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Here are five things you must know for Friday, Nov. 25:
1. -- Target (TGT) saw a "surge" in online traffic on Thanksgiving Day that has the retailer on track to deliver on its goal of double-digit percentage online sales growth for the holidays," said Target Chairman and CEO Brian Cornell. Most encouraging, said Cornell, is that people are shopping multiple departments after scooping up the typical Black Friday doorbuster deals.
"I continue to be very optimistic on our position for the holidays," Brian Cornell told TheStreet on a conference call with reporters Thursday evening.
Cornell cautioned, however, that it remains very early in the holiday season for Target.
But what looks to be a good start for the holidays for Target mirrors developments across the retail landscape for early Black Friday openings.
Thanksgiving Day brought in $1.15 billion in online sales from midnight to 5 p.m., a 13.6% increase from a year a year earlier, according to new data released Thursday night from Adobe. Thanksgiving Day will hit, or come close to, $2 billion in online revenue for the first time, Adobe said, which would represent a strong 15.6% increase from the prior year.
Meanwhile, many brick-and-mortar retailers are opening their stores early on "Black Friday," the day after Thanksgiving that remain one of the busiest shopping days of the year.
2. -- U.S. stock futures were higher Friday, suggesting the run that stocks have been on since the election of Donald Trump as U.S. president earlier this month will continue for another day.
The Dow Jones Industrial Average closed 0.31% higher on Wednesday, another record high, and the S&P 500 also scored a record close after the minutes from the Federal Reserve's policy-setting meeting indicated that an interest rate hike could come "relatively soon."
European stocks on Friday traded flat while Asian stocks ended the session higher. Japanese stocks posted the seventh consecutive session of gains despite a strengthening of the yen.The Nikkei 225 rose 0.26%.
The dollar fell 0.45% against the yen at ¥112.82. The U.S. Dollar Index, which is a measure of the dollar relative to six foreign currencies, fell 0.2% to 101.49.
The economic calendar in the U.S. on Friday includes International Trade in Goods for October at 8:30 a.m. EST.
Stock markets in the U.S. will close at 1 p.m. on Friday.
Bloomberg reported that J&J, of New Brunswick, N.J., approached the Swiss company with an offer worth about $17 billion.
People familiar with the situation told Bloomberg Actelion is working with an adviser to explore its options. Actelion couldn't immediately be reached for comment.
Actelion is led by fiercely independent co-founder Jean-Paul Clozel, who has for years resisted suggestions the company is a target. Other mooted suitors for Actelion over the years have included Shire, which was last year reported to have made a takeover proposal for the business.
Actelion shares by late morning in Zurich were rising close to 11%.
4. -- President-elect Donald Trump said he was trying to stop the maker of Carrier air conditioners, United Technologies (UTX) , from relocating its Indianapolis manufacturing operations to a company facility in Mexico.
During the presidential campaign, Trump often cited Carrier's decision last February as an example of jobs leaving the country -- in this case, an estimated 1,400 -- and how he as president would slap a tax on any units manufactured in Mexico and sold in the U.S.
"I am working hard, even on Thanksgiving, trying to get Carrier A.C. Company to stay in the U.S.," Trump tweeted on Thursday. "MAKING PROGRESS - Will know soon!"
The company confirmed Thursday to the Associated Press that it had discussed the move with the incoming administration but that there was nothing to announce.
5. -- Wells Fargo (WFC) asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, Reuters reported, citing legal documents.
The motion, filed in the U.S. District Court in Utah on Wednesday, is in response to the first class-action lawsuit filed against the bank since it agreed to pay $185 million in penalties and $5 million to customers for opening up to 2 million deposit and credit-card accounts in their names without their permission.