Market News and Commentary November 20

Oil Slumps 7 Percent As Equities Slide Fuels Demand Worries. Household debt hit a record high of $13.5 trillion last quarter. Subprime rises: Credit card delinquencies blow through financial-crisis peak at the 4,705 smaller U.S. banks. Saudi crown prince ordered Khashoggi’s assassination: CIA. Pence: U.S. will hold those responsible for Khashoggi’s murder accountable. Home builder confidence tumbles the most since 2014 as housing headwinds catch up. Bitterly cold Thanksgiving will be among the coldest on record in parts of the Northeast. Trump stands by Saudi Arabia despite Khashoggi murder.

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