Group 1: Big Tech Earnings - Google (GOOGL) experiences growth, while Meta (META) faces a tax charge impacting its performance [2] - Microsoft (MSFT) sees a decline after increasing its capital expenditure forecast for 2026 [2] Group 2: Federal Reserve Actions - The Federal Reserve reduces rates by 25 basis points and ends quantitative tightening, though another rate cut in December is uncertain [2] Group 3: U.S.-China Trade Talks - President Trump announces a reduction in tariffs from 20% to 10% on certain goods, including fentanyl [4] - China agrees to continue the flow of rare earth materials and critical minerals without controls [4] - China will begin purchasing significant amounts of U.S. agricultural products, including soybeans and sorghum [4] - Discussions are underway for China to engage with Nvidia (NVDA) regarding chip production [4] - China is set to purchase American energy, with potential large-scale transactions for oil and gas from Alaska [4] - A trade deal with China may be signed soon, with annual renegotiations expected [4] Group 4: Company Updates - Boeing (BA) delays the 777X program to 2027 and incurs a $4.9 billion charge [6] - General Motors (GM) plans to cut jobs in the EV sector and temporarily idle two battery cell plants [6] - Chipotle (CMG) faces challenges with soft sales and rising costs affecting margins [6] - Fiserv (FI) experiences a significant drop in stock price following a leadership shake-up and earnings miss [6] Group 5: Market Overview - Nvidia (NVDA) achieves a historic market cap exceeding $5 trillion [5] - Current market trends show declines in major indices and commodities, with crude oil priced at $60.09 [7]