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☆ Gold eyes 3rd weekly gain as lower inflation cements Fed cut bets
▼ + stars: | 2023-12-01 | by ( Harshit Verma | ) www.reuters.com time to read: +2 min

Spot gold rose 0.3% at $2,042.58 per ounce by 0621 GMT on Friday, and is up about 2% for the week so far. The metal rose $60 in November in its second straight monthly gain. Data on Thursday showed U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest in more than 2-1/2 years. "However, month-end flow may have also been a factor, and seasonality tends to favour gains for gold between November and December," City Index's Simpson added. Spot silver and platinum edged up 0.1% to $25.29 and $927.44 per ounce, respectively, while palladium rose 0.4% to $1,011.65.

Persons: Alexander Manzyuk, Powell, Matt Simpson, CME's, Index's Simpson, Hugo Pascal, Harshit Verma, Nivedita Bhattacharjee, Mrigank Organizations: REUTERS, Federal, Reuters, Federal Reserve, Traders, U.S, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru

☆ These 10 stocks notched double-digit gains and outperformed the market in November
▼ + stars: | 2023-12-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

FL YTD mountain Foot Locker (FL) performance year-to-date Foot Locker (FL) climbed 28.3% during November, making it the Club's No. Foot Locker stock, down more than 26% year-to-date, closed 1.4% lower Thursday, at just under $27.28 apiece. CRM YTD mountain Salesforce (CRM) performance year-to-date Salesforce (CRM) shares jumped 25.4% in November, coming in second place for monthly gains. NVDA YTD mountain Nvidia (NVDA) performance year-to-date Nvidia (NVDA) — an "own it, don't trade it" name — was the portfolio's fifth-best performer in November. WFC YTD mountain Wells Fargo (WFC) performance year-to-date Shares of Wells Fargo (WFC) jumped 12.07% in November, as the broader market rally lifted financials.

Persons: Jim Cramer, Mary Dillon's, Locker, Palo, CrowdStrike, We're bullish, —, Wall, Walt Disney, Nelson Peltz's, Wells, Morgan Stanley, Sam Altman, OpenAI, Altman, Jim Cramer's, Jim, Michael M Organizations: —, Palo Alto Networks, Palo Alto, Management, Nvidia, DIS, Walt Disney, Disney, Oracle, Microsoft, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: FL, Palo, Palo Alto, Wells, Wells Fargo, OpenAI, DHR

☆ More than 500 companies had perfect scores on top advocacy group's LGBTQ+ index
▼ + stars: | 2023-11-30 | by ( Courtney Reagan | ) www.cnbc.com time to read: +3 min

(Photo by Rodin Eckenroth/Getty Images)In a year stained by boycotts, protests and heightened consumer choice, hundreds of companies came through for LGBTQ+ equality, according to a leading advocacy group. The Human Rights Campaign Foundation awarded 545 companies with a perfect score on its annual Corporate Equality Index, which evaluates U.S. based companies that opt into the survey on their policies for LGBTQ+ equality. More than 800 of the 1,384 companies scored earned at least 90 of the possible 100 points. When the index first began in 2002, only 13 companies earned the highest score. Target scored a 95 this year, while Anheuser-Busch scored a 75.

Persons: Rodin Eckenroth, they're, Kelley Robinson, Robinson, JPMorgan Chase, Salesforce, Busch, Target, Brian Cornell, we've, Bud, influencer Dylan Mulvaney Organizations: Rights, Foundation, Employees, Cola, JPMorgan, HRC, Target, Anheuser, Nike Locations: Hollywood , California

☆ Home prices kept rising even as mortgage rates surged, S&P Case-Shiller says
▼ + stars: | 2023-11-28 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +1 min

Higher mortgage rates appear to be doing very little to cool home prices. Nationally, prices were 3.9% higher in September compared with the same month a year earlier, up from a 2.5% annual gain in August, according to the S&P CoreLogic Case-Shiller Index. "We've commented before on the breadth of the housing market's strength, which continued to be impressive," Craig Lazzara, managing director at S&P DJI, said in a release. "Although this year's increase in mortgage rates has surely suppressed the quantity of homes sold, the relative shortage of inventory for sale has been a solid support for prices." "Unless higher rates or exogenous events lead to general economic weakness, the breadth and strength of this month's report are consistent with an optimistic view of future results," Lazzara added.

