The Market In 5 Minutes: Bitcoin, Comcast Drops Fox Bid, FOMC Meeting Begins

IN THE NEWS

Netflix NFLX studied your streaming habits for a year: Link

This comment was made with regards to bitcoin, but is a classic market idiom: 'When your barber gets in, it's time to get out': Link

Why we should stop talking about bitcoin's market cap: Link

Comcast CMCSA is "no longer engaged" in a "review" of 21st Century Fox FOXA assets. Shares of Disney DIS, Comcast and 21st Century Fox are all trading higher: Link

Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market: Link

More than 200 institutional investors with $26 trillion in assets under management said on Tuesday they would step up pressure on the world’s biggest corporate greenhouse gas emitters to combat climate change: Link

What hedge funds will do after the hedge fund model dies: Link

ECONOMIC DATA

• The Federal Open Market Committee will begin its two-day policy meeting today.
• PPI (MoM) for Nov 0.40% vs 0.40% Est; Prior 0.40%. Core PPI (MoM) for Nov 0.30% vs 0.20% Est; Prior 0.40%
• The Johnson Redbook Retail Sales Index for the latest week is schedule for release at 8:55 a.m. ET.
• The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
• The Treasury will auction 30-year bonds at 1:00 p.m. ET.
• The U.S. Treasury budget report for November is schedule for release at 2:00 p.m.

ANALYST RATINGS

• Morgan Stanley upgraded Freeport-McMoRan FCX from Underweight to Equal-Weight
• Nomura upgraded Verizon VZ from Neutral to Buy
• JPMorgan upgraded Northrop Grumman NOC from Neutral to Overweight
• JPMorgan downgraded Adobe ADBE from Overweight to Neutral
• JPMorgan downgraded General Dynamics GD from Neutral to Underweight

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.