IN THE NEWS TODAY
At least 26 people are dead and 20 others are wounded after a man dressed in black tactical-style gear and armed with an assault rifle
Speaking at a joint press conference in Tokyo, President Donald Trump said he believed the Texas church shooting was caused by a "mental health problem," and not because of a problem with U.S. gun laws. (CNBC)
During his Asia trip, Trump said Japan could shoot down North Korean missiles with U.S. military technology. He said the purchasing of military equipment would bring employment to the U.S. and safety to Japan. (CNBC)
* Trump says Japan's economy is not 'as good as ours' and(CNBC)
Commerce Secretary Wilbur Ross said today reports that he did not disclose ties to a firm linked to Russian President Vladimir Putin are wrong. Ross was revealed to have business links to a firm with close ties to Putin during
Special Counsel Robert Mueller's investigators have enough evidence now to bring criminal charges against President Trump's former national security advisor, Michael Flynn, and Flynn's son, NBC News reports, citing sources.
The House tax-writing committee will begin revising the GOP's tax reform bill today with tweaks and some more substantial changes expected to a number of individual and corporate tax proposals. Republicans last week unveiled the first draft of a 429-page tax bill. (Reuters)
New York Fed President William Dudley, a key figure in the unprecedented government response to the 2008 financial crisis, is expected to announce his retirement as soon as this week, sources tell CNBC.
Amazon (AMZN) is cutting the prices of products from third-party sellers as the holiday season approaches. The sellers would still get full price while allowing Amazon to compete more aggressively with Wal-Mart (WMT) and other competitors. (Reuters)
* Toys R Us, which sought bankruptcy protection, to open on Thanksgiving (USA Today)
J.C. Penney (JCP) will no longer have a chief merchandising officer, once one of the most powerful jobs in retail, further demonstrating the industry's turmoil. Its current CMO will be leaving the company and will not be replaced. (CNBC)
STOCKS TO WATCH
CVS Health (CVS) this morning reported earnings that beat expectations and quarterly revenue that basically matched forecasts. Meanwhile, CVS is working toward finalizing a more than $70 billion acquisition of insurance giant Aetna (AET), according to Reuters, in hopes of completing a deal as early as December.
Anthem (ANTM) Chief Executive Officer Joseph Swedish is planning to step down as soon as this week, according to the Wall Street Journal. The health insurer is said to be planning to name former UnitedHealth Group executive Gail Boudreaux as its new CEO.
Berkshire Hathaway (BRKB) reported quarterly profit of $2,094 per share, short of the $2,402 per share consensus estimate. The company's results were hurt by insurance claims related to the quarterly's hurricanes as well as the Mexico earthquake.
Papa John's (PZZA) said it is re-evaluating its sponsorship of National Football League broadcasts in the wake of declining ratings. President Steve Ritchie said a continuing slide in ratings would mean that the pizza chain would need to shift advertising dollars into more effective venues.
Netflix (NFLX) and "House of Cards" producer Media Rights Capital have cut ties with the program's star, Kevin Spacey, after sexual harassment accusations were made against Spacey by actor Anthony Rapp last week.
Consumers turned out in droves over the weekend to purchase Apple's (AAPL) new high-end smartphone, iPhone X, and by Sunday it was sold out. The tech giant said on its website, the phone was unavailable in 20 major cities. (USA Today)