Former Republican presidential nominee Mitt Romney is set to meet with Trump this weekend to discuss the secretary of state position, a source close to the president-elect told NBC News, despite the animosity between the two.
Trump offered former military intelligence chief Michael Flynn the job of national security adviser, according to a senior official of the president-elect. There's no word on whether Flynn, who advised Trump for months, has accepted. (AP)
New Jersey Gov. Chris Christie said he has "no reason to believe" he won't finish out his term in Trenton, but he didn't rule out the possibility of joining Trump's administration in some fashion. (WSJ)
A federal judge hears arguments today in San Diego on whether to delay the legal case against Donald Trump in connection with Trump University until after Inauguration Day in January. (NBC News)
Trump said Ford (F) Executive Chairman Bill Ford Jr. told him the automaker would not move a Kentucky plant to Mexico. But Ford has repeatedly said it has no plans to close any U.S. plants and likely could not do so under union contracts. (Reuters)
Following Trump's win, there's a report that Apple iPhones could soon be made in the U.S., as key supplier Foxconn explores the possibility of moving production. (Nikkei Asian Review)
PepsiCo (PEP) is facing a boycott by Trump supporters, after rightwing political websites blasted the beverage giant's CEO for comments last week that her staff was "mourning" and "crying" following Trump's presidential win. (FT)
Salesforce (CRM) CEO Marc Benioff, who backed Hillary Clinton, told CNBC he's looking forward to a future under Trump. He said he's not a Republican or a Democrat, "just an American." Benioff also said he believes Twitter (TWTR) played an instrumental role in the election.
Salesforce reported adjusted quarterly profit of 24 cents per share, 3 cents above estimates. The business software company also issued an upbeat forecast, and said it would reach $10 billion in annual revenue by 2018. The stock was soaring in premarket trading. (CNBC)
Tesla (TSLA) and SolarCity (SCTY) shareholders have approved the proposed combination of the two Elon Musk-controlled companies. The acquisition of the solar company by the electric automaker is a stock-swap deal worth about $2 billion. (CNBC)
Twitter CEO Jack Dorsey has apologized after the social network let through an ad promoting a white supremacist group, which has since been removed. Dorsey blamed an "automated system," saying the problem has been fixed. (Recode)
Amazon (AMZN) announced today that it was offering exclusive deals to its Prime members that can only be ordered through an Alexa-enabled device like an Amazon Echo, the e-commerce giant's smart speaker. Users need to say, "Alexa, what are your deals?" (CNBC)
Amazon is rolling out its video service globally to 200 more countries in what's seen as a challenge to Netflix (NFLX), according to the Wall Street Journal. Currently, Amazon Video is only available in the U.S., U.K., Germany, Austria, and Japan.
McDonald's (MCD) restaurants U.S. are getting a major upgrade. As part of the fast-food giant's efforts to become a "modern and progressive burger company," McDonald's is adding self-service ordering kiosks, craft burgers, and table service. (CNBC)
Volkswagen unveiled plans to cut about 23,000 jobs in Germany to help achieve $3.92 billion in annual savings by 2020 to turn around its core brand and help fund a shift to electric and self-driving cars, following its emissions scandal. (Reuters)
Sotheby's (BID) saw robust sales of $277 million at Thursday's contemporary art auction, after Monday's disappointing $157 million line-up of impressionist and modern art. The total was higher than the forecast of $208.5 million by Sotheby's. (WSJ)
Julien's Auctions said a dress worn by Marilyn Monroe as she famously sang "Happy Birthday" to President John. F. Kennedy has sold for nearly $5 million at a Los Angeles sale. (AP)
Long-term mortgage rates climbed this week, reflecting sharp rises in bond yields in the days after Trump's victory. The average for a 30-year fixed-rate mortgage jumped to 3.94 percent, close to year-ago levels.
The pace of economic releases slows down considerably today, with just the Conference Board issuing its October index of leading economic indicators. Forecasts call for a 0.1 percent rise, after a 0.2 percent gain in September.
Abercrombie & Fitch (ANF), Foot Locker (FL), Hibbett Sports (HIBB), and The Buckle (BKE) are among the companies issuing earnings reports this morning. There are no major earnings releases scheduled after the closing bell this afternoon.
Monsanto (MON) and Germany's Bayer have already kicked off talks to sell assets that would help the two companies win European approval of their proposed combination, according to reports.
Coca-Cola (KO) struck a deal to sell its stakes in China bottling operations for about $1 billion.
Yum Brands (YUM), the company behind KFC, Pizza Hut, and Taco Bell, added $2 billion to its stock buyback program, with the restaurant operator planning to complete those purchases by the end of 2017.
The U.S. Supreme Court has given the green light to class action lawsuits by consumers accusing Visa (V), Mastercard (MA) and several U.S. banks of conspiring to inflate the prices of ATM access fees in violation of antitrust law.
Gap (GPS) late Thursday matched estimates with adjusted quarterly profit of 60 cents per share, but the retailer registered its seventh straight quarter of declining sales. The stock was under pressure in the premarket.
Ross Stores (ROST) beat estimates by 6 cents with quarterly profit of 62 cents per share, while the discount retailer's revenue also exceeded forecasts. Ross was also cautious about the current quarter.
Williams-Sonoma (WSM) reported adjusted quarterly profit of 79 cents per share, 2 cents above estimates, while revenue essentially matched. The home goods retailer warned about the current quarter.
Applied Materials (AMAT) edged estimates with adjusted quarterly profit of 66 cents per share, with revenue essentially in-line. The semiconductor manufacturing equipment maker warned on guidance.
Intuit (INTU) doubled estimates with adjusted quarterly profit of 6 cents per share, while revenue also beat. The financial software firm provided rosier current quarter guidance, while matching full-year forecasts.
Marvell Technology (MRVL) reported adjusted quarterly profit of 20 cents per share, 8 cents above estimates, while revenue was also well above. The chip maker also announced a $1 billion stock buyback program.
The English Premier League has sold its Chinese television rights for $700 million, its biggest overseas sale. Online video streaming service PPTV sealed a three-year deal from the 2019-20 season. (AP)
Two giant pandas born at Zoo Atlanta in the U.S. are suffering from culture shock on their introduction to China — demanding cookies and responding only to English commands. (CNBC)