Global stocks mixed ... GOP to roll out tax cut plan ... Britain’s May disappointed with US
UNDATED (AP) — Global stock markets are mixed today as investors await the outlines of U.S. tax overhaul plans by President Donald. European markets opened with modest gains. Britain’s FTSE 100 rose 0.2 percent, France’s CAC 40 added 0.1 percent and Germany’s DAX gained 0.5 percent. Asian markets closed mostly lower with Japan’s Nikkei 225 down 0.3 percent and South Korea’s Kospi dipping less than 0.1 percent. But China’s Shanghai Composite Index added 0.1 percent. On Wall Street, S&P and Dow futures are both up 0.1 percent.
WASHINGTON (AP) — Today, President Donald Trump and congressional Republicans will be rolling out a wide-ranging plan to cut taxes for individuals and corporations, simplify the tax system, and likely double the standard deduction used by most Americans. As Trump met with members of the tax-writing Ways and Means Committee, he said, “We will cut taxes tremendously for the middle class. Not just a little bit but tremendously.”
LONDON (AP) — British Prime Minister Theresa May says she is “bitterly disappointed” by the U.S. government’s decision to slap duties of almost 220 percent on Bombardier’s C series aircraft. May took to Twitter today to say Britain will work with the Montreal-based company to protect jobs, including some 4,000 in Northern Ireland. The U.S. Commerce Department on Tuesday ruled in favor of U.S. aircraft maker Boeing, which alleged that Bombardier used unfair government subsidies to sell aircraft at artificially low prices.
BRUSSELS (AP) — European Union anti-trust regulators have slapped Swedish truck-maker Scania with an 880 million-euro ($1.03 billion) fine for price fixing. The European Commission says that Scania had colluded with five other heavy vehicle makers for 14 years to fix truck prices. The Commission settled with other members of the cartel in 2016, but Scania refused to cooperate.
UNDATED (AP) — Amazon begins its foray into live streaming of NFL games Thursday night when it will air a matchup between the Chicago Bears and Green Bay Packers on its Prime Video service. It’s another option to the traditional broadcasts on CBS and the NFL Network. Amazon will stream 10 Thursday night games and one Christmas game this season. The success of those transmissions could determine how quickly the NFL is ready to offer one of its packages exclusively to a streaming company.