5 Things you need to know today

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5 Things you need to know today

Switzer2022-11-29

1. China is rattling stocks CNBC reports that stocks fell Monday as social unrest from China’s prolonged Covid restrictions weighed on markets and pushed down oil prices. Over the weekend, ...

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·2022-11-29
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China is rattling stocks\nCNBC reports that stocks fell Monday\nas social unrest from China’s prolonged Covid restrictions weighed on markets\nand pushed down oil prices. Over the weekend,\n...</p>\n\n<a href=\"https://switzer.com.au/the-experts/switzer-daily/5-things-you-need-to-know-today-745/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1551013425.SGD","symbol_name":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","start_time":0,"source_url":"https://switzer.com.au/the-experts/switzer-daily/5-things-you-need-to-know-today-745/","article_id":"2287120485","we_media_id":null,"thumbnails":["https://switzer.com.au/wp-content/uploads/20200312001456102279-original.png"],"rights":{"source":"switzer_stock","url":"https://switzer.com.au/the-experts/switzer-daily/5-things-you-need-to-know-today-745/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2287120485","pubTimestamp":1669676791,"sourceInfo":{"source_id":"switzer_stock","name":"Switzer"},"weMediaInfo":null,"summary":"China is rattling stocks, why BOQ's CEO copped the chop, will big companies trump Elon’s Twitter and more!","collect":0,"end_time":0,"defaultTopTitle":"switzer.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","TERN":"Terns Pharmaceuticals, Inc.","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4579":"人工智能","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4550":"红杉资本持仓","BK4141":"半导体产品","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","CRCT":"Cricut, Inc.","BK4551":"寇图资本持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","TSLA":"特斯拉","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4581":"高盛持仓","LU0056508442.USD":"贝莱德世界科技基金A2","QNETCN":"纳斯达克中美互联网老虎指数","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2063271972.USD":"富兰克林创新领域基金","BK4539":"次新股","MMAT":"Meta Materials Inc.","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4007":"制药","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","TWTR":"Twitter","LU1548497426.USD":"安联环球人工智能AT Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4508":"社交媒体"},"translate_title":"今天你需要知道的5件事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TWTR":0.9,"TSLA":0.9,"MMAT":0.84,"TERN":0.63,"CRCT":0.63,"QNETCN":0.6},"content_text":"1. China is rattling stocks\nCNBC reports that stocks fell Monday\nas social unrest from China’s prolonged Covid restrictions weighed on markets\nand pushed down oil prices. Over the weekend,\ndemonstrations against Beijing’s zero-Covid policy underlined the threat\nthat China poses to the global economy, with the fall in oil prices showing\nthat. “The negative headlines from abroad are putting pressure on domestic\nmarkets,” said Charlie Ripley, vice president of portfolio management at\nAllianz Investment Management. “I anticipate we’ll have more volatility and\nmore activity in the markets as we go through the rest of the week, looking at\nthe economic calendar.” Later this week, the Yanks see the Fed-favoured PCE\ninflation reading and the jobs report for November.\n2. The latest economic readings\nRetail trade fell 0.2% in October,\nwhich is good for inflation-fighting. Last week, the average Australian pump\nprice for unleaded petrol fell by 6.6 cents a litre to 187.1 cents a litre,\nwhich is also a plus for bringing down inflation.\n3. RBA boss says sorry for rate call\nRBA Governor Dr Phil Lowe had a session\nin Canberra with his political masters and made an apology for his ‘rates won’t\nrise until 2024’ call, which he implied was misinterpreted by borrowers because\nthey don’t understand economists and bankers way of speaking. While that’s true,\nDr Phil should have explained it to normal people after he saw what media\noutlets were saying. On 2GB, Sky News and on all my media outlets, I actually\nsaid “don’t believe it”, especially when I saw the economic and stock market\nrebounds in late 2020. And for what it’s worth, Dr Phil told Senate Economics\nLegislation Committee yesterday that he’s optimistic that Australia could pull\noff a “soft landing” for the economy.\n4. Why BOQ’s CEO copped the chop\nAFR bank watcher Karen Maley says “few were surprised” when George Frazis abruptly left the Bank of Queensland’s building. Some say George wasn’t a Queensland kind of guy, but as Maley pointed out, he “recognized that BoQ couldn’t rely on organic growth. It needed to make an important strategic acquisition to give it sufficient scale and to give it a presence in the important NSW and Victorian markets. So in January last year, after spending just over a year in the top job, he and BoQ chairman Patrick Allaway lobbed a $1.3 billion bid for ME Bank, which was jointly owned by 26 industry super funds.”\nBut while the acquisition helped\ndrive BoQ’s home lending, some analysts queried whether the bank was\nsacrificing margin in its pursuit of growth. While there are many stories\noffered for George copping the bullet, the bottom line is that he became CEO in\nSeptember 2019 when the share price was over $9 and it’s now $7.14!\nInterestingly, some smarties liked George, with the share price falling 5.56%\nyesterday on the news of his exit, when the market was down 0.42%\n5. Will big companies trump Elon’s Twitter?\nBloomberg reports that “Elon Musk said that Apple Inc. has cut back its\nadvertising on Twitter and even threatened to withhold the social network from\nits app store, suggesting that a fight is brewing between the two companies.”\nIn a tweet, of course, Elon told us: “Apple has mostly stopped advertising on\nTwitter. Do they hate free speech in America?” The reports says “a number\nof large companies have paused their ads on Twitter since the billionaire acquired the company for $US44 billion ($66 billion)\nlast month. The exodus included General Mills Inc. and Pfizer Inc., and the\nbillionaire acknowledged that the defections led to a “massive drop” in\nrevenue.” This anti-twitter stance follows\nElon welcoming back Donald J. Trump back to Twitter following his axing\nfollowing the attack on the US Capitol. That’s why Elon is wondering about US\ncompanies having trouble with free speech but in today’s new age, CEOs don’t\nlike their brands being politically incorrect, discriminatory and dare I say, Trump-like, unless you’re selling\nguns I guess.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9962090177,"gmtCreate":1669676313199,"gmtModify":1676538220347,"author":{"id":"3585352116267703","authorId":"3585352116267703","name":"ac1887","avatar":"https://static.tigerbbs.com/a4f5865f79452e7da123e88ff35959e5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585352116267703","authorIdStr":"3585352116267703"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9962090177","repostId":2287120485,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}