20Nov2019 Open-Market Commentary: Wall Street Opened Moderately Down On A Sour Note, DOW Down 61 Points, Investors Worried Hong Kong Might Be A Problem Of Greater Proportions

Here is the current market situation from CNN Money

Scooter maker Superpedestrian raises $20 million, promises fewer breakdowns

Electric scooter company Superpedestrian on Wednesday said it had raised $20 million for its diagnostic software that can spot impending hardware failure, a major problem for scooter operators.

China’s Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman

China’s top sport-utility vehicle maker Great Wall Motor aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman said on Wednesday.

U.S. aviation regulator pledges rigorous certification for Boeing 777X

The U.S. aviation regulator will ensure certification of Boeing’s 777X wide-body jet is conducted rigorously, the agency’s head said on Wednesday while reaffirming that its review of the grounded 737 MAX will not be rushed.

Union threatens strikes unless Lufthansa makes concessions in wage dispute

A trade union representing Lufthansa’s cabin-crew on Wednesday threatened strikes that could fall during the busy Christmas period if Germany’s biggest airline does not make concessions in a wage dispute.

BMW in talks with workers about efficiency measures

BMW is in talks with labor representatives and its top suppliers as it seeks to achieve cost savings of more than 12 billion euros ($13.26 bln) by 2022, Chief Financial Officer Nicolas Peter told analysts on Wednesday.

Loss-making Norwegian Air appoints new CEO to lead restructuring

Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier’s restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.

Target lifts profit goal on expected holiday boost, shares surge

Target Corp raised its full-year earnings forecast on Wednesday, signaling a strong holiday season as the retailer benefits from its investments in same-day delivery services and store revamps, sending its shares up 9%.

If Lufthansa doesn’t make concessions, we’ll announce strikes: union

Trade union UFO said on Wednesday that it would announce strikes that could fall during the Christmas period if Lufthansa does not make concessions in a wage dispute.

Lufthansa: We’ll use the next seven days to try to solve wage dispute

Lufthansa said on Wednesday it would use the next seven days to try to reach a solution in a wage dispute with employees after trade union UFO said it would announce strikes if the airline does not make concessions.

Blain: “I Am Still Trying To Figure Out How Boeing Survives”

Blain: “I Am Still Trying To Figure Out How Boeing Survives”

Blain’s Morning Porridge, submitted by Bill Blain of Shard Capital

“If you can walk away from a landing, it’s a good landing. If you can use the plane the next day, its an outstanding landing.”

No US China trade deal! Â Just threats of more tariffs – quelle surprise. After Tesla made a surprise profit and announced cash in the bank, I’m glad I held onto 6 Shares ” they are going to make me indescribably wealthy in dotage (dream on…) After not watching the indescribably awful Boris vs Corbyn debate last night (I tried, but it was just too painful), I am wondering why we put our trust in such frankly terrible people? Â I guess it’s because we share their worst characteristics and aspirations ¦.

I did watch a masterclass on comparative media-handling skills this morning; a very erudite and engaging chap from the SNP sat on the Brek-drek couch, held an open and engaging posture, listened to the presenters, nodding in agreement with them, kept calm, considered and answered conversationally, all the while still giving the same response about it being Scotland’s right to another referendum to every question. He was good. Then some dimwit Tory/Labour spokesperson proceeded to talk down to the presenter, ranted combatively about how Corbyn/Boris said something they didn’t, and treated everyone with disdain. She seemed to think constantly repeating the same stock answer made what she was declaring fact. Â

This election just ain’t working for me ¦ ¦Â

So, lets get back to business and talk about finance and markets ¦

Aviat …

Watch Live: Sondland Claims Giuliani “Demand” For Ukraine Probe Was “Quid Pro Quo”

Watch Live: Sondland Claims Giuliani “Demand” For Ukraine Probe Was “Quid Pro Quo”

Update (9 am ET): As the hearing begins, it appears Sondland has already outlined his approach in a statement leaked to the Guardian.

And that approach is: Blame Rudy.

Sondland alleges that he, Energy Secretary Rick Perry, and others were ordered by President Trump to work with Giuliani on all things Ukraine-related.

And that they followed those orders so as not to miss the opportunity to cement closer relations between the US and Ukraine.

Sondland also blamed Giuliani for the quid pro quo with the Ukrainians, as they sought an Oval Office meeting with President Trump.

The entirety of Sondland’s opening remarks have now been leaked to the press. Read a summary here. Read the entirety of his remarks below:

Opening Statement of Ambassador Gordon D by

Rabobank: “An Objective Analysis Of Impeachment Shows Very Little Damage To Trump So Far”

Rabobank: “An Objective Analysis Of Impeachment Shows Very Little Damage To Trump So Far”

Submitted by Michael Every of Rabobank

Having started yesterday’s Daily œThere was more bad trade news for markets to focus on yesterday, it was of course inevitable that today’s Daily would have to start œThere was more good trade news for markets to focus on yesterday. Such seems to be the bipolar cycle of reporting on this topic which is, apparently, more important to the imminent health of the global economy than anything and everything. As I have tried to make clear here many times before, the trade war is not the main reason why the global economy has been slowing, and will slow further into 2020. But moving on ¦

That’s after Bloomberg again reports the US and China are considering a roll-back of at least some of the existing US tariffs in place as part of a œphase one trade deal. The long, rambling piece, which needs an editor more than the average Global Daily does, underlines that perhaps–perhaps!–the December US tariffs might not be imposed (which would not be a huge surprise), and the recent September tariffs might be removed, in exchange for ¦something. What that is exactly is still not clear, beyond the magic word œagri (and the hidden magic word œelection ). Some serious horse-trading is underway both within the White House and between Washington DC and Beijing.

Yet this may already have been eclipsed by the action of the US Senate, which in a unanimous vocal œYes/No vote Wednesday morning Asian time (6PM EDT in the US), passed a bill supporting …

Over 100 Protesters Killed In Iran Amid Largest Internet Shutdown In Nation’s History

Over 100 Protesters Killed In Iran Amid Largest Internet Shutdown In Nation’s History

Now five days into widespread protests in some one hundred Iranian cities after a dramatic gas price hike last Friday, Amnesty International reports that at least 106 have been killed.Â

However, œThe organisation believes that the real death toll may be much higher, with some reports suggesting as many as 200 have been killed, Amnesty said in a statement.

This as the government has cut off internet access across much of the country, resulting in few videos of clashes with police reaching the West, as in the early couple of days of the unrest.Â

DHFL to become the first NBFC to go under IBC proceedings

DHFL to become the first NBFC to go under IBC proceedingsR Subramaniakumar, ex-CEO of Indian Overseas Bank has been appointed as administrator.

Zee promoters sell majority stake to pare debt

Zee promoters sell majority stake to pare debtZee Entertainment promoters are expecting to recover Rs 5,000 crore from the deals.

FMCG cos stare at another ‘Patanjali’ moment

FMCG cos stare at another ‘Patanjali’ momentProposed bans on single-use plastic and on sale of junk foods may prompt FMCG companies to change.

Outside the Box: Democrats will avoid the real causes of the student loan crisis at Wednesday’s debate

Government mostly manufactured the student loan crisis.

Why Europe can’t agree on a fiscal boost

Surplus countries remain deaf to calls for more stimulus

Need to Know: Your three-stock survival kit for 2020, says this equity strategist

Our call of the day from Nuveen’s equity strategists says investors need to brace for a coming year that won’t top the 20%-plus gains we’ve been seeing. The key to survival are these three stocks.