Cyber Monday is expected to be the largest online shopping day ever in the U.S. Adobe predicted sales growth of 9.4 percent to $3.36 billion. Looking at the long holiday weekend, more than $5 billion was spent online. (CNBC)
The Thanksgiving shopping rush, including Black Friday, saw consumers spend about $44.5 billion, according to the National Retail Federation, or just over $289 on average, which was down from last year. (CNBC)
Donald Trump was "furious" at aide Kellyanne Conway's comments Sunday suggesting the president-elect "betrayed" his supporters by even considering Mitt Romney for a cabinet position, MSNBC reported.
Trump sent out a series of tweets, suggesting the Hillary Clinton campaign's involvement in an election recount was hypocritical. Trump also wrote he would have won the popular vote, excluding "millions" of illegal votes. (NBC News)
Following the weekend death of former Cuban leader Fidel Castro, Trump advisor Reince Priebus said the president-elect would reverse President Barack Obama's opening to Cuba, absent any change of direction by the Cuban government. (AP)
Raul Castro has been the leader of Cuba since his brother, Fidel Castro, handed over power 10 years ago. Significant change has taken place under the younger Castro, who some speculate was held back from making more reforms by Fidel. (NBC News)
Wells Fargo (WFC) is facing more legal problems, with employees accusing Wells in a lawsuit of steering more than $3 billion into expensive funds run by the bank, which have underperformed. (Reuters)
AT&T (T) is unveiling today a new over-the-top streaming service called DirecTV Now, offering more than 100 live streaming television channels at $35 per month. (WSJ)
Embattled Samsung plans to disclose a strategy to boost shareholder value tomorrow. The moves comes as Elliott Management pressures the company to split and provide more in payouts. (Reuters)
Elon Musk's SpaceX is expected to soon give federal officials a preliminary report, pinpointing fueling procedures as the most likely cause of a September unmanned rocket explosion. (WSJ)
YunOS, developed by Alibaba (BABA), was on track to pull ahead of Apple's (AAPL) iOS, as China's second-largest smartphone operating system, making inroads against No. 1 Android, made by Alphabet's Google (GOOGL). (SCMP)
BY THE NUMBERS
The stock market was back this morning, after being closed on Thanksgiving Day and trading for a half-session on Friday. There are no economic reports to start the new week and little in the way for corporate earnings.
STOCKS TO WATCH
Boeing (BA) is expected to be the target of new World Trade Organization sanctions, according to the Wall Street Journal. The WTO is seen ruling that the aircraft maker was awarded illegal state subsidies for its new 777X jet.
Merck (MRK) won priority review status from the FDA in itsapplication for a new use for its cancer drug Keytruda.
Activision Blizzard (ATVI) CEO Bobby Kotick is getting a 25 percent salary cut to $1.8 million, according to an SEC filing. But he stands to get more than $56 million in stock based on performance targets.
Edwards Lifesciences (EW) acquired privately held Valtech Cardio for $340 million in stock and cash, plus potential milestone payments. Valtech is the maker of the Cardioband System for transcatheter repair.
CME Group (CME) offered nearly $425 million to buy the London Stock Exchange's French clearing business, according to London's Sunday Times.
WATERCOOLER
Walt Disney's (DIS) "Moana" topped the five-day Thanksgiving holiday weekend box office with $81.1 million in North American ticket sales. Falling to second was J.K. Rowling's "Fantastic Beasts." (AP)
The winning ticket for Saturday night's Powerball grand prize of nearly $421 million was sold in Lafayette, a city of about 5,000 residents, about 60 miles northeast of Nashville, Tennessee. (USA Today)