US STOCKS-Wall Street set for weak open as Trump, Hong Kong sour mood

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* Trade-sensitive, U.S.-listed Chinese stocks fall
* Qualcomm, Cisco drop after brokerage downgrades
* Walgreens jumps on record buyout approach report
* Futures down: Dow 0.39%, S&P 0.39%, Nasdaq 0.38%

(Adds comment, updates market action)
By Arjun Panchadar
Nov 11 (Reuters) - Wall Street's main indexes were set to
retreat at the open on Monday as comments by President Donald
Trump dampened expectations around a U.S.-China trade deal,
while escalating violence in Hong Kong added to investor
worries.
Hopes of a "phase one" deal to end the damaging 16-month
trade war and largely upbeat corporate earnings have sparked a
rally that helped the three major stock indexes close at record
highs on Friday.
But Trump said on Saturday that the United States would only
make a deal if it was the "right deal" for America, adding that
the talks had moved more slowly than he would have liked.
Trade-sensitive stocks Caterpillar Inc CAT.N , Advanced
Micro Devices Inc AMD.O , Micron Technology Inc MU.O and
Intel Corp INTC.O shed about 1% each in premarket trading.
U.S.-listed Chinese stocks also fell.
Continuing violence in Hong Kong also hit sentiment after
police shot and wounded a protester in the 24th straight week of
pro-democracy unrest in the Chinese-ruled territory.
"You have China involved in two major variables now, which
seems to be causing some nervousness," said Andre Bakhos,
managing director at New Vines Capital LLC in Bernardsville.
"During times like these, the markets are going to be
volatile and erratic, especially after coming off all time
highs."
The third-quarter earnings season is drawing to a close on a
positive note, with nearly three quarters of the 446 S&P 500
companies that have reported results so far topping profit
estimates, according to Refinitiv data. The numbers, however,
reflect significantly lowered analysts' forecasts.
Attention will now shift to economic data, as well as
comments from Federal Reserve Chair Jerome Powell later this
week.
At 8:53 a.m. ET, Dow e-minis 1YMcv1 were down 107 points,
or 0.39%. S&P 500 e-minis EScv1 were down 12 points, or 0.39%
and Nasdaq 100 e-minis NQcv1 were down 31.75 points, or 0.38%.
Walgreens Boots Alliance Inc WBA.O jumped 5.6% after
Bloomberg reported KKR & Co had formally approached the
drugstore giant for what could be the biggest-ever leveraged
buyout. Among other stocks, Qualcomm Inc QCOM.O fell 2.4% after
Morgan Stanley downgraded the chipmaker to "equal-weight" from
"overweight".
Shares of Cisco Systems Inc CSCO.O dropped 1.4% as Piper
Jaffray cut its rating on the network gear maker to "neutral"
from "overweight".