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Morning Brief: Nissan Chairman Carlos Ghosn reportedly arrested

Monday, November 19, 2018

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What to watch today

It’s likely to be a quiet week with markets closed on Thursday for the Thanksgiving Day holiday. On Monday, JD.com (JD) releases quarterly results before the market open; L Brands (LB) and Jack in the Box (JACK) announce after the market close. The November NAHB housing market index will be released in the morning; economists expect the index to be unchanged at 68.

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Top news

Photographer: Marlene Awaad/Bloomberg via Getty Images
Photographer: Marlene Awaad/Bloomberg via Getty Images

Nissan chairman Carlos Ghosn arrested: Nissan Motor Co. said an internal investigation found that its chairman, Carlos Ghosn, has underreported his income. The Japanese automaker said he will be dismissed. (This is a developing story.) [AP]

Pence’s China attacks fuel fears of new Cold War: Vice President Mike Pence sharpened U.S. attacks on China during a week of summits that ended Sunday, most notably with a call for nations to avoid loans that would leave them indebted to Beijing. He said the U.S. wasn’t in a rush to end the trade war and would “not change course until China changes its ways.” [Bloomberg]

Bitcoin sinks to new 13-month low: Bitcoin (BTC-USD) slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching $5173.23 on the Bitstamp platform. [Reuters]

The huge hole in May’s immigration pledge post-Brexit: Theresa May is going to double down on her promise to curb immigration to Britain in a bid to prevent her being ousted as leader of the Conservative party, and thereby remove her as UK prime minister. But in her upcoming speech at the Confederation of British Industry (CBI) conference today in London, there is a huge hole in her pledge that could be one of the worst things to happen to UK businesses. [Yahoo Finance UK]

Bloomberg donates ‘unprecedented’ $1.8B to Johns Hopkins: Former New York City Mayor Michael Bloomberg announced Sunday he’s donating $1.8 billion to his alma mater, Johns Hopkins University, to boost financial aid for low- and middle-income students. The Baltimore university said the contribution — the largest ever to any education institution in the U.S. — will allow Johns Hopkins to eliminate student loans in financial aid packages starting next fall. [AP]

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The Morning Brief provides a quick rundown on what to watch in the markets, top news stories, and the best of Yahoo Finance Originals.