Stock Market News·2025-11-13 22:08Trade Agreements - The United States is advancing its global trade agenda, with significant progress in trade relations with Taiwan and expectations for comprehensive agreements with multiple countries in the next two weeks [2][9] - Anticipated deals will open markets for U.S. agricultural and industrial goods in key Latin American countries, including Argentina, Ecuador, El Salvador, and Guatemala [3][9] - Ecuador has committed to reducing or eliminating tariffs on essential sectors and will support digital trade without imposing discriminatory digital service taxes on U.S. companies [3][9] Media Industry Developments - Warner Discovery (WBD) is in the process of auctioning its assets, with major companies like Paramount Global (PARA), Comcast (CMCSA), and Netflix (NFLX) preparing bids as the year-end deadline approaches [5][9] - This potential consolidation reflects ongoing strategic shifts and competition within the entertainment and streaming sectors [5] Market Conditions - Wall Street faced a significant downturn, particularly in technology stocks, as traders moved towards more defensive sectors due to concerns over a hawkish Federal Reserve and general data uncertainty [6][9] - The New Zealand BusinessNZ Manufacturing PMI for October improved to 51.4, indicating expansion in the manufacturing sector [7] - A U.S. National Economic Council official suggested that current Consumer Price Index data aligns with the possibility of further interest rate cuts, while also warning of potential job losses due to a government shutdown [7] Global Economic Indicators - The International Energy Agency (IEA) reported a continued decline in Russia's oil and fuel export revenues in October [8][9] - A senior U.S. official indicated that tariffs on Swiss imports could be reduced if a proposed trade deal is accepted [4][9]