Persons: We've, Craig Lazzara, DJI, Lazzara Locations: Detroit, San Diego, New York, Las Vegas, Phoenix, Portland , Oregon

Hong Kong Spreephoto.de | Moment | Getty ImagesAsia-Pacific markets are set to rebound slightly after the region saw all its major indexes end the day in negative territory on Monday. Earlier on Tuesday, oil prices eased somewhat lower after Qatar said the truce between Israel and Hamas has been extended by a further two days. Japan's markets started the day close to the flatline, with the Nikkei 225 marginally up and the Topix just slightly below the no change mark. South Korea's Kospi was up 0.42%, while the small-cap Kosdaq saw a larger gain of 0.53%. However, Hong Kong's Hang Seng index looks set to extend its losses from Monday, with HSI futures at 17,517 compared to the index's close of 17,525.06.

Persons: Brent, Kospi, Hong Organizations: West Texas, Nikkei Locations: Hong Kong, Asia, Pacific, Qatar, Israel, Australia

☆ The stock market could plunge as much as 27% when the economy finally tips into recession, investment research firm says
▼ + stars: | 2023-11-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

That's because the US economy remains on track to enter a recession as high interest rates take a toll. A downturn could cause stocks to plummet as much as 27%, the investment research firm predicted. Economists have been warning of a potential recession since 2022, when central bankers began to aggressively raise interest rates to tame high inflation. AdvertisementLending conditions are tightening under the influence of higher-for-longer interest rates, leading some experts to warn of a coming default cycle on the horizon. "Cracks" also appear to be forming in the job market as firms slow their pace of hiring, BCA strategists said.

Persons: — Organizations: Research, Service, BCA Research, Fed, ECB, Deutsche Bank , Bank of America, RBC Capital Markets

☆ Argentina’s market rallied sharply on a historic election. How investors can play it
▼ + stars: | 2023-11-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Argentina last week held a historic election in which libertarian candidate Javier Milei came out victorious, sending the country's stock market surging. The Merval , Argentina's stock market benchmark, rallied 42% for the week. The trade Trading in Argentine stocks has historically been a volatile endeavor. That said, there are ways for investors in the U.S. to get exposure to the Argentine market if they think stocks can rise during Milei's presidency. Other U.S.-listed Argentine stocks include oil name YPF — which surged nearly 57% last week — and Banco BBVA Argentina , which is up 34% in 2023.

Persons: Javier Milei, Milei, Diego Pereira, –, Jorge Morgenstern, GlobalX Organizations: JPMorgan, Senate, HSBC, Argentine, Banco BBVA Argentina Locations: Argentina, Argentine, U.S, . U.S

☆ A notorious market bear who called the 2000 and 2008 crashes warns stock valuations are near their most elevated levels ever — and lays out why a 63% decline in the S&P 500 would be consistent with 10
▼ + stars: | 2023-11-25 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Right now, it shows the S&P 500 at levels higher than during the dot-com bubble. According to Hussman's model, the S&P 500 will underperform Treasurys by about 7.5% over the next 12 years, the lowest projection since the 2000 and 1929 bubbles. Actual S&P 500 performance tends to follow Hussman's projections closely. Here's the Shiller cyclically adjusted price-to-earnings ratio for the S&P 500, which averages valuations over the prior 10 years. Much of those gains are thanks to the so-called "Magnificent 7" stocks, the S&P 500's biggest seven stocks by market cap.

Persons: John Hussman, Hussman, Here's, Adam Turnquist Organizations: Hussman Investment Trust, Business, Treasury, Federal, LPL Financial Locations: it's

It ships the goods to FedEx returns centers, where they are sorted by merchant. Consolidating returns can lower transportation costs as much as 20%, said Amena Ali, CEO of returns services provider Optoro. Meanwhile, rival UPS is buying Happy Returns to beef up its e-commerce returns business that has grown 25% since 2020. Roughly 5,200 UPS Store locations will join Happy Returns' established drop-off points, making the service available at more than 12,000 U.S. locations, UPS said. FedEx accepts no label, no box returns at 10,000 U.S. locations including FedEx Office, FedEx Express Ship Centers, and Walgreens (WBA.O).

