scandal. In particular, Facebook used Definers to target a coalition called Freedom from Facebook – which crashed a House Judiciary Committee hearing where a company executive was testifying about the Cambridge Analytica scandal. Definers labeled Freedom from Facebook organizers as anti-Semitic, and directed reporters to explore conne … | |
3 Things That Happened Just Before The 2008 Crisis Are Happening Again Right NowAuthored by Michael Snyder via The Economic Collapse blog, Real estate, oil and the employment numbers are all telling us the same thing, and that is really bad news for the U.S. economy. It really does appear that economic activity is starting to slow down significantly, but just like in 2008 those that are running things don’t want to admit the reality of what we are facing. Back then, Fed Chair Ben Bernanke insisted that the U.S. economy was not heading into a recession, and we later learned that a recession had already begun when he made that statement. And as you will see at the end of this article, current Fed Chair Jerome Powell says that he is “very happy” with how the U.S. economy is performing, but he shouldn’t be so thrilled. Signs of trouble are everywhere, and we just got several more pieces of troubling news. Thanks to aggressive rate hik … | |
When Putin Met Bin SallyIn the annals of handshake photo-ops, we just may have a new winner (much to the delight of oil bulls who are looking at oil treading $50 and contemplating jumping out of the window).
Nothing but sheer joy, delight and friendship… … but something is missing… | |
23 November 2018 ECRI’s WLI Growth Rate Index Continues to Slip Further Into ContractionWritten by Steven Hansen ECRI’s WLI Growth Index which forecasts economic growth six months forward declined and moved deeper into contraction. | |
The Ratings Game: Zuora says more businesses are embracing subscriptions, but stock falls after earningsShares of Zuora Inc. are falling in Friday morning trading, though the subscription-software company reported better-than-expected earnings and raised its guidance. | |
The Ratings Game: GameStop is ‘lost at sea’ and its rosy outlook is setting it up for failure, analyst saysameStop Corp. is “lost at sea” with a leadership that remains unjustifiably optimistic in the face of declining new and used software sales, a shift toward lower margin hardware sales, and a “Hail Mary” effort to sell the rest of the company, says Benchmark. | |
Metals Stocks: Gold falls on dollar strength, but looks to post a monthly gainA decline in gold futures Friday on the back of further strength in the dollar pushes the metal down for the week, but prices are still on track to tally a second straight monthly gain. |
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