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The G20 Summit & Today's Trending Stocks: AMZN, DIS, CRM

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On today’s episode of Free Lunch, Ryan McQueeney recaps news coming from President Trump, the Fed, Amazon, Disney, and Spirit Airlines. Later, he speaks with Dave Bartosiak about the market implications of the G20 forum and the earnings outlook for Salesforce.

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Free Lunch is presented by Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.

U.S. stocks were mixed in morning trading Tuesday, as Wall Street heard varying reports on at least a pair of its most pressing headwinds.

President Trump said today that he would not back down from additional tariffs on Chinese goods if talks with the Asian economic behemoth do not produce a deal. There is still hope that the sides can muster an agreement, with officials set to meet at this week’s G20 summit, but Trump is apparently not backing down from the threat of new tariffs in 2019.

On the other hand, investors got some potentially encouraging news from Richard Clarida, the new vice chairman of the Fed. Clarida mentioned this morning that although additional rate hikes are still necessary, rates are “just below” long-running estimates. This suggests the Fed is closer to its monetary policy target than some thought, which could mean a slowdown in hikes next year.

Elsewhere, Amazon (AMZN - Free Report) , Spirit Airlines (SAVE - Free Report) , and Disney (DIS - Free Report) were grabbing Wall Street’s attention this morning.

Amazon announced that Cyber Monday was the biggest shopping day in its history and that the “Turkey 5,” the stretch from Thanksgiving through Cyber Monday, was significantly busier than last year.

Spirit Airlines shares skyrocketed after the budget airline raised its Q4 guidance for revenue per available seat mile, citing its non-ticket revenue initiatives as the key reason for its upbeat outlook.

Disney saw a nice analyst note from Imperial Capital, which raised its rating and price target for the media and entertainment conglomerate on the hopes that 2020 will mark a new era of gains for Disney.

On the first half of today’s show, Ryan recaps each of these headlines and provides his perspective on the day’s news. Later, he is joined by Zacks Strategist Dave Bartosiak to continue the conversation about the G20 and to preview Salesforce’s (CRM - Free Report) upcoming earnings report.

What is the G20 meeting, and why are investors so anxious about it this year? Will we hear more about U.S-China relations or tensions with Saudi Arabia this week? What should investors expect from Salesforce this quarter?

Ryan and Dave explore all of these questions, and more, only on today’s episode of Free Lunch!

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