Stock market news: Opening bell, November 20, 2018

US
President Donald Trump and first lady Melania Trump look at the
North Carolina grown Fraser Fir Christmas tree at the North
Portico as it makes its way to the Blue Room for display at the
White House on November 19, 2018 in Washington,
DC.
Mark
Wilson/Getty

Here is what you need to know. 

1. 
   Bitcoin plunges below $4,500. The benchmark
   cryptocurrency has slumped 22% this week amid a dispute
   among Bitcoin Cash (BCH)
   developers that led to a hard fork of
   the currency on Friday.
2. 
   
   Pacific Gas and Electric Company
   
   
   discloses a second power-line outage. California’s
   biggest utility provider said in a filing that the outage
   occurred on the morning of November 8, when the deadly Camp
   Fire broke out.
3. 
   Carlos Ghosn is unfit to lead Renault, Bruno Le Maire, the
   French finance minister, said. The Nissan chairman
   was arrested Monday in Tokyo amid financial misconduct
   allegations.
4. 
   Andrew Left is bullish on the Tesla of China. In a
   note on Monday, Left’s Citron Research said the electric-car
   company’s shares have “little resistance” on their way to
   rallying to $12, a jump of about 60%.
5. 
   A $736 billion strategist is bracing for a 2019 stock-market
   meltdown worse than anything we’ve seen this year.
   Andrew Milligan, the head of global strategy at Aberdeen
   Standard Investments, exclusively shared with Business Insider
   three ways investors can profit from a 5%-15% correction.
6. 
   Legendary investor Joel Greenblatt unpacks the Warren
   Buffett-inspired “magic formula” that’s crushed the
   market. Greenblatt’s Gotham Index Plus fund, has
   beaten 99% of its peers over the past three years. 
7. Target
   plummets 7% after missing sales expectations ahead of the
   crucial holiday season. Third-quarter sales at
   stores open for at least a year rose 5.1% versus 5.2%
   expected. 
8. Best
   Buy and Kohl’s beat earnings forecasts and raised
   guidance. Foot Locker and Gap report after the
   market close. 
9. Housing
   data is coming. The Census Bureau will release its
   monthly starts and building permits numbers at 8:30 a.m. ET.
   The 10-year yield is down less than 1 basis point at 3.052%.
10. US stock
    futures indicate another red open. Nasdaq futures
    are down 77 points, or 1.16%, and Dow futures are down 182
    points, or 0.7%.