Persons: Bing Guan, Ryan Kelly, FedEx's, Kelly, Amena Ali, Lisa Baertlein, Will Dunham Organizations: FedEx, Los Angeles International Airport, REUTERS, United Parcel Service, Walmart, Reuters, Optoro, UPS, FedEx Office, FedEx Express Ship Centers, Walgreens, Thomson Locations: Los Angeles , California, U.S, Los Angeles

The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty ImagesAsia-Pacific markets are set to fall after minutes from the U.S. Federal Reserve's Oct. 31 meeting revealed that policy officials maintained that monetary policy had to be restrictive and had little appetite for rate cuts. "In discussing the policy outlook, participants continued to judge that it was critical that the stance of monetary policy be kept sufficiently restrictive to return inflation to the Committee's 2 percent objective over time," the minutes said. The federal funds rate currently stands at 5.25%-5.5%. Futures for Hong Kong's Hang Seng index stood at 17,702 following a volatile trading session on Tuesday, pointing to a weaker open compared with the HSI's close of 17,733.89.

Organizations: Sydney Opera House, Getty, U.S, U.S . Federal, Nikkei Locations: Sydney Opera House Sydney , New South Wales, Australia, Asia, Pacific, U.S ., Chicago, Osaka

☆ S&P 500 to see small gain in 2024 as US economic risks rise - Reuters poll
▼ + stars: | 2023-11-21 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

The S&P 500 is up about 18% for 2023 to date. WFII sees the S&P 500 ending next year between 4,600 and 4,800. Geopolitical problems are among other risks to the market heading into 2024, strategists said, with investors closely watching the war between Israel and Hamas militants in Gaza. Overall S&P 500 earnings growth for 2023 is estimated at 2.3% after a weak first half of the year, according to LSEG data. The S&P 500 index's forward 12-month price-to-earnings ratio is now at 19.1, up from 17 at the end of 2022 and its long-term average of about 16, based on LSEG data.

Persons: Brendan McDermid, Paul Christopher, WFII, CME's, Goldman, Tim Ghriskey, Ingalls & Snyder, Dow, Caroline Valetkevitch, Chuck Mikolajczak, Sinead Carew, Stephen Culp, Pranoy Krishna, Rahul Trivedi, Sarupya Ganguly, Alexandra Hudson Organizations: New York Stock Exchange, REUTERS, Reuters, Wall, Federal, Wells, Wells Fargo Investment Institute, U.S, Ingalls &, Dow, Alexandra Hudson Our, Thomson Locations: New York City, U.S, Wells Fargo, Israel, Gaza, New York, Monday's, Bengaluru

☆ 'Funflation' drives sporting event ticket prices up a whopping 25%
▼ + stars: | 2023-11-21 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

'A gigantic bounce back'Admission prices for sporting events jumped 25.1% in October 2023 from the same month a year prior, according to the Bureau of Labor Statistics' consumer price index data. There's also an alignment of attention-grabbing sporting events taking place this fall. Sports ticket prices were 14.2% higher in October than in November 2019, a smaller gain than the entire index's 19.6% increase, a CNBC analysis of CPI data shows. "We're seeing a gigantic bounce back in prices," Matheson said. StubHub said ticket prices across the top 10 sporting events were 15% higher in 2022 than they were in 2023.

