Stock market news: Opening bell, November 28, 2018

Greek
riot police clash with Ajax fans before the start of a Group E
Champions League soccer match between AEK Athens and Ajax at the
Olympic Stadium in Athens.
AP/Thanassis Stavrakis

Here is what you need to know.

1. 
   “Farm bankruptcies are surging as Trump’s trade war drags
   on.” The strain of low commodity prices on
   farmers and ranchers has been compounded by tariffs, causing at
   least 84 farm operations in the upper Midwest to file for
   bankruptcy in the 12 months through June — more than twice the
   level seen in the same period in 2014.
2. 
   China says using its US bond holdings as a weapon in the trade
   war would be akin to ‘playing with
   fire.’ 
   “We
   don’t want to cause any financial instability in global
   markets,” Cui Tiankai, China’s ambassador to the US, told
   Reuters. “This is very dangerous, this is like playing with
   fire.”
3. 
   A top US regulator pours more cold water on a bitcoin
   ETF. 
   “What
   investors expect is that trading in that commodity that’s
   underlying the ETF is free from the risk or significant risk of
   manipulation,” Jay Clayton, chairman of the US Securities and
   Exchange Commisison, said at Coindesk’s Consensus conference in
   New York on Tuesday, according to CNBC.
   “Those kinds of safeguards don’t exist in
   many of the markets where digital currencies trade.”
4. 
   Here are 4 portfolio tweaks that can help you make a killing
   amid the stock market’s chaos. 
   Credit Suisse says the stock will continue to
   grind higher in 2019, and lays out four big portfolio
   adjustments to help you capitalize on the changing market
   environment. 
5. 
   A private-equity firm reportedly drops out of the Papa John’s
   sweepstakes. 
   Trian Fund Management, on Tuesday afternoon,
   pulled out of the bidding for the pizza chain Papa John’s,
   according to The Wall Street Joural, citing people familiar
   with the matter, sending its shares lower by as much as
   15%.
6. 
   Salesforce delivers a ‘beat and
   raise.’ 
   Shares
   gained more than 5% in after-hours trading Tuesday after the
   company beat on both the top and bottom lines in the third
   quarter and raised its revenue guidance for Q4.
7. 
   Elon Musk’s Boring Company axes plans to build a massive tunnel
   under Los Angeles. 
   The decision was made after several local
   groups sued the city for exempting the Boring Company from
   environmental regulations. 
8. Stock markets
   around the world are gaining
   ground. 
   Hong
   Kong’s Hang Seng (+1.33%) led the gains in Asia and Germany’s
   DAX (+0.24%) is out front in Europe after Larry Kudlow, Trump’s
   top economic advisor, said there was a “good possibility” the
   US and China could reach a trade agreement at the G20 summit in
   Argentina this weekend. The S&P 500 is set to open up 0.3%
   near 2,690.
9. 
   Earnings keep coming. 
   Burlington Stores, Dick’s Sporting Goods, and
   Tiffany all report ahead of the opening bell. 
10. 
    US economic data flows. 
    The second estimate of thid-quarter GDP will
    be released at 8:30 a.m. ET and new home sales will cross the
    wires at 10 a.m. ET. The US 10-year yield is unchanged at
    3.05%.