1) The government released a report on climate change and the adverse effects to be expected. The US GPD may decline as much as 10% by 2100. It acknowledge that the US is not the only driving force of global warming, as of now, not a single G20 country is meeting their climate targets. The costs of climate change could reach hundreds of billions of dollars annually, with agriculture predominate where farms may produce 75% less corn and 25% less soybeans.
2) The Dow may drop another 2,000 points before market selling is done. The US economic growth could be cut in half this next year over fears of consumer demand declining.
3) A family feud threatens Campbell’s dynasty as soup sales tank, with one cousin complaining to another cousin that he didn’t have any confidence in the company management, which precipitated a feud. Shareholders vote next Thursday, that will determine if Campbell’s will remain a family dynasty.
4) 23 NOV 18 Stock market closings: Drop in oil prices causes drop in stock markets.
Dow 24,285.95 down 178.74
Nasdaq 6,938.98 down 33.27
S&P 500 2,632.56 down 17.37
10 Year Yield: down at 3.05%
Oil: down at $50.39