Core Insights - Apollo Global Management, Inc. (NYSE:APO) is identified as one of the best bargain stocks to buy in November, despite a recent price target reduction by Morgan Stanley from $154 to $151 while maintaining an "Equal Weight" rating [1] - The company is planning to sell its Hispanic grocery chain, Heritage Grocers Group, which could generate approximately $1.5 billion, amid declining consumer demand in Latino communities due to fears of immigration raids [2] - Baron Funds noted that shares of Apollo detracted in Q1 2025 due to a reversal in economic sentiment and capital market activity, although they continue to hold the stock due to Apollo's focus on credit and strong management [3] Group 1: Stock Performance and Analyst Ratings - Morgan Stanley reduced the price target on Apollo's stock to $151 from $154, citing updated price targets for Alternative Asset Managers in North America [1] - The performance of alternative asset manager stocks, including Apollo, has been affected by uncertainty and volatility surrounding economic policies, leading to a reversal of gains from the previous year [3] Group 2: Business Developments - Apollo Global Management is planning to divest its Heritage Grocers Group, potentially raising around $1.5 billion, as the grocery chain has faced challenges due to weak consumer spending [2] - The grocery chain's performance has been negatively impacted this year, particularly in Latino communities, due to concerns over immigration raids affecting consumer demand [2]

Economic Performance - Mexico's economy experienced a slight contraction in the third quarter [1] Policy Impact - President Sheinbaum's growth stimulation plans are underperforming expectations [1] Trade Relations - Trade tensions with the US are ongoing [1]

Core Viewpoint - The European Central Bank (ECB) has maintained its key interest rate at 2% for the third consecutive meeting, indicating that inflation is under control and European businesses are managing the impact of higher U.S. tariffs better than expected [1][7]. Economic Growth and Competitiveness - Despite a modest growth outlook, concerns about Europe's economic competitiveness are rising, particularly in light of increasing competition from China and higher U.S. tariffs [3][4]. - Recent surveys indicate a modest upswing in European business activity at the start of the fourth quarter, with a growth of 0.2% in the third quarter compared to the previous quarter and a 1.3% increase year-over-year [6]. Inflation Control - Inflation was recorded at 2.2% in September, slightly above the ECB's target of 2%, leading analysts to suggest that the ECB may not change rates again until next year [7]. Monetary Policy Stance - The ECB's current stance contrasts with the U.S. Federal Reserve, which has recently cut rates to support growth amid elevated inflation [8]. - ECB President Christine Lagarde emphasized that while the monetary policy is in a good place, it is not fixed, and future decisions will be data-driven [5].

Economic Outlook - Mexico faces an economic test balancing growth with a volatile relationship with the US [1] - The country's growth could outpace the US by the end of the decade if Plan Mexico succeeds [3] - Markets are cautiously optimistic, seeing both promise and peril in Mexico's balancing act [4] Trade Relations - Nearly 80% of Mexican exports are bought by the US, ranging from cars to oil [2] - Threats of tariffs from Washington can destabilize the peso and investment [2] Policy & Initiatives - The current administration is focused on industrialization and energy reforms [2] - Plan Mexico aims to transform border states into manufacturing powerhouses [3]

Economic Growth & Investment - AI investment is a significant driver of current economic growth [1] - Unlike the dot-com bubble of the 1990s, current tech companies have earnings and business models [2][3] - Investment in equipment for data centers and AI is a major growth source [3] Consumer Spending - Consumer spending is a larger part of the economy than AI investment [3] - Consumer spending remains strong, defying negative forecasts, potentially skewed towards higher-end consumers [3] Labor Market - The supply of workers has sharply decreased due to immigration and lower labor force participation [3][4] - Reduced worker supply lessens the need for new jobs [4] - Labor force participation decline indicates softening demand [4] Economic Outlook - The economy is growing at a slower rate, projected around 1.6% this year, compared to 2.4% last year [5] - A government shutdown could have reduced growth by a couple of tenths of a percentage point [5] - The economy is still growing at a moderate pace [5]

Steve Leeman, CNBC. Mr. . Chairman, can you characterize the uh the meeting in terms of you said strongly differing views was this a close call this cut or was it a close call maybe the other way because you had dissents on both sides.Thanks. >> So I was referring to uh the discussion about to the extent it related to December. You saw we had we had two descents, one for 50 and one for no cut.So, um, you know, that was a strong solid vote in favor of this cut. This the strongly, uh, uh, differing views were ...

Let's talk to uh Goldman Sachs's head of investment credit, Johnny Fine. Nice to have you back here at Post 9 to be here. Thanks for having 25.What else do you think we get in terms of a a sense as to where things stand for uh the year ahead. >> I think we'll get a reaffirmation that there'll be a cut again in December. I think you'll hear that in the press conference.I don't think there's anything that we've learned about the real economy or the labor market that changes the summary of economic projections ...

Economic Outlook - Chancellor of the Exchequer Rachel Reeves aims to outperform anemic growth forecasts for Britain's economy [1] - The budget will involve tough choices on tax and spending [1]

Glenn Fogel, Booking Holdings CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, state of travel, impact of AI, and more. ...

K-pop superstar RM of the popular boy band BTS urged global leaders and business executives to invest more in culture and the creative industries, emphasizing the crucial role of soft power in driving economic growth https://t.co/BgCREAGOdd ...