27Nov2019 Pre-Market Commentary: Where Will The Markets Go Today?

Here is the current market situation from CNN Money

European markets are higher today with shares in London leading the region. The FTSE 100 is up 0.49% while Germany’s DAX is up 0.28% and France’s CAC 40 is up 0.06%.

Manchester City owner scores $4.8 billion price tag with stake sale

Manchester City’s Abu Dhabi-controlled owner has agreed to sell a $500 million stake to U.S. private equity firm Silver Lake, making it the world’s most valuable soccer group with a $4.8 billion price tag.

Factbox: From Madison Square Garden to Alibaba, Silver Lake’s $43 billion empire

U.S. private equity firm Silver Lake has bought a 10% stake in Manchester City’s Abu Dhabi-controlled owner, adding to its $43 billion worth of investments which include the world’s best-known sports venues and teams as well as technology companies.

Factbox: Ownership of leading European soccer clubs

The Abu Dhabi-controlled soccer group that owns Manchester City has agreed to sell a $500 million stake to U.S. private equity firm Silver Lake, making it the world’s most valuable soccer group with a $4.8 billion price tag.

Deere reports lower quarterly earnings

Deere & Co. on Wednesday reported lower fourth-quarter earnings, hurt by trade tensions as well as poor weather in the U.S. farm belt that have slowed equipment purchases by farmers.

Global stocks nearing record highs on trade hopes

World shares made another push for a record high on Wednesday after U.S. President Donald Trump said Washington and Beijing were in the final throes of inking an initial trade deal.

BMW management and labor reach agreement to cut costs

BMW management and labor have reached an agreement on measures to reduce costs that avoids “drastic measures”, the German carmaker said on Wednesday.

Commerzbank managers keeping staff in dark on overhaul, union says

Commerzbank managers are keeping employees in the dark about the German lender’s overhaul plans, a union representative said on Wednesday.

Plentiful supplies to hamper molybdenum’s price rally

Bargain hunters have helped molybdenum recover after prices crashed to two-year lows, but ample supplies of the metal used to make stainless steel mean further significant gains for now are unlikely, analysts say.

Oil steadies above $64 as trade hopes offset U.S. inventories

Oil steadied above $64 a barrel on Wednesday as an industry report showing a surprise boost in U.S. crude inventories was offset by optimism about a U.S.-China trade deal being agreed soon.

Mexico Pushes Back Against Trump Plan To Label Cartels Terror Groups

Mexico Pushes Back Against Trump Plan To Label Cartels Terror Groups

Mexican officials are sounding the alarm after President Trump told Bill O’Reilly during a radio interview that he would “absolutely” designate Mexico’s drug cartels as terror groups.

Obama Admits He Would Speak Up Only To Stop Bernie Sanders Nomination

Obama Admits He Would Speak Up Only To Stop Bernie Sanders Nomination

As we noted earlier, a bombshell admission from “Politico” today exploring Obama’s substantial behind the scenes influence as Democratic kingmaker: included in the lengthy profile on the day-to-day of the former president’s personal office in the West End of Washington D.C.

European Central Banks Are Slowly Preparing For Plan B: Gold

European Central Banks Are Slowly Preparing For Plan B: Gold

Written by Jan Nieuwenhuijs of Voima,

It was long believed in the gold space that Western central banks are against gold, but things have changed, for quite some years now. Instead of discouraging people from buying gold, or convincing them that gold is an irrelevant asset, many of these central banks are increasingly honest about the true properties of this monetary metal. Stating that gold is the ultimate store of value, that it preserves its purchasing power through time and is a global means of payment. Such statements, combined with actions that will be discussed below, reveal that more and more central banks are preparing for plan B.

Schiff Hits The Fan: First House Democrat Publicly Opposes Impeachment

Schiff Hits The Fan: First House Democrat Publicly Opposes Impeachment

With public support for impeachment waning and the risk of a potentially disastrous Senate trial looming, House Democrats have suffered their first impeachment defection after Rep. Brenda Lawrence of Michigan said she no longer supports the effort.

“We are so close to an election. I will tell you, sitting here knowing how divided this country is, I don’t see the value of taking him out of office,” said Lawrence, who instead favors censuring President Trump over allegations that he withheld military aid in Ukraine for self-serving purposes, according to the Washington Examiner.

Hype around son as Mittal prepares for a grand homecoming

Hype around son as Mittal prepares for a grand homecomingArcelorMittal is integrating Essar Steel into its fold, marking the global giant’s first major foray here.

Why the Karvy scam was so easy to pull off

Why the Karvy scam was so easy to pull offGoing by what Sebi has found, Karvy appears to be a particularly brazen and large scale heist.

Prices of 80% of medicines may soon fall

Prices of 80% of medicines may soon fallBig pharma companies with generic divisions ” such as Sun Pharma, Cipla and Lupin ” will have to reduce MRP.

Early Headlines: Asia Stocks Mixed, Dollar Up, Oil Mixed, Gold Down, Yields Up, Trump Polls Mixed Swing States, Impeachment, Giuliani, US Storms, China Slows More, UK Sell NHS?, Iran Banks Burn, Plus More – 23 Articles, 9 Graphics

Written by Econintersect

Early Bird Headlines 26 November 2019

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, published Monday, Wednesday and Friday, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

Cannabis Watch: Cannabis stocks rocked as FDA warning undermines case for CBD investments

Cannabis stocks were slammed anew on Tuesday, after the U.S. Food and Drug Administration issued new guidance on CBD that included a stark warning that it can cause liver injury and other damage to the human body.

With six fewer holiday season shopping days there’s no time for impulse purchases, which is bad for retail

This year’s holiday season has fewer shopping days, which could be bad for retailers don’t have speed and convenience capabilities.

Best Buy’s health offerings now serving 1 million seniors, with a goal of 5 million in fiscal 2025

Best Buy is building a customer base among seniors, with the goal of keeping them in their homes longer and lower health-care costs.