The Market In 5 Minutes

IN THE NEWS

BENZINGA

While some investors fear the uncertainty of possible Trump impeachment proceedings, others seem to be realizing that the possibility of a Mike Pence presidency could be the best possible news for investors: Link

Last week, a deal was confirmed between the ride-hailing service Lyft and autonomous car company Waymo, an Alphabet Inc GOOGL subsidiary. While the companies are keeping hush on details, each offered statements confirming the deal: Link

THE WALL STREET JOURNAL

Ford Motor Co. F will replace Chief Executive Mark Fields with Jim Hackett, the former head of office-furniture maker Steelcase Inc. who joined the auto maker in 2016: Link

For decades, investors imagined a time when data-driven traders would dominate financial markets. That day has arrived: Link

REUTERS

The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics: Link

Barclays will hire 100 new staff in its private bank as it launches its second attempt in the last seven years to win more business from wealthy clients, a source with direct knowledge of the plans told Reuters: Link

BLOOMBERG

Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla Inc. TSLA is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities: Link

Oil advanced a fourth day in the build-up to OPEC’s gathering in Vienna this week, as speculation grows that production cuts will be extended into next year: Link

NY POST

Robots really mean skyrocketing economic growth and higher-paid jobs, a new think-tank report reveals: Link

ECONOMIC DATA

  • Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Minneapolis at 10:00 a.m. ET.
  • Philadelphia Federal Reserve Bank President Patrick Harker will speak in Philadelphia at 10:00 a.m. ET.
  • The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
  • Minneapolis Federal Reserve Bank President Neel Kashkari will then speak at the Opportunity and Inclusive Growth Institute Conference at 6:45 p.m. ET.
  • Federal Reserve Governor Lael Brainard is set to speak in Minneapolis at 7:00 p.m. ET.
  • Chicago Federal Reserve Bank President Charles Evans is set to speak in Shanghai China at 9:10 p.m. ET.

ANALYST RATINGS

  • JP Morgan Upgraded Qualcomm QCOM from Neutral to Overweight
  • B. Riley Upgraded Genesco GCO from Neutral to Buy
  • Barclays Upgrades Mylan MYL From Equal-Weight to Overweight
  • JP Morgan Downgraded Centene CNC from Overweight to Neutral
  • DA Davidson Downgraded Arista Networks ANET from Buy to Neutral
  • Baird Downgrades Zoe's Kitchen ZOES From Outperform to Neutral

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.

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