5 things to know before the stock market opens Monday, November 21

Heritage turkeys make rapid gurgling sound at Elmwood Stock Farm ahead of the Thanksgiving holiday in Georgetown, Kentucky, November 16, 2021.

Amira Karaoud | Reuters

Here are the most important news items that investors need to start their trading day:

1. Time to talk turkey

Happy Thanksgiving Week. We may have a shortened trading schedule, with U.S. markets closed Thursday for the holiday and only open until 1 p.m. ET Friday, but there’s no shortage of intrigue. Equities slumped a bit last week, but closed strong Friday as investors weighed a vareity of retailer earnings (more on that below) and a new round of Fed speak as Federal Reserve officials largely stuck to their plans to raise rates to bring down inflation. Some market watchers think a bottom could be near. “The final move of the bear market probably comes next year in the first quarter, when the earnings finally catch up to where we think they’re going to be next year,” Mike Wilson, Morgan Stanley’s Chief U.S. Equity strategist, told CNBC. Read live market updates here.

2. Disney’s Sunday night shocker

Bob Iger, left, and Bob Chapek of Disney

Charley Gallay | Getty Images; Patrick T. Fallon | Bloomberg | Getty Images

3. Another big retail week

Televisions are seen for sale at a Best Buy store in New York City.

Andrew Kelly | Reuters

4. Countries reach big climate deal

Around 35,000 delegates from nearly 200 countries are expected to convene in the Red Sea resort town of Sharm el-Sheikh to discuss collective action to tackle the climate emergency.

Ahmad Gharabli | Afp | Getty Images

5. Speaking of fossil fuels

Luke Sharrett | Bloomberg | Getty Images

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