Here are the most vital information, tendencies and evaluation that traders want to begin their buying and selling day:
1. Dow futures advance, starting November the place October left off
Photo by Spencer Platt/Getty Images
(*1*) to commit to the sort of massive measures he is nonetheless working to nail down at dwelling. The summit in Glasgow, Scotland, has typically been billed as important to placing the landmark 2015 Paris local weather accord into motion. The G-20 summit in Rome, which Biden attended, ended Sunday, with settlement to formalize a pledge to lower off worldwide subsidies for coal-fired energy crops.
4. Barclays CEO Jes Staley quits after Jeffrey Epstein probe
Jes Staley
Chris Goodney | Bloomberg | Getty Images
Barclays CEO Jes Staley has agreed to step down after a U.K. watchdog investigation into his business dealings with the late financier Jeffrey Epstein. Current head of global markets, C.S. Venkatakrishnan, is taking over as CEO, effective immediately, subject to regulatory approval. Barclays said the probe did not find that Staley “saw, or was aware of,” any of Epstein’s alleged crimes. Staley dealt with Epstein during his long career at JPMorgan, where Epstein was a major private banking client until 2013. Staley told reporters last February he had not seen Epstein since taking on Barclays in 2015.
5. American Airlines cancels practically 2,000 flights since Friday
Pilots discuss as they take a look at the tail of an American Airlines plane at Dallas-Ft Worth International Airport.
Mike Stone | Reuters
American Airlines scrapped almost 300 flights, or about 10%, of its Monday schedule, according to flight-tracking site FlightAware, on prime of greater than 1,700 cancellations since Friday. The service blamed staffing issues and excessive winds at its busiest hub, Dallas/Fort Worth International Airport, final week. It’s the newest mass flight disruption to face vacationers as some carriers wrestle to deal with a rebound in journey demand. Southwest Airlines earlier this month stated {that a} meltdown in October, wherein it canceled greater than 2,000 flights, value it $75 million.
— The Associated Press and Reuters. Follow all the market motion like a professional on CNBC Pro. Get the newest on the pandemic with CNBC’s coronavirus protection.
