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U.S. stocks fall after a Fed official said a December rate cut wasn't a dunk deal.

And Farmer stocks took a hit after President-elect Trump picked Robert F. Kennedy Jr. to head Health and Human Services.

Plus, smugglers in Latin America are encouraging migrants to rush to the U.S. border before Trump assumes

office.

Migrants are in many ways sitting ducks for smugglers and the organized crime networks that

control large parts of Mexico's territory these days.

So it's extremely dangerous and risky, especially for families who travel with children.

It's Friday, November 15th.

I'm Tracy Hunt for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that move the world today.

U.S. stock and bond prices fell today following a solid retail sales report that could bolster the case that the economy is strong and may not need support in the form of lower borrowing cost.

Separately, Boston Fed President Susan Collins said today in an interview that another rate cut in December is, quote, certainly on the table, but it's not a done deal, indicating it was too soon to say whether the central bank should cut interest rates at its meeting on December 17th and 18th.

In U.S. markets, major stock indexes fell, with the tech-heavy NASDAQ falling 2.2%.

The S&P 500 was down 1.3%, and the Dow dropped more than 300 points or 0.7%.

Pharmaceutical stocks in the U.S. and Europe are taking a big hit after President elect Trump nominated Robert F. Kennedy Jr. to be the Health and Human Services Secretary.

David Wainer writes about health care for WSJ's heard on the street column and he joins us now.

...