Written by Gary
SP 500, Nasdaq hit new historic highs as chips rally on trade optimism (SPY +0.6%). Investors turn to risk as the US and China were nearing a trade truce.
Here is the current market situation from CNN Money | |
 | North and South American markets are mixed today. The S&P 500 is up 0.59% while the IPC gains 0.04%. The Bovespa is off 0.28%. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
| S&P 500, Nasdaq hit new highs as chips rally on trade optimismThe S&P 500 and the Nasdaq indexes hit record highs on Monday, as a report that the United States and China were nearing a trade truce sparked a rally in Apple and semiconductor stocks, with sentiment also buoyed by a raft of blockbuster deals. |
| Texas settles with T-Mobile, Sprint over merger: statementTexas’ attorney general has settled with T-Mobile Inc and Sprint Corp and will drop his opposition to the $26.5 billion merger, leaving just Democratic attorneys general fighting the proposed combination. |
| Brazil minister says it’s ‘impossible’ to put value on Eletrobras privatizationBrazil’s mines and energy minister said on Monday it is “impossible” to say how much the privatization of state-run power company Eletrobras SA will raise, despite an earlier government estimate of 16.2 billion reais ($3.84 billion). |
| China and U.S. moving closer to trade deal, but no agreement on tariff rollbacks: reportChina and the United States are “moving closer to agreeing” on a “phase one” trade deal, the Global Times, a tabloid run by the ruling Communist Party’s official People’s Daily, reported on Sunday. |
| Charles Schwab to buy TD Ameritrade in $26-billion blockbuster brokerage dealCharles Schwab Corp agreed on Monday to buy TD Ameritrade Holding Corp in an all-stock deal valued at $26 billion, creating a brokerage giant in a market that has been ravaged by price wars. |
| World share markets rally on revived trade hopes; gold slipsGold fell for a fourth straight session and global equity markets rallied on Monday, with the Nasdaq and S&P 500 hitting new highs on revived hopes the United States and China could soon sign an interim deal to end their prolonged trade war. |
| ‘Unfit’ Uber loses London license over safety failuresUber was stripped of its license to carry paying passengers in London on Monday for the second time in just over two years, pending an appeal, over a “pattern of failures” on safety and security. |
| McDonald’s to pay $26 million to settle California wage lawsuitMcDonald’s Corp agreed to pay $26 million to settle a nearly seven-year-old lawsuit accusing the fast food chain of underpaying U.S. staff at its corporate-owned restaurants in California. |
| Oil steadies on U.S.-China trade talks optimismOil prices were little changed on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their trade war. |
| Trump Bestows Conan The Military Dog With Special Award For BraveryTrump Bestows Conan The Military Dog With Special Award For Bravery Update (12:45pmET): As it turns out, today’s Rose Garden gathering had nothing to do with any of the major issues of the day. Instead, Trump staged a photo op with Conan, the special ops canine commando who, according to the US government, was wounded in the al-Baghdadi raid.
Trump jokingly warned reporters not to open their mouths since Conan is “trained to attack” – a joke that will undoubtedly be interpreted as a flagrant assault on the free press by the good journalists of the NYT and WaPo. Trump said he met with the special forces soldiers involved in the raid earlier on Monday, and bestowed Conan with an award for his bravery. The dog was given a medal and a plaque. Both Conan and the soldiers did a fantastic job, Trump said, adding that the dog is “so brilliant and so smart.” Interestingly, while Pence scratched his head, Trump didn’t pet or touch Conan. When asked if he’d like to pet the dog, he ignored the question. The press … |
| Will The Global De-Dollarization Collapse The Greenback?Will The Global De-Dollarization Collapse The Greenback? Authored by Andrew Moran via LibertyNation.com, The U.S. dollar has been as good as gold for the last 70 years, enjoying its hegemony as the international reserve currency. Despite the Federal Reserve destroying the greenback’s value over the last 100 years, foreign governments, central banks, and global financial markets have depended on the buck for everything, from its status as a safe-haven asset to its use in worldwide transactions. As the saying goes, all good things must come to an end, and it might be time to bid farewell to the dollar. |
| China Reminds Hong Kong Who’s Boss After Pro-Democracy Election VictoriesChina Reminds Hong Kong Who’s Boss After Pro-Democracy Election Victories China has issued a stark warning following a stunning landslide victory for pro-democracy candidates in Hong Kong’s first elections since anti-government unrest gripped the city several months ago. |
| The Difference Between Investing & SpeculationThe Difference Between Investing & Speculation Authored by Lance Roberts via RealInvestmentAdvice.com, Are you an œinvestor  or a œspeculator?  |
| Post stake sale at Zee, Subhash Chandra quits as chairmanPost stake sale at Zee, Subhash Chandra quits as chairmanThe stake sale in ZEEL was conducted in order to repay loan obligations to certain lenders of the group. |
| Rapid expansion burns a hole in Oyo’s booksRapid expansion burns a hole in Oyo’s booksOyo reported a net loss of 23.85 billion rupees ($332 million) in the year to March 2019. |
| IL&FS: Two bank bosses face NCLT heatIL&FS: Two bank bosses face NCLT heatThe bank sources said they have never been directed by the tribunal to be present for the hearing. |
| Key Words: ‘Wake up!’ Former Moonie says the ‘Cult of Trump’ needs ‘deprogramming’Anthony Scaramucci said it. So did Dan Rather. Now it’s a former member of the Unification Church cult Steve Hassan offering up his perspective on what he sees as a œdestructive cult led by President Trump. |
| Rex Nutting: How to talk about the economy with your family at ThanksgivingIf Thanksgiving dinner were distributed the way that wealth is in America, one person would get half the pie, while 10 people would gnaw on skin and gristle. |
| Cannabis Watch: Aurora Cannabis stock slides after dilutive bond deal, drags broader sector lowerCannabis stocks were mostly lower Monday, with Aurora Cannabis slumping after the company carried through a convertible debt swap that is highly dilutive for its shareholders. |
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