Persons: John Brown, Bryan M, Bennett, Dan Hornberger, That's, Victor Matheson, Matheson, There's, Lionel Messi's, Taylor Swift, StubHub, Rodney Paul, Paul Organizations: Buffalo Bills, New England Patriots, Highmark, Getty, National Football, Philadelphia Eagles, Bureau of Labor Statistics, College of, Inter Miami, Sports, CNBC, NFL, Major League Baseball, National Hockey League, NBA, Syracuse University Locations: Orchard Park , New York, Las Vegas

☆ Asia markets set to bounce at the start of the week, ahead of China benchmark lending rate release
▼ + stars: | 2023-11-20 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

Investors watch computer screens displaying stock price figures at a stock exchange hall. Jiang Sheng | Visual China Group | Getty ImagesAsia-Pacific markets were mostly set to eke out gains on Monday after most major bourses ended lower in the previous session, while investors watched for changes to China's benchmark lending rates. The People's Bank of China's one-year loan prime rate — the peg for most household and corporate loans in China — is currently at 3.45%. Futures for Hong Kong's Hang Seng index stood at 17,728, pointing to a higher open compared to the HSI's close of 17,454.19. Japan's Nikkei 225 was also set to open slightly lower, with the futures contract in Chicago at 33,500 and its counterpart in Osaka at 33,490 against the index's last close of 33,585.20.

Persons: Jiang Sheng, China —, Alibaba Organizations: Visual China, Getty, People's Bank, Nikkei Locations: Asia, Pacific, China's, China, Hong Kong, Chicago, Osaka, Australia

☆ Jim Cramer believes Broadcom will get more investor attention when shares cross the $1,000 mark
▼ + stars: | 2023-11-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Jim thinks AVGO shares will cross $1,000 which will get more people's attention. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, AVGO, Goldman Sachs, Jim Cramer's Organizations: CNBC, Broadcom, VMware, U.S, Adobe, Jim Cramer's Charitable Locations: China

☆ Stocks are entering the next leg of the bull market and the S&P 500 can hit a record-high of 5,000 by end of 2024, veteran strategist says
▼ + stars: | 2023-11-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The S&P 500 could be on track to notch a new record next year, according to market vet Phil Orlando. AdvertisementThe bull market in stocks has more room to run, and it could take the S&P 500 to a new high by the end of next year, one market veteran says. Orlando sees the S&P 500 surging to 5,000 by the end of 2024, representing an upside of around 10% from the benchmark index's current levels. Higher bond yields influence other interest rates in the economy, which have also helped tighten financial conditions. The S&P 500 has climbed 7% over the past month, trading around 4,535 on Monday.

Persons: Phil Orlando, —, Orlando, They've Organizations: Federated Hermes, Service, Bloomberg, Fed, Treasury

☆ The shortened trading week features earnings from our best stock of the year
▼ + stars: | 2023-11-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

After making three trades this week, we're heading into a shortened trading week. NVDA YTD mountain Nvidia YTD Shares of Nvidia closed Nov. 14 at a record high of $496.56 each. Here's the full rundown of all the important domestic data in the week ahead, which also features a slew of earnings from brand-name retailers. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: FactSet, It's, Jim Cramer, NIU, Jack, JACK, Jim Cramer's, Jim, New York Stock Exchange Michael Nagle Organizations: Fed, TJX, Palo Alto Networks, PMI, ISM, Institute for Supply Management, Nvidia, Apple, Technologies, Video Communications, Agilent Technologies, Baidu, Abercrombie, Fitch, Burlington Stores, Eagle Outfitters, Dick's Sporting, Autodesk, HP, Nordstrom, Urban Outfitters, Deere & Company, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: U.S, China

☆ It's been 2 years since the Nasdaq hit a record and it's gone nowhere since
▼ + stars: | 2023-11-18 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The loudest investor chatter for months has insisted the heavyweights of the Nasdaq have been everything to the market in 2023. Sunday is the second anniversary of the all-time closing high in both the Nasdaq Composite and Nasdaq 100 indexes, which remain 12% and 4 % underwater even after their monster gains in recent months. It's relatively rare for the Nasdaq 100 – the most easily investable part of the Nasdaq and the one most reflective of the mega-cap dominance – to enter a two-year downturn. Only three of the Big Seven have outperformed the Nasdaq 100 over the past two years – Apple, Nvidia and Microsoft — while Meta Platforms has kept pace and Amazon, Alphabet and Tesla have lagged. Friday showed signs of outright rotation, the Russell 2000 up 1.3% versus a flat Nasdaq 100.

