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10 things you need to know before the opening bell

Published by Business Insider on Mon, 11 Nov 2019


Here is what you need to know.1. China wants four more years of Trump because he's 'easy to read,' says the country's former top trade official. "Trump talks about material interests, not politics. Such an opponent is the best choice for negotiations," Long Yongtu told the South China Morning Post.2. Twitter CEO Jack Dorsey praised Facebook's experimental moves to kill Instagram 'likes'. Dorsey has also questioned whether Twitter's own like count is useful in promoting healthy conversation.3. Jamie Dimon doubled down on his defense of billionaires after Warren spatsaying 'vilify Nazis' instead. The JPMorgan CEO responded again to Elizabeth Warren's criticism, saying we shouldn't "vilify" those "who worked hard to accomplish things."4. Goldman Sachs plans shift from revenue goal at first investor day, according to Reuters. More than two years ago, Goldman Sachs Group told investors it would find $5 billion in fresh annual revenue by 2020. Now, the bank may move away from that goal to focus on a wider range of metrics.5. Malaysian court tells former PM Najib to defend himself in 1MDB-linked case. A Malaysian court on Monday ruled that former Prime Minister Najib Razak will have to defend himself against seven counts of criminal breach of trust, money laundering, and abuse of power in a case linked to the 1MDB scandal.6. Uber CEO Dara Khosrowshahi said Jamal Khashoggi's murder was 'a mistake' by the Saudi government. The Uber executive made the comments during an interview with "Axios on HBO" but later clarified that Khashoggi's murder "should not be forgotten or excused."7. Alibaba's Singles' Day sales hits $13 billion in the first hourup 32% from 2018. Alibaba's singles day is like Amazon's Prime Day.8. Stocks are dropping on Monday. US futures underlying the S&P 500 (-0.3%) and the Nasdaq (-0.4%) are sliding. In Europe, the DAX (-0.5%) fell in morning trading as did the Euro Stoxx 50 (-0.3%). Asian markets slid on close, with the Nikkei (-0.3%), Shanghai Composite (-1.8%) and the Hang Seng (-1.3%) all falling.9. Today is a quieter earnings day. American engineering firm AECOM is the highlight.10. There is no data from the US today as it is Veterans Day.Join the conversation about this storyNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption
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