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BC-Business News Digest

September 17, 2018

Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org.

TOP STORIES:

TRUMP TRADE-POLITICAL STRATEGY — What’s behind President Donald Trump’s scorched-earth stance toward tariffs and the pain it threatens to cause for American individuals and companies so close to midterm elections? Farmers and businesses stand to suffer from the fights he’s started with China, Canada and other key U.S. trading partners. But the administration appears to be betting that getting tough on trade is a politically shrewd strategy that will help seal deals with South Korea, Canada and Mexico before Election Day. By Paul Wiseman and Ken Thomas. SENT: 1,190 words, photos.

With:

US-CHINA TARIFFS-BEIJING’S OPTIONS — One of China’s most prominent figures in global finance says Beijing should press Washington to end their tariff battle by clamping down on exports of goods needed by American companies, according to news reports. By Joe McDonald. SENT: 600 words, photos.

US-SPACEX-MOON — SpaceX is on the verge of announcing the name of person who would be the first private passenger on a trip around the moon. SENT: 350 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS — A slide in technology companies led U.S. stocks lower amid speculation that the Trump administration is preparing to impose tariffs on another $200 billion-worth of Chinese goods. By Alex Veiga. SENT: 520 words, photos. UPCOMING: Will be updated through 5 p.m.

With:

WALL STREET PROFITS — Salaries on Wall Street rose last year to their highest level since the 2008 financial crisis, according to a report issued Monday by New York state Comptroller Thomas DiNapoli. By David Klepper. SENT: 320 words.

EUROPE-NEW BANKNOTES — New versions of the 100- and 200-euro banknotes have more anti-counterfeiting features and a slimmer size that should make them easier to fit into wallets and purses. SENT: 180 words, photos.

INDUSTRY:

DOWDUPONT-EXECUTIVES — DowDuPont is naming the chief executives who will lead its agriculture and specialty products businesses once they’re split off from the company. SENT: 160 words, photos.

AUSTRALIA-SABOTAGED STRAWBERRIES — Public fears about sewing needles concealed inside strawberries on supermarket shelves have spread across Australia and New Zealand as growers turn to metal detectors and the Australian government launches an investigation to restore public confidence in the popular fruit. By Rod McGuirk. SENT: 570 words, photos.

SPORTS GAMBLING-FIGHTING THE FIX — Some pro and college sports are worried about games being fixed as legal sports gambling spreads in the United States. By David Porter and Regina Garcia-Cano. SENT: 1,570 words, photos.

TROPICAL WEATHER-TOXIC SITES — Flooded rivers from Florence’s driving rains have begun to swamp coal ash dumps and low-lying hog farms, raising pollution concerns as the swollen waterways approach their crests Monday. By Michael Biesecker. SENT: 600 words, photos.

OLDEST NUCLEAR PLANT-CLOSING — America’s oldest nuclear power plant, the Oyster Creek Nuclear Generating Station in New Jersey, is shutting down. By Wayne Parry. SENT: 130 words. UPCOMING: Will be udpated following 1 p.m. briefing.

LOUISIANA-DEADLY ROSE DISEASE — An incurable rose disease once hailed as a possible way to eradicate an invasive plant is now threatening the nation’s $250-million-a-year rose business. UPCOMING, timing uncertain.

BRITAIN-LONDON FASHION WEEK — Coverage of London Fashion Week catwalk shows including Burberry and Christopher Kane. UPCOMING, timing uncertain.

VAPING MARIJUANA-YOUTH — A school-based survey shows nearly 1 in 11 U.S. students have used marijuana in electronic cigarettes, heightening concern about the new popularity of vaping among teens. By Carla K. Johnson. SENT: 520 words, photos.

TYSON FOODS-CEO — Tyson Foods has announced its president and chief executive officer Tom Hayes will step down at the end of September for “personal reasons.” SENT: 230 words, photos.

NIKE PURCHASES-RHODE ISLAND — A Rhode Island town is considering asking its departments to refrain from purchasing Nike products, and the American Civil Liberties Union is objecting. SENT: 150 words.

OLDEST NUCLEAR PLANT-CLOSING — America’s oldest nuclear power plant has shut down as planned. Officials at the Oyster Creek Nuclear Generating Station in New Jersey say the plant went offline at noon Monday. By Wayne Parry. SENT: 130 words, photos.

TECHNOLOGY & MEDIA:

AMAZON-SMALL BUSINESS STORE — Amazon wants you to shop small. The online retailer launched a new section of its site Monday called Amazon Storefronts, which only lists products sold by small- and medium-sized businesses in the U.S. By Joseph Pisani. SENT: 330 words.

WIKILEAKS — The Associated Press has obtained tens of thousands of files from within the WikiLeaks organization, laying bare the internal workings of the secret-spilling site. By Raphael Satter. SENT: 1,230 words, photos.

BOOKS-CRAZY RICH ASIANS — Crazy Rich Asians’ isn’t just a hit at the box office: Kevin Kwan’s novel and its two follow-ups have sold more than 1 million copies this year. SENT: 150 words.

MOVIE THEATER SUBSCRIPTIONS — A Turkish startup is offering a movie a day in theaters for $30 a month. It’s three times what MoviePass had charged for a similar plan. But that was financially unsustainable. Users may have to pay per-movie fees charged by online ticketing services. SENT: 140 words.

PERSONAL FINANCE:

WOMEN-RETIREMENT AGE — Married women tend to retire when their husbands do, but many should consider waiting because they’ll otherwise miss out on building Social Security wealth. By NerdWallet columnist Liz Weston. SENT: 830 words, photos.

INTERNATIONAL:

NKOREA-THE ROAD TO SUCCESS? — With a high-stakes Korea summit looming, could joint infrastructure projects help pave the way to denuclearization? By Eric Talmadge. SENT: 1,000 words, photos.

With:

NKOREA-TRADE FAIR — Vendors selling everything from car batteries to “kangaroo essence” health pills have descended on Pyongyang for an international trade fair. By Eric Talmadge. SENT: 590 words, photos.

EASTERN EUROPE-SUMMIT — U.S. President Donald Trump has reaffirmed Washington’s support for a business summit that aims to boost connectivity in Eastern Europe and improve ties between the region and the U.S. and European Union. SENT: 540 words, photos.

BREXIT — British Prime Minister Theresa May has warned opponents of her blueprint for Brexit that rejecting it means crashing out of the European Union without a deal, an outcome the International Monetary Fund said Monday would have “very large” economic costs. By Jill Lawless. SENT: 390 words, photos.

SWITZERLAND-FUTURE OF JOBS — More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report that highlights the speed with which the labor market will change in coming years. By Jamey Keaten. SENT: 420 words, photos.

SAUDI ARABIA-LOAN — Saudi Arabia’s sovereign wealth fund says it has taken its first loan, a $11 billion borrowing from global banks as it tries to expand its investments. By Jon Gambrell. SENT: 830 words.

CHINA-FOREIGN BUSINESS — The European Union Chamber of Commerce in China releases a report on business conditions amid mounting trade tensions with Washington and the European Union. On merits.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

Dow is up

DowDuPont’s stock rose after the chemical giant named new executives to lead its agriculture and specialty products businesses once they’re split off from the company.

CENTERPIECE

Making inn-provements

U.S. hotels are expected to spend a record $7.05 billion on improvements this year. At the top of their lists: expanding fitness centers, adding breakfast offerings and improving internet speeds.

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.

The full digest for AP’s Money & Markets service can be found at markets.ap.org. For questions about M&M content, contact Greg Keller at (212) 621-7958.

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