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5 Things You Need to Know Before the Stock Market Opens

BOSTON ( TheStreet) -- Mario Monti's decision to name himself Italy's finance minister leads your quick fix of company, market, economic and investing news for Wednesday, Nov. 16.

Wednesday's 5 Biggest Stories

As if becoming Italy's new prime minister wasn't a tough enough task, Mario Monti will also be the country's finance minister. [<a href="" target="blank" rel="nofollow">CNN</a>]

The Internet is buzzing this morning because of this report that says Newt Gingrich was paid up to $1.8 million in consulting fees by Freddie Mac. [<a href="" target="blank" rel="nofollow">Bloomberg</a>]

The breathtaking selloff in eurozone bond markets yesterday made for the most worrying day of the crisis yet. [<a href="" target="blank" rel="nofollow">FT</a>]

Did someone say 'contagion'? The Bank of Japan lowered its economic view due to Europe. [<a href="" target="blank" rel="nofollow">Bloomberg Businessweek</a>]

More woes on Wall Street: Citigroup (C - Get Report) is weighing 3,000 job cuts. [<a href="" target="blank" rel="nofollow">Bloomberg</a>]

Quote of the Day

"You know how screwed up Europe is when you have a German pope and an Italian central banker," hedge fund manager Kyle Bass said of the eurozone crisis, adding that the only resolution is a massive debt restructuring. [<a href="" target="blank" rel="nofollow">BBC</a>]

Company News

Is Jerry Yang going to screw over Yahoo! (YHOO - Get Report) shareholders again? [<a href="" target="blank" rel="nofollow">NYT DealBook</a>]

Dell (DELL) said the Thailand floods hurt supplies as the computer maker offers a cautious outlook. [<a href="" target="blank" rel="nofollow">WSJ</a>]

What Goldman Sachs (GS) and JPMorgan Chase (JPM - Get Report) are forgetting to tell us about their debt exposure. [<a href="" target="blank" rel="nofollow">Bloomberg</a>]

Pepsi's (PEP - Get Report) board is reportedly split over a split. [<a href="" target="blank" rel="nofollow">NY Post</a>]


For all the handwringing over volatility, the S&P 500 has seen its intraday trading range shrink over the past two weeks. [<a href="" target="blank" rel="nofollow">Bespoke</a>]

We joked about it, but they went ahead and did it anyway. Presenting the new Social Media ETF (SOCL). [<a href="" target="blank" rel="nofollow">Reformed Broker</a>]

Investment Strategy

If you want to invest like Warren Buffett, simply buy companies founded in the 19th century. [<a href="" target="blank" rel="nofollow">Infectious Greed</a>]

Those looking to short Groupon (GRPN - Get Report) have a long wait ahead of them. [<a href="" target="blank" rel="nofollow">Reuters</a>]

Sorting out the argument of stock buybacks versus dividends can cause a headache. [<a href="" target="blank" rel="nofollow">Abnormal Returns</a>]

Odds and Ends

Mark Cuban, who recently said he's 50% in cash, offers his view on corporations and taxes. A must-read. [<a href="" target="blank" rel="nofollow">Blog Maverick</a>]

This classic Billy Idol track came on during my walk to work this morning. It'll get you pumped for your Wednesday, too. [<a href=";ob=av2n" target="blank" rel="nofollow">YouTube</a>]

-- Written by Robert Holmes in Boston.

>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to

>To submit a news tip, send an email to:
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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