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Stocks post broad gains...Trump touts tariffs...China: Won’t back down on demand to airlines

July 24, 2018

NEW YORK (AP) — Stocks are broadly higher in early trading as investors welcome strong quarterly earnings reports from Google parent Alphabet, Biogen and other companies. Technology and health care stocks accounted for much of the market’s gains. Utilities and other safe-play stocks lagged the market as bond yields rose.

NEW YORK (AP) — Shares in Harley-Davidson climbed 5.8 percent after its latest quarterly earnings came in well ahead of what analysts were expecting. But Whirlpool sank 13.5 percent after the appliance maker’s latest results came up short of forecasts. The company is being hurt by tariffs on imported aluminum and steel.

WASHINGTON (AP) — President Donald Trump is declaring that “Tariffs are the greatest!” and threatening to impose additional penalties on U.S. trading partners as he prepares for negotiations with European officials at the White House. Trump tweeted that trade partners need to either negotiate a “fair deal, or it gets hit with Tariffs. It’s as simple as that.”

BEIJING (AP) — China says there will be “no room for negotiation” in its demand that U.S. airlines describe self-ruled Taiwan as part of China ahead of a deadline this week. Beijing has insisted that carriers change references to Taiwan on their websites to “Taiwan, China” by tomorrow. Taiwan separated from China amid civil war in 1949 but Beijing continues to claim it as its own territory.

NORWALK, Conn. (AP) — Pepperidge Farm is voluntarily recalling four varieties of Goldfish Crackers because of fears they could potentially have salmonella. The company took the action after one of its ingredient suppliers notified it that whey powder used in a seasoning may be contaminated. The products were distributed in the United States and no illnesses have been reported. The company has posted a chart with the product codes on its website.

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