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U.S. banal futures were pointing to a hardly college accessible advanced of the Friday session, with account after-effects blind in the balance. The Dow, S&P 500 and Nasdaq are all aiming for a fourth beeline absolute week, but the Dow is bottomward 125 credibility for the anniversary advanced of Friday trading, with the S&P 500 collapsed and the Nasdaq up 6 points.
* Treasury yields abatement as traders adviser US-China barter talks (CNBC)
The annual “quadruple witching,” featuring the cessation of a array of options and futures contracts, could add to animation today. Trading has angry somewhat aerial in contempo weeks with neither the Dow nor S&P 500 announcement a move of 1% or added aback Sept. 5. By contrast, the Dow acquaint 12 moves of 1% or added in August, with the S&P 500 accomplishing so 11 times.
No government bread-and-butter letters are out today, but investors will accept three Fed-related contest to ponder. Fed Carnality Chairman Richard Clarida will be a bedfellow on CNBC’s “Squawk on The Street” at 10 a.m. ET, while Boston Fed Admiral Eric Rosengren and Dallas Fed Admiral Robert Kaplan will accept accessible appearances. No balance letters are appointed for today, either this morning or afterwards today’s closing bell. (CNBC)
* Fed’s Bullard says acid ante by a bisected point would accept been ‘more appropriate’ (CNBC)
The aperture hour of “Squawk on the Street” is now a podcast. Listen to bazaar affective account and interviews on the go. Got any questions, comments or account for us actuality at “Morning Squawk?” Email [email protected]
The U.S. is briefly exempting added than 400 types of Chinese articles from tariffs that Admiral Donald Trump’s administering imposed aftermost year. The exclusions accommodate things like Christmas timberline lights, artificial straws and dog leashes. They are allotment of the $250 billion account of Chinese appurtenances that the U.S. hit with tariffs aftermost year. (CNBC)
* US and Chinese barter assembly face off in Washington (Reuters)* ‘We were wrong’: Koch arrangement to change action adjoin Trump’s barter war afterwards ad advance avalanche abbreviate (CNBC)
Ten Democratic presidential candidates, including frontrunner above Carnality Admiral Joe Biden and abutting additional Sen. Elizabeth Warren, will accumulate today at Coe College in Cedar Rapids, Iowa to altercate LGBTQ issues. (USA Today)
* Idea of Warren admiral frightens investors at the CNBC-Institutional Investor ‘Delivering Alpha ‘conference: ‘She’s not my applicant of choice’
The House anesthetized a bill to armamentarium the government for two months and abstain addition shutdown. The Democratic-held alcove accustomed the admeasurement to accumulate the government active through Nov. 21. It now active to the Senate, area Majority Leader Mitch McConnell has signaled he will aback a acting spending plan. (CNBC)
The Pentagon will present a ample ambit of aggressive options to Trump today as he considers how to acknowledge to what administering admiral say was an aberrant Iranian advance on Saudi Arabia’s oil industry. The admiral will be presented with a account of abeyant airstrike targets central Iran, amid added accessible responses, the AP reported.
The FDA has opened a bent delving into the account of a abstruse vaping-related lung ache that has sickened 530 bodies and dead eight. Investigators still haven’t begin a account for the vaping-related lung ache that aboriginal starting assuming up in doctors’ offices beyond the country in July. (CNBC)
* Romney, Merkley acquaint bill to tax vaping industry and ban flavored e-cigarettes (CNBC)* Sales of adulterous vaping articles acquisition home online (WSJ)
Facebook (FB) CEO Mark Zuckerberg’s affairs in Washington this anniversary included a chat with Trump at the White House. U.S. regulators accept been eyeing the tech giant, with the FTC in July fining Facebook $5 billion over the company’s aloofness policies.
* Ex-Facebook architect posts YouTube videos biting the ability and badinage about how he was accursed (CNBC)
Apple (AAPL) will see whether upgraded appearance on the new iPhone are abundant to allurement shoppers to retail food about the apple as the new smartphones clearly hit shelves today. Some analysts accept acicular to able appeal in pre-orders, abnormally the lowest-price $699 iPhone 11, as a absolute assurance for Apple branch into the acute anniversary quarter. (CNBC)
* You ability appetite to skip today’s big iPhone amend (CNBC)
Food commitment account Postmates aloft addition $225 actor at a appraisal of $2.4 billion advanced of its antecedent accessible offering. According to TechCrunch, the business affairs to about bare its IPO announcement this ages and accompany the bulk of companies activity accessible this year.
* Fintech aggregation Stripe joins Silicon Valley aristocratic with $35 billion appraisal (WSJ)
Several businesses beyond the nation are closing bottomward today for the Global Altitude Strike. Ben & Jerry’s, Lush, Patagonia, SodaStream and Burton are auspicious their advisers or barter to participate in the bang by closing for the day or for several hours. (USA Today)
* Jeff Bezos unveils across-the-board plan to accouterment altitude change (CNBC)
Delta (DAL) cartage on their way from Atlanta to Fort Lauderdale, Florida, accustomed a above alarm Wednesday as their even alone about 30,000 anxiety in the amplitude of beneath eight minutes, banishment a aberration to Tampa. (USA Today)
In controlling changes, Beyond Meat (BYND) assassin Sanjay Shah as the meat-alternative maker’s arch operating officer. Shah had advanced been chief carnality admiral of Tesla’s (TSLA) solar business. Royal Bank of Scotland (RBS) has called Alison Rose as its new Arch Controlling Officer. She is the aboriginal woman to authority the top atom at a above British lender. Xilinx (XLNX) Arch Financial Administrator Lorenzo Flores is abrogation the chipmaker, which has started a chase for a replacement.
Texas Instruments (TXN) aloft its annual allotment by 17%. The chipmaker will now pay 90 cents per share, up from the above-mentioned 77 cents, with the abutting allotment payable Nov. 18 to stockholders of almanac on Oct. 31.
Alphabet’s (GOOGL) Google assemblage will advance $3.3 billion over the abutting two years to aggrandize its European abstracts centers.
Etsy (ETSY) was upgraded to “outperform” from “sector perform” at RBC Capital Markets, which thinks three afresh appear initiatives will accept a absolute appulse on the online crafts exchange operator’s performance.
Roku (ROKU) was rated “sell” in new advantage at Pivotal Research, which credibility to accretion antagonism in the alive accessory business which will acceptable drive the amount of such accessories to zero.
Molson Coors (TAP) was rated “buy” in new advantage at MKM Partners, which addendum the capability of a new Coors Light ad campaign.
J.C Penney (JCP) is advancing for debt restructuring talks advanced of the anniversary arcade season, according to a Bloomberg report. Sources say declaring defalcation is not a focus of the advancing talks.
Focus Features’ big-screen booty on “Downton Abbey” is accepted to boss the box appointment this weekend, admitting Sylvester Stallone’s “Rambo: Aftermost Blood” is inching closer. Pre-release tracking suggests the two films will accessible in the $18 million-$22 actor range. Amplitude abstruseness Ad Astra, starring Brad Pitt, is attractive to accessible in the mid-teen millions range. (Hollywood Reporter)
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