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CNBC Daily Open: It’s not unexpected markets are back to preelection levels​

This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

What you need to know today​

Markets ended week in the red
U.S. markets slumped on Friday and ended the week lower. The S&P 500 fell 1.32%, the Dow Jones Industrial Average slipped 0.7% and the Nasdaq Composite tumbled 2.24%. Asia-Pacific stocks mostly rose on Monday. South Korea’s Kospi was up around 1.7% after shares of Samsung Electronics jumped. Japan’s Nikkei 225 was the outlier, falling 1%.

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Commodity Roundup: BMI flags downside risks to gold in 2025; eyes on Ukraine-Russia war​

Gold prices rose on Monday as the U.S. dollar eased, while crude prices edged up as investors weighed potential supply disruptions amid the latest developments in the Russia-Ukraine conflict.

Spot gold (XAUUSD:CUR) climbed +1.19% to $2,592.97 an ounce by 5:50 am ET, following a steep weekly fall.

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Ultra Large Containerships Coming to America as China Opens a $1.3 Billion Megaport...In PERU!​

Nov 18, 2024 #supplychain #containers #containership

In this episode, Sal Mercogliano - a maritime historian at Campbell University (@campbelledu), and former merchant mariner - discusses the opening of the latest mega port by the Chinese in their Maritime Silk Road at Chancay, Peru and what it means for the shipment of containers to the Americas.


15:26

- Marine Traffic marinetraffic.com
- Megaport opens up Latin America to Chinese trade as US looks on https://www.bbc.com/news/articles/ckg...
- Starting Latin America Trip, Xi Jinping Opens Huge Port in Peru Funded by China https://gcaptain.com/starting-latin-a...
- China’s $1.3 Billion Gamble on Peru Port Faces Snags From Andes to Amazon https://gcaptain.com/chinas-1-3-billi...
- Peru Concedes in Port Spat with China COSCO https://gcaptain.com/peru-concedes-in...
 

Senate Farm Bill Proposal: Key Points and Implications​

Nov 19, 2024

The Senate's farm bill proposes a significant investment of $39 billion in new resources. These funds are primarily directed towards:

1. Strengthening the farm safety net
2. Improving access to nutrition assistance
3. Enhancing rural community quality of life

This substantial financial commitment could potentially transform the agricultural industry, providing vital support to farmers and stakeholders facing challenges in the current market.


4:14
 

Nasdaq jumps 1% as Wall Street looks past Russia-Ukraine tensions, Nvidia shares surge: Live updates​

The Nasdaq Composite gained Tuesday, driven by Nvidia shares, as investors shrugged off concerns of mounting geopolitical tensions between Ukraine and Russia.

The Nasdaq popped 1.04% to finish at 18,987.47, while the S&P 500 gained 0.4% to end at 5,916.98. The Dow Jones Industrial Average dipped 120.66 points, or 0.28%, to settle at 43,268.94.

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Copper Drops Post-Election: What’s Next for Scrap Prices?​

📈 Check Scrap Prices: https://iScrapApp.com/ - Dive into the latest developments in the scrap metal industry following the election. With shifting policies and global economic pressures, markets are reacting surprisingly. From a drop in copper prices to aluminum’s steady rise, here’s what scrappers need to know this week!
👉 Read more: https://iscrapapp.com/blog/weekly-scr...


22:45
 
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