Persons: Invesco, Scott Chronert, we've, I've, –, Chronert, Apple's, What's, Berkshire Hathaway, Tony Pasquariello, Goldman Sachs, Russell, disinflation Organizations: Nasdaq, Sunday, QQQ, Citi, Apple, Nvidia, Microsoft, Meta, Berkshire, Fed Locations: lockstep, Berkshire, Whereto

☆ Alibaba sheds $20 billion in market value after scrapping plans to list its cloud business
▼ + stars: | 2023-11-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Shares of Chinese tech giant Alibaba tumble on Sept. 11, 2023 after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as chairman and CEO of its cloud business. Chinese e-commerce giant Alibaba saw $20 billion wiped off its market capitalization after announcing that it would no longer spin off and list its cloud computing business. At Thursday's market close in Hong Kong, Alibaba's market cap was 1.65 trillion Hong Kong dollars ($211.6 billion). On Friday, Alibaba's market cap sank to 1.49 trillion Hong Kong dollars ($191.1 billion). That translates to a loss of $21.1 billion in market cap, according to CNBC calculations of data from FactSet.

Persons: Daniel Zhang, Alibaba, Joe Tsai Organizations: Cloud Intelligence, Cloud Intelligence Group, Amazon Web Services, Microsoft, Google, Hong Kong, CNBC Locations: Hong Kong, FactSet, Alibaba's Hong Kong

☆ Monthly Meeting Q&A with Jim Cramer on 20 stocks in everything from tech to industrials to drugs
▼ + stars: | 2023-11-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

(Anthony) Jim Cramer: There were some China statistics that showed that the consumer was doing slightly better. (David) Jim Cramer: The roadblock is that the money is at the state level. (Narayan) Jim Cramer: " Own, don't trade" is about trying to keep us in a stock that otherwise we would trade out of. (Jim) Jim Cramer: First, I think we have to remember Ford actually has a lot of money on its balance sheet — a lot of cash. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jeff Marks, Estee Lauder, Anthony, Jim Cramer, Wynn, It's, David, I'm, Narayan, it's, Steve Jobs, John, Tom Jorden, That's, Capex, Paul, Procter, Jim Farley, Jim, Ford, Shawn Fain, Farley, Donald, Larry Culp, He's, GEHC, Eli Lily, Louis, Lilly, Zepbound, We've, Alzheimer's, tirzepatide, hasn't, Edmundo, we've, haven't, Linde, Theresa, Jim Cramer Rob Kim Organizations: Investing Club, Club, Caterpillar, Amazon, Nvidia, Apple, Web Services, Natural Resources, Exxon, Procter, Gamble, United Auto Workers, GE Healthcare, Electric, GE, General, Merck, Drug Administration, Novo Nordisk, Linde, LIN, Trust, Barrick, CNBC Locations: China, reaccelerate, GEHC

☆ Homebuilder sentiment drops to lowest point in a year, but falling rates spur some optimism
▼ + stars: | 2023-11-16 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

High mortgage rates continue to weigh on the nation's homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon. Homebuilder sentiment fell six points to 34 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Sentiment is down 22 points since July and is now at the lowest level since the end of last year. "In particular, the 10-year Treasury rate moved back to the 4.5% range for the first time since late September, which will help bring mortgage rates close to or below 7.5%," he said.

Persons: Alicia Huey, Robert Dietz, NAHB's Organizations: National Association of Home Builders, Market, Treasury Locations: Wells Fargo

☆ We're adding a transformed industrial stock to the portfolio with a small buy
▼ + stars: | 2023-11-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Following the trade, Jim Cramer's Charitable Trust will own 65 shares, representing about 0.50% of the portfolio. These multiyear themes are driving investment in the company's key markets, which are Commercial Buildings, Data Centers, Industrial, Residential Buildings, Utility, Aerospace, e-mobility, and Legacy Vehicle. By the way, artificial intelligence should be an additional tailwind to Eaton's Data Center business. AI data centers require both higher power and higher power density relative to traditional data centers, resulting in three times the electric content. One more theme benefitting Eaton's Data Center business is the need to generate electricity in a clean and sustainable way.

