Stock market news: Opening bell, November 23, 2018

Santa
Claus pays a visit on the floor at the New York Stock Exchange
(NYSE) in New York, U.S., November 21, 2018.
Brendan Mcdermid/Reuters

Here is what you need to know.

1. 
   Chinese stocks plunge into the weekend. The
   Shanghai Composite slumped 2.5% as investors worried about the
   trade war ahead of next week’s G20 meeting between Presidents
   Donald Trump and Xi Jinping.
2. 
   Oil prices hits the lowest level in more than a
   year. West Texas Intermediate crude fell 4% to as
   low as $51.73 a barrel despite Saudi Arabia’s proposed
   production cuts. 
3. 
   Goldman Sachs is sued over the 1MDB scandal. In a
   civil suit, the Middle Eastern investment giant IPIC alleged “a
   massive, international conspiracy to embezzle billions of
   dollars.”
4. 
   Black Friday now officially starts on the Wednesday before
   Thanksgiving, but many retailers are unprepared.
   Companies including Walmart, GameStop, and Lululemon
   experienced technical difficulties online on Thursday.
5. 
   Facebook’s communications team hired an opposition-research
   firm to smear George Soros.
   Facebook’s
   outgoing boss of policy and communications, Elliot Schrage,
   took the blame in a memo Wednesday after a New York Times
   investigation revealed ties to Definers. 
6. 
   Carlos Ghosn is out as Nissan’s chairman. The auto
   executive was ousted following his arrest in Tokyo on Monday on
   charges of financial misconduct. 
7. 
   Goldman Sachs uncovered a hedge fund-investing strategy that’s
   beaten the stock market for the last 15 years. The
   firm has lists of stocks that investors should be buying and
   dumping right now. 
8. 
   GameStop is selling its AT&T Wireless stores for $700
   million. The company agreed to the sale to Prime
   Communications, turning its focus on the video game and
   collectibles industries. 
9. US stock
   futures are lower. Dow futures are down 132
   points, or 0.54%, and S&P 500 futures are down 13 points,
   or 0.5%.
10. The stock market
    closes early. Trading will conclude at 1 p.m.
    ET.