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BC-APFN-Business News Digest

November 8, 2018

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.

TOP STORIES:

FEDERAL RESERVE — The Federal Reserve appears on track to raise interest rates once more this year but will likely hold off on any action when its latest policy meeting ends Thursday. Still, investors will be parsing the statement the Fed will issue after its meeting for any sign that it might be rethinking its probable pace of credit tightening in the coming months. By Martin Crutsinger. UPCOMING: 130 words at 2 p.m. 500 words by 2:30 p.m.

TRUMP-BUSINESS CONFLICTS — Beyond trying to get their hands on the Holy Grail of President Donald Trump’s business dealings — his tax returns — House Democrats are prepared to use their newfound majority and subpoena power to go after all manner of financial records that could back up their claims that he’s using his presidency to enrich himself and his family. By Tami Abdollah and Stephen Braun. SENT: 930 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS — Stocks in the U.S. are taking small losses after a big rally the day before. Technology and internet companies are slipping after chipmaker Qualcomm gave a disappointing revenue forecast for the current quarter. Health care companies are broadly higher after a big gain a day ago following the U.S. midterm elections, and banks are rising as the Federal Reserve wraps up its latest meeting. By Marley Jay. SENT: 830 words, photos. UPCOMING: Will be updated through 5 p.m.

MORTGAGE RATES — U.S. mortgage rates jumped this week to the highest level in seven years, a trend that is pulling down home sales and slowing home price growth. By Christopher Rugaber. SENT: 300 words, photos.

OFF THE CHARTS-PERIL OF PEAK EARNINGS — Companies across industries are reporting another quarter of robust earnings but many aren’t seeing the typical boost in their stock price. It’s tied to the gnawing concern among investors that this may be the peak for corporate profit growth. By Stan Choe. SENT: 540 words, photos.

INDUSTRY:

TOY HALL OF FAME — Magic 8 Ball and Uno fans can count on infinitely more fun, along with pinball players whose quarters have powered the arcade classic through the rise of gaming apps. The three make up the National Toy Hall of Fame’s class of 2018, recognized Thursday for their staying power and influence. By Carolyn Thompson. SENT: 430 words.

POLAND-US-GAS — Poland’s main gas company signed a long-term contract Thursday to receive deliveries of liquefied natural gas from the United States as part of a larger effort to reduce its energy dependence on Russia. By Monika Scislowska. SENT: 460 words, photos.

HEALTH CARE STOCKS-POST ELECTION BUMP — Health insurers are extending their postelection streak before the opening bell thanks to several ballot initiatives and the increased chance that a divided Congress that may not repeal the Affordable Care Act. SENT: 130 words.

LEGAL MARIJUANA-MASSACHUSETTS-FIRST SALES — A Massachusetts city with a youthful vibe and eclectic mix of culture is about to be home to the nation’s first legal recreational marijuana sellers east of Colorado. SENT: 940 words, photos.

GERMANY-DIESEL — Germany’s transport minister says automakers are prepared to offer up to 3,000 euros ($3,430) per car to help fix some older diesel vehicles with excessive emissions. SENT: 140 words.

HOMEBUILDERS-UNDER PRESSURE — The beating for homebuilders is continuing as rising interest rates and home prices keep potential buyers on the sidelines. By Matt Ott. SENT: 280 words, photos.

SUBARU RECALLS — Subaru is recalling nearly 400,000 vehicles in the U.S. to fix two problems that can cause them to stall. SENT: 220 words.

FDA-PRIMATENE MIST RETURN — A new version of the once-popular asthma inhaler Primatene Mist will soon return to U.S. stores. By Linda A. Johnson. SENT: 140 words, photos.

COCA-COLA-MONSTER — Shares of energy drink maker Monster Beverage Corp. tumbled after the company said its partner Coca-Cola Co. is developing energy drinks of its own. Sent: 140 words.

EARNINGS:

EARNS-WALT DISNEY — The Walt Disney Co. reports quarterly financial results after the market closes.

JAPAN-EARNS-NISSAN — Japanese automaker Nissan reported Thursday an 8 percent fall in profit for the latest quarter as declining sales offset the benefits of cost cuts. By Yuri Kageyama. SENT: 320 words, photos.

ITALY-EARNS-UNICREDIT — Italian bank UniCredit said Thursday that one-off provisions to cover any settlement for alleged U.S. sanctions violations in Iran and a write-down on its Turkish unit dropped third-quarter profits by 99 percent. By Colleen Barry. SENT: 380 words.

