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Unilever CEO to retire; Fed minutes; Nissan and Renault meet

1. Change at Unilever: Unilever CEO Paul Polman will retire at the end of the year after a ...

Posted: Nov 29, 2018 10:29 AM
Updated: Nov 29, 2018 10:29 AM

1. Change at Unilever: Unilever CEO Paul Polman will retire at the end of the year after a decade in charge of one of the world's biggest consumer goods businesses.

He will be succeeded by Alan Jope, current head of the group's beauty and personal care business.

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The move comes after Unilever was forced to scrap a plan to move its headquarters out of the United Kingdom because of an investor revolt. Shares in Unilever (UL) were trading slightly higher on Thursday.

2. Fed moves: US stock markets staged a dramatic rally on Wednesday after Federal Reserve chief Jerome Powell hinted at a willingness to pause rate hikes next year.

The Dow soared 2.5%. The S&P 500 gained 2.3% and the Nasdaq added 3%.

The Fed has been trying to strike a balance between not moving too fast and risking shortening the US economy's longest running expansion versus not moving too slowly and risking the economy overheating.

Stock markets have slumped recently in part because investors are worried that the Fed is hiking interest rates too aggressively.

The next big indicator could come Thursday: The central bank will release minutes from its November meeting at 2 pm. ET.

3. Global market preview: US stock futures were pointing lower. European markets opened higher, while stocks in Asia were mixed.

US crude oil prices dipped below $50 on Thursday. It's the first time oil prices have sunk below the key psychological barrier in over a year.

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4. Companies and economics: Executives from Nissan (NSANY), Mitsubishi Motors (MMTOF) and Renault (RNSDF) will meet Thursday in Amsterdam.

The industry alliance has been rocked by the arrest of Carlos Ghosn, who has been ousted as chairman of Nissan and Mitsubishi Motors following allegations of financial misconduct.

The companies released a joint statement on Thursday, saying they remain "fully committed" to the alliance that Ghosn forged. Ghosn has denied wrongdoing, according to Japanese public broadcaster NHK.

Abercrombie & Fitch (ANF), Dollar Tree (DLTR) and Express (EXPR) will release earnings before the open.

GameStop (GME) and HP (HPQ) will follow after the close.

The US Bureau of Economic Analysis will publish data on personal income for October at 8:30 a.m. ET.

Swiss GDP unexpectedly dropped 0.2% in the third quarter because of weakness in exports and manufacturing. The downturn reflects a wider economic slowdown in Europe.

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5. Coming this week:
Thursday — Dollar Tree (DLTR), Abercrombie & Fitch (ANF) and HP (HPQ) earnings; Fed notes released
Friday — G20 begins in Argentina

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 248189

Reported Deaths: 5411
CountyCasesDeaths
DeSoto16841171
Hinds15890312
Harrison13037191
Rankin10439205
Jackson10128177
Lee8721135
Madison8071160
Jones6166108
Forrest5870117
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Tate266659
Alcorn260651
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Pike258176
Hancock253557
Prentiss242450
Scott241043
Yazoo237754
Copiah237449
Tippah236246
Simpson232367
Leake227864
Coahoma223154
Grenada215770
Covington208871
Marion206171
Adams201666
Winston198061
George197438
Wayne196130
Attala191658
Newton186542
Chickasaw181243
Tishomingo179659
Holmes167867
Jasper165134
Clay156732
Stone140218
Tallahatchie138234
Clarke136460
Calhoun133321
Smith118823
Yalobusha113834
Walthall111136
Noxubee109622
Greene108929
Montgomery108134
Carroll103721
Lawrence101217
Perry99131
Amite96425
Webster90624
Claiborne85125
Tunica84521
Jefferson Davis83825
Humphreys81524
Benton80323
Kemper75720
Quitman6758
Franklin65315
Choctaw59613
Wilkinson58125
Jefferson53019
Sharkey42417
Issaquena1586
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Alabama Coronavirus Cases

Cases: 417528

Reported Deaths: 6030
CountyCasesDeaths
Jefferson61313888
Mobile29768542
Madison26637185
Tuscaloosa20580268
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Walker5852174
Jackson574441
Blount526483
Colbert525670
Autauga510355
Coffee434256
Dale391081
Franklin363445
Chilton333565
Covington326167
Russell323810
Escambia312442
Dallas300296
Clarke278233
Chambers277869
Tallapoosa2599107
Pike245829
Marion240549
Lawrence240447
Winston223835
Bibb213047
Geneva197431
Marengo197329
Pickens195231
Hale173742
Barbour171236
Butler167958
Fayette166026
Cherokee159630
Henry151119
Monroe144417
Randolph138535
Washington136526
Clay125246
Crenshaw118044
Lamar116619
Cleburne116023
Macon113335
Lowndes108735
Wilcox101221
Bullock98128
Perry95419
Conecuh92920
Sumter88726
Greene75323
Coosa60414
Choctaw51224
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