Global markets sell off after downing of Russian warplane


U.S. stock futures were lower this morning, caught up in a global market selloff after the Turkish military shot down a Russian fighter jet along the Syrian border. (CNBC & Reuters)

Oil prices rose this morning as tensions in the Mideast escalated following the Russian fighter jet downing. A weaker dollar also provided incentive for investors to buy more crude.(Reuters)

Less than two weeks after attacks in Paris, French President Francois Hollande visits the White House today, as part of his effort to stitch together an international coalition to fight the Islamic State. (USA Today)

Citing increased terror threats, the State Department has issued a global travel alert for U.S. citizens until Feb. 24, 2016. Officials advised caution at public events, especially during the holiday season. (CNBC)

Activist investor Carl Icahn has taken a 7.1 percent stake in Xerox (XRX), saying it's undervalued and he may seek board seats. Last month, Xerox began a review of its businesses and an assessment of its options. (Reuters)

Activist investor Bill Ackman has increased his stake in Valeant (VRX) to 9.9 percent from 5.7 percent. He said he was taking advantage of the slump in the stock which followed a criticism of its business practices. (AP)

An under-the-radar, $1.5 billion hedge fund run by Gabriel Plotkin, a former star at SAC Capital, is up nearly 40 percent through the end of October, focusing primarily on consumer stocks. (Reuters)

Fed Chair Janet Yellen has argued for a cautious approach to the pace of interest rate rises in an unusual exchange with U.S. consumer advocate Ralph Nader. (Reuters)

Tiffany (TIF) this morning reported earnings, revenue, and same-store sales below expectations. The luxury jeweler also warned about full-year results. The stock was under pressure in the premarket. (CNBC)

Apple (AAPL) plans to launch its Apple Pay electronic payment service in China by early February, after doing deals with that country's four largest state-run banks. (WSJ)

Tesla's (TSLA) long-awaited Model X has been priced at $80,000 before delivery charges, making the electric crossover $5,000 more than the lowest price version of the Model S sedan. (USA Today)

Google, a unit of Alphabet (GOOGL), has expanded its fleet of financial services this week by offering homebuyers in California the opportunity to compare and contrast mortgages. (CNBC)

With nearly 47 million Americans planning to hit the road or take to the skies this Thanksgiving, meteorologists are warning of travel troubles due to incoming snow and ice in the West and the Plains. (NBC News)


The economic number flood begins at 8:30 a.m. ET, with the second reading of third quarter GDP. Forecasts see the U.S. economy posting annual rate growth of 2.1 percent, higher than the 1.5 percent estimate a month ago.

In other key data points, the September Case-Shiller report on home prices is out at 9 a.m. ET, and the Conference Board's consumer confidence index is out at 10 a.m. ET.

Among the after-the-bell earnings is a report on Hewlett-Packard, which no longer exists. Earlier this month, it split into two separate companies, HP Inc. (HP) and Hewlett Packard Enterprises (HPE). But today's numbers cover the last quarter for the former company.

Computer Sciences (CSC) will leave the S&P 500 after the close of trading Nov. 27, replaced by its spinoff, technology services business CSRA.


Palo Alto Networks (PANW) beat on earning and revenue. The cybersecurity company also issued an upbeat current quarter outlook. CEO Mark McLaughlin joins CNBC's "Squawk Box" at 8:40 a.m. ET.

Brocade Communications (BRCD) reported earnings and revenue that exceeded estimates. But the networking hardware and software maker gave a weak current quarter outlook.

Skyworks Solutions (SWKS) has ended its merger agreement with PMC-Sierra (PMCS). Skyworks and Microsemi (MSCC) had been in a bidding war. Skyworks said it's entitled to a breakup fee of $88.5 million. Microsemi and PMC have now entered a deal.

J.M. Smucker (SJM) announced a 3.9 million share secondary offering, sold by major shareholder Blue Holdings. The food producer is not selling any shares, and won't receive any proceeds.


Tom Brady passed for 277 yards and a touchdown to James White, who also ran for a TD last night against the Buffalo Bills, extending the winning streak of the New England Patriots to 10-0 on the season. (NBC Sports)

If the Golden State Warriors beat the Los Angeles Lakers tonight, the defending NBA champs would have the best start to a season ever in the league with a 16-0 record. (USA Today)