Squawk Pod 5 Things to Know Before the Opening Bell 11/28/2025
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Nov 28, 2025 Trading on futures and options faced a halt due to a data center issue at CME. The SEC is investigating Jefferies over its ties to a bankrupt auto parts maker. Alibaba has launched AI smart glasses in China, integrating them with popular apps. Meanwhile, Apple is challenging India's new antitrust penalty law, which could result in hefty fines. In entertainment news, 'Zootopia 2' achieved a record-breaking opening day in China for a Hollywood animated film, raking in $81 million globally.
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Market Fragility From Data Center Outages
- A data center issue briefly halted trading of futures, FX, and commodities on the CME but Brokertech US restored Treasury trading data.
- The outage highlights market fragility when critical electronic infrastructure fails.
Regulatory Scrutiny Over Fund Exposure
- The SEC is probing Jefferies' ties to bankrupt auto parts maker First Brands Group over disclosure of fund exposure.
- That scrutiny underscores investor risk when firms hold opaque stakes in troubled companies.
Alibaba Enters AI Smart-Glasses Market
- Alibaba launched AI smart glasses in China starting at about $270 and tied them to Alipay and Taobao.
- It's a direct attempt to challenge Meta in the wireless wearables market with app integration.