Markets grapple with Trump's proposed tariffs on Mexico, Canada, China

Kohl's (KSS) shares plunged nearly 20% in early trading following weaker-than-expected quarterly results. The news comes as CEO Tom Kingsbury announces he will step down in January, after less than two years in the role.

Yahoo Finance’s premarket trending tickers include Best Buy (BBY), Dick's Sporting Goods (DKS), and the J.M. Smucker Company (SJM).

Takeaways:

• President-elect Donald Trump has threatened to levy import tariffs against China, Mexico, and Canada. Stock futures (ES=F, NQ=F, YM=F) appear mixed this morning on the headline, while shares Big Three automakers Ford (F), Stellantis (STLA), and General Motors (GM) move into negative territory in pre-market trading.
• Wall Street will be listening for the Federal Reserve to release the minutes from its November FOMC meeting, looking for any hints into the central bank's sentiments around its interest rate path ahead of its December meeting.
• According to Bloomberg, Intel (INTC) is set to receive $7.9 billion in CHIPS Act grants from the US government, while the chipmaker's interest in acquiring Qualcomm (QCOM) has cooled.

Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.

Find this and other episodes of Morning Brief here.

Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.

Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

Learn more about your ad choices. Visit megaphone.fm/adchoices