TECHNOLOGY & MEDIA:

TESLA — Tesla’s board has named one of its own as chairman to replace Elon Musk, complying with terms of a fraud settlement with U.S. securities regulators. By Tom Krisher. SENT: 920 words, photos.

COMMSCOPE-ARRIS-ACQUISITION — Telecommunications equipment maker CommScope is paying $5.7 billion for Arris International as it prepares for the entrance of faster 5G service to the wireless market. SENT: 120 words, photos.

CYBERSECURITY-FAKE REPORTERS — Hackers impersonating journalists tried to intercept the communications of a prominent Saudi opposition figure in Washington. By Raphael Satter. SENT: 1,210 words, photos.

GOOGLE-SEXUAL MISCONDUCT SHAKEUP — Google is promising to be more forceful and open about its handling of sexual misconduct cases, a week after high-paid engineers and others walked out in protest over its male-dominated culture. By Michael Liedtke. SENT: 580 words, photos.

WIRED NATURE — Scientists have equipped a Massachusetts marshland with wireless sensors, cameras and microphones to create a virtual reality world inspired by nature’s rhythms. Researchers at the Massachusetts Institute of Technology hope that by live-streaming data, sights and sounds at the Tidmarsh Wildlife Sanctuary, they can help scientists understand wildlife restoration techniques. It will also let people experience nature remotely. By Matt O’Brien. SENT: 880 words, photos.

PERSONAL FINANCE:

NERDWALLET-ETF CLOSES — The past decade has seen an explosion in new exchange-traded funds. But not all funds attract investors, and ETFs are dying off at a near-record rate this year. Here’s what to do if you face an ETF closure. By NerdWallet columnist Anna-Louise Jackson. SENT: 820 words, photos.

INTERNATIONAL:

BREXIT — The European Union’s Brexit negotiator on Thursday said that gaps remain to be bridged in talks on the U.K.’s departure from the bloc as time runs out to secure a deal and have it endorsed. By Lorne Cook. SENT: 570 words, photos.

BREXIT-LEGAL CHALLENGE — Europe’s top court will consider whether Britain can unilaterally stop Brexit, after the U.K. government’s bid to halt the case failed. SENT: 140 words.

EUROPE-ECONOMY — Economic growth across the 19-country eurozone is set to slow down further in coming years and become increasingly reliant on domestic factors like consumer spending, the European Union said Thursday. By Pan Pylas. SENT: 710 words, photos.

CHINA-TRADE — Growth in Chinese exports to the United States ticked up in October as traders rushed to beat a new tariff hike in a battle over Beijing’s technology policy. By Joe McDonald. SENT: 690 words, photos.

CHINA-STOCK MARKET BLUES — Retired salesman and day trader Lu Yushan has one piece of advice for younger small investors: cash out before they get hurt.

CHINA-AUSTRALIA — Foreign Minister Marie Payne says Australia’s rejection of a Chinese bid to take over an energy infrastructure company does not indicate a change in the country’s openness to doing business with China. By Christopher Bodeen. SENT: 640 words, photos.

NKOREA-DIAMOND MOUNTAIN — Returning to Diamond Mountain: As North Korean leader Kim Jong Un slow walks his nuclear talks with Washington, his wooing of South Korean investment lays bare a strategic rift. By Eric Talmadge. SENT: 1,250 words, photos.

NETHERLANDS-MODERN SLAVERY — A North Korean worker who claims he is a victim of modern slavery in a Polish shipyard has filed a criminal complaint against a Dutch shipbuilder that bought products from the Polish firm, an activist group said. By Mike Corder. SENT: 400 words.

MEXICO-IMF — The International Monetary Fund is warning that uncertainty associated with the policies of the incoming administration of Mexican President-elect Andres Manuel Lopez Obrador persists and poses a significant challenge for the country’s economy. SENT: 130 words.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

Headwind for home sales

Shares in D.R. Horton slumped Thursday after the homebuilder reported weak quarterly results and said rising prices and mortgage rates are dampening demand for homes.

CENTERPIECE

Boeing stressed to the Max

Boeing’s stock is again proving resilient to shocks, even the first fatal crash involving its newest airliner, the Max.

Business News Supervisor Richard Jacobsen (800-845-8450, ext. 1680). For photos (ext. 1900.) For graphics/interactives (ext. 7636.) For access to AP Newsroom and technical issues: customersupport@ap.org, or 877-836-9477. Questions about transmission of financial market listings, call 800-3AP-STOX.

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