BC-APFN-Business News Digest
Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org.
AMAZON HQ-ECONOMIC IMPACT — The awarding of Amazon’s second headquarters to two cities that will each receive half the prize has set off intense speculation over one question: Will the economic payoff be worth it — for Amazon and for the two areas that offered up billions in financial incentives and subsidies to the company? By Christopher Rugaber. UPCOMING: 800 words, photos at 3 a.m.
AMAZON-TRUMP TAX BREAK — Long Island City, the Queens neighborhood selected by Amazon for one of its new headquarters, is almost entirely in a federal “opportunity zone,” an often-overlooked designation in President Donald Trump’s tax overhaul that offers developers potentially millions of dollars in tax breaks to invest in struggling areas. Critics question whether such an incentive is necessary in a rapidly gentrifying area where there’s already plenty of new development. By Bernard Condon and Stephen Braun. UPCOMING: 600 words, photos by 1 a.m.
With: AMAZON-HQ — For more than a year, cities around the country waited in suspense over whether they’d be chosen as Amazon’s second home. In the end, the company decided to go with two of the nation’s largest metro areas, announcing it had picked for its new East Coast headquarters the buzzy New York neighborhood of Long Island City, Queens as well as a suburb of Washington, in Arlington, Virginia. By Joseph Pisani. UPCOMING: 1,000 words after midnight.
SOUTHWEST FATAL ACCIDENT-NTSB — A Federal safety board hearing into a deadly Southwest Airlines flight is expected to focus on jet-engine fan blades. The National Transportation Safety Board is scheduled to question witnesses from Boeing and engine maker CFM International about the fatal accident in April. UPCOMING: 130 words after midnight. Will be updated after the hearing starts at 9 a.m.
MARKETS & ECONOMY:
FINANCIAL MARKETS — A report on global markets, starting in Asia and updated through the close of trading on Wall Street.
FEDERAL RESERVE-POWELL — Federal Reserve Chairman Jerome Powell speaks in Dallas on a panel about the economic outlook. By Martin Crutsinger. 130 words after embargo on prepared remarks lifts at 6 p.m., 400 words by 6:45 p.m.
CONSUMER PRICES — The Labor Department reports on U.S. consumer prices for September. By Josh Boak. UPCOMING: 130 words after release of report at 8:30 a.m., 350 words by 9:15 a.m.
EARNS-MACY’S — The department store chain reports quarterly results. UPCOMING: 250 words, photo after the report is issued at about 8 a.m.