Morning Brief: Airbus lands historic jet deal

Wednesday, November 15, 2017

What to watch today

The retail sector is a major focus for investors this week and Wednesday will bring us perhaps the biggest news day on this front. At 8:30 a.m. ET, the October reports on retail sales and consumer prices will both be released from the government, with earnings highlights also expected to include Target (TGT) and Victoria’s Secret parent company L Brands (LB). Tech giant Cisco (CSCO) is also set to release earnings.

Expectations for the October retail sales report is that we’ll see a tempering of consumer buying with October sales set to be flat after September’s post-hurricane figures showed the biggest one-month gain since 2015.

The latest reading on consumer prices should also show that prices rose 0.1% over the prior month and 2% over last year. “Core” consumer prices — which excludes the more volatile costs of food and gas and is more closely-watched by economists — are expected to rise 1.7% over last year, below the Fed’s 2% inflation target.

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Top news

Airbus in record plane deal with budget airline backer Franke:  Airbus landed a deal to sell a record 430 of its A320neo-family jets to U.S. investor Bill Franke’s Indigo Partners as Franke raised his bet on budget airlines. The preliminary deal is worth up to $50 billion. [Reuters]

Warren Buffett’s latest stock movesBuffett snapped up 3.9 million more shares of Apple, bringing its stake to just over 134 million, and slashed his bet on IBM. [Yahoo Finance]

Obama health mandate now target of GOP in big tax bill: The Obama health care law’s requirement that Americans get insurance coverage is now pinned as a target of Republican lawmakers, as they look to end the individual mandate to help pay for deep cuts in their tax legislation. [AP]

Nafta talks resume: It’s back to the table time for Nafta negotiators after a monthlong breather in the talks, which broke up last time amid stark differences between the countries. The fifth round of talks begins in Mexico City on Wednesday. At last month’s round, the parties extended talks through March after the U.S. introduced its toughest trade proposals that were essentially rejected by Canada and Mexico. [Bloomberg]

Zimbabwe army has Mugabe, wife in custody, controls capital:  The night’s action triggered speculation of a coup, but the military’s supporters praised it as a “bloodless correction.” For the first time, this southern African nation is seeing the military oppose President Robert Mugabe, the world’s oldest head of state and one of the longest-serving authoritarian rulers. [AP]

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The Morning Brief provides a quick rundown on what to watch in the markets, top news stories, and the best of Yahoo Finance Originals.