Persons: Jim Cramer's, Eaton, Jim Cramer, Jim Organizations: Eaton Corporation, Data Centers, Industrial, Aerospace, Data Center, Airbus, America's Boeing, Dubai Air Show, Boeing, Jim Cramer's Charitable, CNBC, NYSE Locations: Eaton, industrials, North America

☆ Putin's war with Ukraine has basically killed off one of Russia's most successful tech companies
▼ + stars: | 2023-11-15 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Putin's war in Ukraine may have killed off one of Russia's most promising tech companies. AdvertisementPutin's war in Ukraine has taken quite a toll on the country's most successful tech company. The Dutch-domiciled company owns Russia's most popular search engine, which is often referred to as "Russia's Google." AdvertisementIt was also one of the most promising Russian tech companies in terms of global expansion. The tech company has, however, come under increasing government scrutiny in recent years after Putin's invasion of Ukraine in February 2022.

Persons: —, Arkady Volozh, Volozh, Yandex Organizations: Yandex, Service, Bloomberg, Google, Reuters, VK Locations: Ukraine, Russian, Israel, Russia

☆ Here’s a rapid-fire update on all 35 stocks in our portfolio, including a new industrial
▼ + stars: | 2023-11-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Honeywell International (HON): This is the most undervalued stock in our portfolio, Jim said. In a diversified stock portfolio, Jim said there's always room for high-quality companies like P & G, which also has a track record of raising its dividend. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

Persons: Jim Cramer's, Jim, Bausch, That's, Dupont De Nemours, Dupont, Danaher, Walt Disney, Estee Lauder, Locker, Vimal Kapur, we're, We've, we've, Linde, Eli Lilly, Eli, hasn't, Mark Zuckerberg, Meta's, Zuckerberg, Morgan Stanley, Morgan Stanley's, Ted Pick, James Gorman, he's, there's, Patience, Stanley Black, Decker, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Amazon Web Services, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Coterra Energy, Disney, Eaton Corp, Emerson, Ford, Union Auto Workers, GE Healthcare Technologies, General Electric, GE, Management, Google, YouTube, Honeywell International, Honeywell, Linde, LIN, Reality Labs, Microsoft, Nvidia, U.S, Oracle, Palo Alto Networks, Procter & Gamble, Starbucks, Constellation Brands, Corona, Modelo, Stanley, TJX, Wynn Resorts, WYNN, Trust Locations: China, India, Salesforce's, redeploy

☆ Asia markets set for gains ahead of Biden-Xi talks
▼ + stars: | 2023-11-14 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were set to rise on Tuesday as investors look ahead to highly anticipated talks between the U.S. and China as well as more economic data. U.S. President Joe Biden and China's President Xi Jinping's will meet in-person in San Francisco later in the day, for the first time in about a year. Futures for Hong Kong's Hang Seng index stood at 17,659, pointing to a weaker open compared with the HSI's close of 17,426.21. Japan's Nikkei 225 is also set to rise, with the futures contract in Chicago at 32,820 and its counterpart in Osaka at 32,780 against the index's last close of 32,585.11. In Australia, the S&P/ASX 200 rose 0.71% in an attempt to recover from the last two sessions of declines.

Persons: Joe Biden, Xi Jinping's Organizations: U.S, Nikkei Locations: Tokyo, Japan, Asia, Pacific, China, San Francisco, Chicago, Osaka, Australia

☆ CNBC Daily Open: Moody’s downgrade won’t dent the Treasury market
▼ + stars: | 2023-11-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. South Korea's Kosdaq index rose around 2.2%, snapping a five-day losing streak. Hence, Biden and Xi will likely focus on "prevent[ing] a crisis," according to a political commentator. Consumer spending fellU.S. October retail sales, excluding autos and gas, fell 0.08% month on month, while core retail, which excludes restaurants, declined 0.03%, according to the new CNBC/NRF Retail Monitor.

Persons: Australia's, Biden, Xi, Joe Biden, Xi Jinping, That'll, Exxon, Morgan Stanley Organizations: CNBC, Dow Jones, NRF, Exxon, Exxon Mobil Locations: Asia, Pacific, U.S, Arkansas

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