From Bloomberg

• "US equity futures edged lower as traders digested Donald Trump’s latest cabinet appointments and looked ahead to a burst of data on the American economy for clues on the outlook for interest rates.

• Contracts on the Nasdaq 100 dropped 0.3% while those on the S&P 500 slipped 0.1%. Treasuries advanced, pushing the 10-year benchmark yield down by five basis points to 4.26% with a slew of pre-Thanksgiving holiday US data expected, including the Federal Reserve’s preferred inflation gauge and an update on economic growth.

• The president elect’s tariffs agenda appeared to gather further momentum, as Trump named Jamieson Greer as the US Trade Representative and Kevin Hassett to direct the National Economic Council. Greer was intimately involved in Trump’s first-term trade policy decisions. 

• “If we get close to a place where we are talking about across-the-board tariffs, I think that would be a wake-up call for risk assets, equities and credit alike,” Wei Li, global chief investment strategist at BlackRock Inc., said in an interview with Bloomberg TV. “We’re risk-on for now, but things could change.”

• Investors have plowed money into US stocks this year, with inflows on course for a record and have been rewarded with a gain of 26% in the S&P 500, vindicating bets on American exceptionalism. European stocks are trading at a record 40% discount to the S&P 500 with the region’s benchmark gauge up just 5% this year."