STREAMING NOW: Watch Now

G20 summit; Deutsche Bank raids; Oil in focus

1. G20 in Buenos Aires: Leaders representing the world's largest economies have gathered in...

Posted: Nov 30, 2018 12:11 PM
Updated: Nov 30, 2018 12:11 PM

1. G20 in Buenos Aires: Leaders representing the world's largest economies have gathered in Argentina for a crucial summit.

Trade will be high on the agenda at the G20. Investors will monitor talks between the United States and China for any signs of a breakthrough that would ease tensions and help avoid more tariffs.

Banking, finance and investments

Business and industry sectors

Business, economy and trade

Company activities and management

Company earnings

Consumer products

Continents and regions

Economic indicators

Economic policy

Economy and economic indicators

Financial markets and investing

Financial performance and reports

Financial results

Government organizations - US

Holiday retail

Interest rates

International trade

Monetary policy

North America

Seasonal retail

Securities trading

Stock indexes

Stock markets

The Americas

The Fed

Trade and development

United States

US federal departments and agencies

US government independent agencies

Wall Street

Commodity markets

Energy and utilities

Energy commodities

Oil and gas industry

Oil prices

Eastern Europe

Europe

Government and public administration

Investigations

Political Figures - Intl

Politics

Russia

Russia meddling investigation

Vladimir Putin

Companies

Deutsche Bank AG

Diplomatic talks and summits

G20 summits

Inter-governmental talks

International relations

International relations and national security

Donald Trump

Political Figures - US

Energy and resources

Energy economic indicators

Crime, law enforcement and corrections

Criminal offenses

Digital crime

Technology

President Donald Trump and his Chinese counterpart, Xi Jinping, are scheduled to have dinner on Saturday.

"I think we're very close to doing something with China, but I don't know that I want to do it, because what we have right now is billions and billions of dollars coming into the United States in the form of tariffs or taxes," Trump told reporters on Thursday.

2. Oil prices in focus: The price of US crude has plunged roughly 22% so far in November. Oil futures dropped another 1% on Friday to below $51 amid continued worries about oversupply.

Russian President Vladimir Putin and Saudi Arabian Crown Prince Mohammed bin Salman, leaders of two of the worlds biggest oil producers, will meet this weekend at the G20.

The two countries are key signatories to an agreement that aims to reduce supply and boost prices. There's talk that OPEC and Russia may agree further cuts at a meeting next week in Vienna.

That's exactly what Trump doesn't want. Last week he tweeted a "thank you to Saudi Arabia," for keeping prices down, "but let's go lower," he added.

3. Major data breach: Marriott says its guest reservation system has been hacked, potentially exposing the personal information of approximately 500 million guests.

The hotel chain said Friday the hack affects its Starwood reservation database, a group of hotels it bought in 2016 that includes the St. Regis, Westin, Sheraton and W Hotels.

Marriott said hackers had gained "unauthorized access" to the Starwood reservation system since 2014, but the company only identified the issue last week.

Shares in Marriott (MAR) are plunging on the news, falling nearly 6% in premarket trading.

4. More trouble for Deutsche Bank: German authorities carried out raids of Deutsche Bank (DB) offices in Frankfurt for a second day on Friday as part of an investigation into potential money laundering.

Shares in Deutsche Bank dropped another 2%, bringing total losses for 2018 to a staggering 48%.

Prosecutors say Germany's largest lender is suspected of helping clients to set up offshore companies in tax havens. Investigators are also looking at whether Deutsche Bank failed to report suspicious transactions.

The investigation comes amid continued questions about the bank's business strategy and direction.

5. Global market overview: US stock futures were pointing lower.

European markets opened in negative territory, while stocks in Asia ended the session mixed.

The Dow closed down 0.1% on Thursday. The S&P 500 shed 0.2% and the Nasdaq lost 0.3%.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

6. Economics: The Federal Reserve on Thursday paved the way for an interest rate hike in December, but sent a clear signal to investors that it would exert greater flexibility with its plans to ratchet up rates in 2019.

Minutes of the US central bank's November policy meeting showed "almost all participants" agreed another rate hike would likely be necessary "fairly soon," if incoming data matched policymakers current expectations.

Canada's third quarter GDP report will be published at 8:30 a.m. ET.

Markets Now newsletter: Get a global markets snapshot every afternoon. Sign up now!

