10 things you need to know in markets, November 30

Good morning! Here’s what you need to know in markets on Friday.

US
President Donald Trump and China’s President Xi
Jinping
Jonathan
Ernst/Reuters

1. Trump
is either about to sort out the whole trade war thing at the G20
summit … Or we are all going
back to a deep dark economic cold war sometime over the weekend.
Goldman Sachs says
a continued escalation of the trade war would be the “most
likely” outcome.

2.
A police raid of Deutsche Bank is continuing on Friday for a
second day over money laundering allegations linked to the
“Panama Papers”, a spokeswoman for the Frankfurt
prosecutor’s office said.

3.
SoftBank has set an indicative price of 1,500 yen ($13.23) per
share for its initial public offering (IPO), a
regulatory filing showed on Friday, making the deal worth 2.4
trillion yen ($21.16 billion) in one of the world’s biggest-ever
listings.

4.
Growth in China’s vast manufacturing sector stalled for the first
time in over two years in November as new orders
slowed, piling pressure on Beijing ahead of crucial
trade talks between Presidents Xi Jinping and Donald Trump this
weekend.

5.
In an unusual move on Thursday, a federal judge raised the
prospect of not approving CVS Health’s deal to buy insurer
Aetna, which closed earlier this week, during a
routine portion of the legal process.

6. Facebook’s
Sheryl Sandberg wondered whether George Soros was shorting the
company stock. In fact, the chief
operating officer reportedly wanted opposition research to go
hard on the billionaire.

7. Google’s
Dragonfly execs sought to hide the giant’s China search plans
from their colleagues. They didn’t
take written notes and isolated internal teams to keep the plan
secret, just in case Google employees got angry.

8.
Tesla owners will be able to summon their vehicles with their
phones “from across the continent” in a few years,
CEO Elon Musk said on Wednesday via Twitter.

9.Those
Millennials are killing a whole bunch of once-strong
industries. According to the Fed,
it’s mostly just because they’re poor.

10.And
there is a reason Microsoft is about to do a number on
Apple. Yes, Microsoft is less
exciting, but it has a game plan that it is sticking to.