As stimulus talks continue, US futures have turned negative as of 8:15 am ET this morning, while markets in Europe are all trading down. Asia saw slight gains in the NIKKEI and Hang Seng, while the CSI was flat overnight. Oil is down this morning on an increase in American stockpiles. Gold is up as treasuries yields drop.

European Union chief Brexit negotiator Michel Barnier said a deal is within reach. This has caused a jump in the UK pound.

Netflix is trading down this morning after reporting its earnings yesterday after the close. The streaming service missed on earnings and reported fewer-than-expected new subscribers. Snapchat, on the other hand, is up over 24% after the company reported a surprise earnings beat. Verizon reports this morning and Tesla after the bell.

Mortgage application volume fell by 0.6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications to purchase a home fell 2% for the week, the fourth straight week of declines. Purchase demand is down nearly 7% compared with four weeks ago. Homebuying volume, however, is still 26% higher than one year ago.

If you missed this, the government sued Google yesterday. The lawsuit is based on a secretive deal under which Google allegedly pays billions of dollars a year to Apple to ensure that its search product is the default on iPhones and other Apple devices. This is not Google’s only deal of this type, but it is the biggest.

Copper hit a two-year high yesterday, due to mining disruption in Chile.

In ETFs Yesterday was a big day for emerging markets as we saw outsize buyers. EEM traded $2.3 billion over the day, IEMG $1.6 billion and VWO $767 million.

We saw large sellers of JP Morgan’s BBEU (BetaBuilders Europe) around the close of Europe’s session. DBEF (EFEA Hedged) traded 1.5 million shares and AAXJ (All Country ex Asia) traded 2 million shares.

Innovator saw buyers in UOCT, BJAN and USEP.

State Street saw buyers in SPDW and SPYV, and sellers of midcap ETFs MDYG and MDYV. SPLG also traded above average.

Russell 2000 Value ETFs IWN and VTWV traded heavily.

ProShares saw continued volume in its ONLN (Online Retail) ETF, trading over 2 million shares. The fund has seen its shares outstanding almost double this month and grow by 7x this year.

Pacer’s SRVR (Benchmark Data & Infrastructure Real Estate Sector) also traded over 2 million shares yesterday. Like ProShares, this fund has seen constant inflows over the year as its shares outstanding have grown by 5x.

Fidelity saw buyers in its utilities fund FUTY, trading 1.4 million shares.

Global X BOTZ (Robotics & Artificial Intelligence) traded 3.6 million shares.

BlackRock released a report showing that, as of the end of September, US-listed bond ETFs have passed $1 trillion in total assets.

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