7. Coming this week:
Friday — G20 begins in Argentina

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 486434

Reported Deaths: 6575
CountyCasesDeaths
Hennepin1009131586
Ramsey43165803
Dakota36375392
Anoka33335388
Washington22121258
Stearns18752201
St. Louis14822263
Scott13308107
Wright12538116
Olmsted1181788
Sherburne874172
Carver775640
Clay692387
Rice670791
Blue Earth596635
Kandiyohi579674
Crow Wing521282
Chisago499545
Otter Tail483270
Benton447790
Winona418549
Mower405731
Douglas393368
Nobles387247
Goodhue386269
Polk343763
McLeod340049
Beltrami338651
Morrison324747
Itasca313646
Lyon313644
Becker312542
Isanti306756
Steele301511
Carlton300149
Freeborn282623
Pine282016
Nicollet259241
Todd248330
Brown245537
Le Sueur235720
Mille Lacs227947
Cass220424
Waseca209317
Meeker207434
Martin189928
Wabasha18673
Roseau180317
Hubbard160740
Houston157414
Dodge15294
Renville150340
Redwood147027
Fillmore13768
Chippewa136735
Pennington136316
Cottonwood135020
Wadena131020
Faribault123417
Aitkin119033
Watonwan11758
Sibley117310
Rock115914
Kanabec107519
Pipestone101624
Yellow Medicine97617
Murray9488
Jackson93610
Swift87918
Pope8075
Marshall78015
Lake74218
Stevens7418
Clearwater71914
Lac qui Parle68516
Wilkin67411
Koochiching61911
Big Stone5163
Lincoln5092
Grant4918
Norman4788
Unassigned44568
Mahnomen4417
Kittson40921
Red Lake3625
Traverse3075
Lake of the Woods2191
Cook1180

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 335218

Reported Deaths: 5443
CountyCasesDeaths
Polk51785551
Linn19463313
Scott17080210
Black Hawk14924292
Woodbury13778212
Johnson1312174
Dubuque12416194
Dallas1019092
Pottawattamie9828143
Story959345
Warren511674
Clinton500784
Cerro Gordo498882
Webster494487
Sioux479169
Marshall463072
Des Moines427161
Muscatine424191
Buena Vista412237
Wapello4025108
Jasper386266
Plymouth367478
Lee354252
Marion339869
Jones284654
Henry279637
Bremer268754
Carroll266349
Crawford252235
Boone242830
Benton240354
Washington239047
Mahaska215246
Jackson209738
Dickinson202440
Tama202365
Kossuth198055
Delaware185540
Clay183825
Winneshiek182827
Fayette178635
Page177819
Buchanan176929
Wright173831
Hamilton173742
Cedar171523
Hardin169439
Harrison167169
Clayton159854
Butler158831
Mills147920
Floyd147741
Poweshiek147730
Lyon145541
Cherokee145336
Allamakee142347
Madison141918
Iowa139423
Hancock137630
Grundy132030
Winnebago130231
Calhoun129311
Cass128751
Jefferson128334
Appanoose123147
Louisa122341
Mitchell120440
Chickasaw119615
Union118731
Sac118318
Shelby116433
Emmet115040
Humboldt113525
Franklin109019
Guthrie108928
Palo Alto100921
Howard99021
Montgomery96736
Clarke94720
Keokuk92029
Monroe89428
Adair81028
Ida81032
Pocahontas80919
Davis76323
Monona76327
Greene72910
Lucas71421
Osceola68215
Worth6667
Taylor64112
Decatur5699
Fremont5599
Van Buren53718
Ringgold50520
Audubon4739
Wayne45821
Adams3184
Unassigned00
Rochester/St. Mary'S
Partly Cloudy
32° wxIcon
Hi: 45° Lo: 26°
Feels Like: 27°
Mason City
Partly Cloudy
30° wxIcon
Hi: 48° Lo: 29°
Feels Like: 24°
Albert Lea
Cloudy
36° wxIcon
Hi: 46° Lo: 28°
Feels Like: 30°
Austin
Cloudy
34° wxIcon
Hi: 45° Lo: 27°
Feels Like: 27°
Charles City
Partly Cloudy
32° wxIcon
Hi: 46° Lo: 27°
Feels Like: 24°
Several days of mild weather expected
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

SAW: Kasson-Mantorville KoMettes

Image

Local nonprofit takes huge hit during pandemic

Image

Johnson and Johnson Vaccine arrives

Image

OMC thankful for Kid's Cup and generous donations

Image

Aaron's Wednesday Night Forecast

Image

Aaron's Wednesday Evening Forecast

Image

Minnesota lawmakers consider bill to narrow pay gap

Image

Fiber optic network coming to Mason City

Image

Fewer colonoscopies done during pandemic

Image

Preventing pay discrimination act

Community Events