Written by Gary
Stocks surged Friday setting new closing and intraday highs, as investors cheered decent economic news and were relieved when the White House said trade negotiations with China were progressing. The Dow Jones industrials, up 0.8%, closed at a record 28,005, as it finished with its fourth-weekly gain in a row. The S&P 500, up 0.77%, finished higher for a sixth-straight week. The Nasdaq Composite rose 0.73% and finished higher for a seventh-straight week.
The Market in Perspective
| Here are the headlines moving the markets. | |
 | Trade deal hopes, surging health stocks power Wall Street to highsWall Street’s main stock indexes closed at record levels on Friday, fueled by fresh optimism over a potential calming of U.S.-China trade tensions and by big gains in shares of healthcare companies. |
| Wall Street Weekahead: Sagging consumer discretionary shares look for a sparkThe strength of the U.S. consumer has been often cited as a pillar of the economy and one of the reasons the S&P 500 has recently scaled new heights, but consumer discretionary stocks have skipped the party for several months. |
| Stocks rally, oil gains on revived U.S.-China trade hopesCrude prices rose and global equities markets rallied on Friday, with the major U.S. indexes setting record highs, on renewed optimism the United States and China are nearing a deal to de-escalate a 16-month trade war that has crimped global growth. |
| Oklahoma judge reduces Johnson & Johnson opioid payout to $465 millionAn Oklahoma judge on Friday said Johnson & Johnson must pay that state $465 million for fueling the opioid epidemic through the deceptive marketing of painkillers, down from his original award of $572 million. |
| FAA administrator tells team to ‘take whatever time needed’ on 737 MAX: memoU.S. Federal Aviation Administrator Steve Dickson told his team to “take whatever time is needed” in their review of Boeing Co’s 737 MAX, reiterating that the path to approval is “not guided by a calendar or schedule,” according to a Nov. 14 memo and video message reviewed by Reuters. |
| Twitter tightens bans on political ads and causes ahead of 2020 U.S. electionTwitter Inc on Friday said its political advertising ban will include references to political candidates or legislation, and it will not allow ads that advocate for a certain outcome on social and political causes. |
| Trump, Apple CEO Tim Cook set to tour computer plant in Texas Wednesday: sourcesU.S. President Donald Trump and Apple CEO Tim Cook are set to visit facilities in Texas on Wednesday where Apple’s high-end computers are assembled, sources briefed on the matter confirmed Friday. |
| Fed says U.S. financial system resilient; flags low rates, ‘stablecoin’ as risksThe U.S. Federal Reserve on Friday flagged high levels of corporate debt, the impact of an extended period of low global interest rates, and emerging “stablecoin” cryptocurrency proposals as potential risks to the financial system. |
| Exclusive: U.S. regulator rethinking changes to whistleblower program after backlash – sourcesThe U.S. securities regulator is rethinking a proposal that could weaken a landmark whistleblower program after a pushback from whistleblower lawyers and advocates, people with knowledge of the deliberations told Reuters. |
| Kissinger: Coming Conflict Between US And China “Will Be Worse Than World Wars”Kissinger: Coming Conflict Between US And China “Will Be Worse Than World Wars” Authored by Paul Joseph Watson via Summit News, Former US secretary of state Henry Kissinger warns that a catastrophic conflict between America and China that will be œworse than world wars is inevitable unless the two sides sort out their differences. |
| Stocks Jump To Record Highs As Bond Yields, Economic Data DumpStocks Jump To Record Highs As Bond Yields, Economic Data Dump Ugly retail sales and dismal industrial production capped a gravely disappointing week for US macro data, tumbling into the red for the first time in 3 months… |
| Fisher Investments’ “Women Friendly” Ads Weren’t Embraced By All Women At His FirmFisher Investments’ “Women Friendly” Ads Weren’t Embraced By All Women At His Firm It was just about 2 weeks ago that we pointed out Ken Fisher’s efforts to “fight back” against the deluge of withdrawals and redemptions his firm was facing as a result of lewd comments he made at a financial conference several months ago. The firm’s efforts included taking out “women friendly ads”. “You Heard Their Story. Now Hear Ours,  the headline to one of his ads read. It featured 7 female employees at Fisher Investments and statistics that put the company in a favorable light. œOver 800 women strong, with women leading 63% of employees, the ad read. But now it appears as though all of the women asked to participate in these ads weren’t exactly happy about it, according to Bloomberg. Hundreds of female employees were “surprised” last month when they were asked at a meeting to pose for a group picture showing their support for Fisher. They were told that participation in the ad would be “voluntary”. When one woman asked if she could share both positive and negative experiences, she was told that it could be discussed “offline”, before the meeting was directed to more logistical questions. The women were then asked to sign photo waivers at the meeting and were given “little time to make a decision”, the report notes. |
| Exposing The Deep State’s Deep State DepartmentExposing The Deep State’s Deep State Department Authored by James Howard Kunstler via Kunstler.com, For now, it comes down to this: the US State Department is at war with the White House. State’s allies in the Democratic majority congress want to help overthrow the occupant of the White House because he’s interfering in the department’s foreign policy. The lifers at State are the same ones who executed a coup in 2014 against Ukraine’s government and threw out the elected president Victor Yanukovych because he tilted to join a Russian-backed regional customs union rather than NATO.  State’s diplomatic lifers are old hands at coups. Now they’re at it at home, right here in the USA. |
| The real reason why investments are not looking up for IndiaThe real reason why investments are not looking up for IndiaSo why, then, this investment pessimism? First, consumer behaviour and preferences are showing a marked shift. |
| Is SC’s Essar order key to fix NPA problem?Is SC’s Essar order key to fix NPA problem?SC empowered banks to set the terms of the distribution of sale proceeds between creditors. |
| Sitharaman hints at relief for crisis-hit telcosSitharaman hints at relief for crisis-hit telcos”I want no company to shut operations. I want everyone to be up and running,” the finance minister said. |
| LIVE ALL WEEK: Weather 11 November Through 17 Nov 2019Written by Sig Silber This article provides continuous updates for a variety of Weather and Weather-Related Threats as well as a general weather forecast. These are “Live” maps and continually update. Please pay attention to the Mesoscale Events maps — Mesoscale Events are potentially life-threatening situations. We have now added a Ski Report as winter has arrived early.
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| Documentary Of The Week: Post-Apocalyptic CapitalismWritten by John Lounsbury Chris Hedges has reviewed and analyzed how American capitalism has failed in “sacrifice zones” across the country. He discusses his work in an interview with Piya Chattopadhyay on TVO. The issues he discusses are global across mature manufacturing societies, but, he says, the U.S. is leading the way in this spreading decay.
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| The Margin: One viral Reddit poster explains how the Apple Card fails compared to other cards‘I’ve owned the Apple Card for 3 months ¦this is why it sucks’ |
| Bond Report: 10-year, 30-year Treasury yield logs biggest weekly drop in one and a half monthsU.S. Treasury yields rise Friday, trimming their week long decline, after an official from the White House suggested negotiations for the phase one trade deal was nearing an end. |
| The Margin: NRA slammed for touting strong gun sales moments before the initial reports of the Saugus High School shootingJust before 8 a.m. on Thursday, shots rang out at Saugus High in Southern California, in a school shooting that left two dead and several other students injured. The 16-year-old suspect, a student at the Santa Clarita school, is reportedly in critical condition from a self-inflicted gunshot wound. |
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