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BC-Business News Digest

May 9, 2019

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:

UNITED STATES-CHINA TRADE TALKS _ U.S. and Chinese negotiators are to resume trade talks just hours before the United States is set to raise tariffs on Chinese imports in a dramatic escalation of tensions between the world’s two biggest economies. By Paul Wiseman and Joe McDonald. SENT: 820 words, photo. UPCOMING: Will be updated. Incorporates TRUMP-CHINA-TARIFFS.

With:

CHINA-TRADE TALKS-XI’S CHALLENGE _ The tariff war between Washington and Beijing poses one of the biggest challenges yet for Chinese President Xi Jinping, potentially exposing his political vulnerabilities at a time when the Chinese economy is already slowing. By Christopher Bodeen. SENT: 1,000 words, photos.

Also:

TRUMP-CHINA TARIFFS-POLICING A TRADE DEAL _ Reaching a deal with China to end a tariff war would be only the first hurdle for the Trump administration. The American government wants Beijing to accept an enforcement mechanism with penalties to make sure it carries out any commitments. U.S. officials say their caution is justified because Beijing has broken a string of market-opening promises while stealing technology and rigging its system against foreign companies. But effective enforcement would require lifting the lid of secrecy on how the ruling Communist Party carries out its development plans. By Paul Wiseman and Joe McDonald. UPCOMING: 900 words by 4 p.m.

FACEBOOK-CELEBRATING TERRORISM _ A confidential whistleblower’s complaint to the Securities and Exchange Commission claims that Facebook is exaggerating its success in staying ahead of extremists by taking down their posts. The complaint even says that the social media company is inadvertently making use of propaganda by militant groups to auto-generate videos and pages that could be used for networking by extremists. By Desmond Butler and Barbara Ortutay. SENT: 2,200 words, photos. An abridged version of 950 words also is available.

CHEVRON-ANADARKO _ Chevron won’t increase its buyout offer for Anadarko, cutting short a potential bidding war with Occidental Petroleum. SENT: 230 words, photos.

ONLY ON AP:

GERMANY-SALT BATTERY _ Amid the hum and heat of Berlin’s Reuter thermal power station stands a shining contraption that looks out of place in the decades-old machine hall. By Frank Jordans. SENT: 800 words, photos.

FREE STREAMING SERVICES _ Free movies and TV shows are available online on legitimate services. But they’re kinda hard to watch. A lot of the shows and movies aren’t that great. Finding the gems can be fun, but time-consuming. Then there are commercials and sometimes inconvenient organization. Still, they’re free! By Tali Arbel. UPCOMING: 950 words by 2 p.m., photos.

MORE ON TRADE:

TRADE GAP _ The U.S. trade deficit increased slightly in March even though the deficit with China fell to the lowest point in five years. By Martin Crutsinger. SENT: 380 words, photos.

CHINA-TARIFFS-CHINESE COMPANIES _ Chinese exporters of all sorts of products, from power adapters and computers to vacuum cleaners, are anxiously hoping trade talks in Washington this week will yield a deal that might stave off higher U.S. tariffs on imports from China. By Yanan Wang. SENT: 610 words, photos.

PENCE-TRADE _ Vice President Mike Pence is rolling into the Midwest to tout the administration’s new North American trade agreement, while back in Washington President Donald Trump tries to salvage a transformative trade deal with China. By Dave Kolpack. SENT: 630 words, photo.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ U.S. stocks slumped with other markets around the world after China said it would retaliate if the U.S. follows through with a plan to raise tariffs on Chinese imports. SENT: 550 words, photos. UPCOMING: Will be updated through 5 p.m.

With:

OFF THE CHARTS-LIMPING HEALTH CARE _ While the broader stock market has thrived, shares of drugmakers and health insurers have lagged as politicians criticize the high cost of prescription drugs and medical care. By Damian J. Troise. SENT: 350 words, photo.

SAVING MORE FOR RETIREMENT _ Last year’s tumble for the stock market wasn’t enough to scare workers off of saving for retirement. Instead, many ended up saving more. By Stan Choe. SENT: 630 words, photo.

MORTGAGE RATES _ Freddie Mac reports on this week’s average U.S. mortgage rates. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.

PRODUCER PRICES _ U.S. wholesale prices edged up 0.2% in April, driven higher by a big jump in energy costs. By Martin Crutsinger. SENT: 130 words, photos. UPCOMING: 300 words by 9:15 a.m.

EARNINGS:

EMIRATES-EARNS _ The Middle East’s biggest airline, Emirates, said profits were down almost 70% in the past fiscal year, reaching lows of $237 million, compared to last year’s whopping $762 million. By Aya Batrawy. SENT: 480 words, photos.

JAPAN-EARNS-SOFTBANK _ Japanese technology company SoftBank has reported a 36% year-on-year increase in profit for the fiscal year through March, partly on gains from its Vision Fund. By Yuri Kageyama. SENT: 320 words, photos.

INDUSTRY:

HARRY’S SALE _ Harry’s, the upstart shaving company, is being acquired by the owner of Schick razors for $1.37 billion. SENT: 130 words. UPCOMING: Will be updated.

JAPAN-NISSAN-GHOSN _ A Japanese court has rejected an appeal from the lawyers of Nissan former Chairman Carlos Ghosn over bail conditions that forbid him to freely contact his wife. SENT: 130 words.

TECHNOLOGY & MEDIA:

ALEXA-KIDS-PRIVACY _ A kids’ version of Amazon’s Alexa won’t forget what children tell it, even after parents try to delete the conversations, according to a report by consumer advocates. By Matt O’Brien. SENT: 540 words, photo.

SPORTS BETTING-FOX SPORTS _ Fox Sports viewers tuning in to some broadcasts this fall will not only see the game, but also will get betting predictions. By Wayne Parry. SENT: 520 words, photos.

JAPAN-TOYOTA-PANASONIC _ Japanese automaker Toyota and electronics giant Panasonic are forming a joint venture combining their housing businesses in Japan to showcase technologies such as connected cars and the internet of things. By Yuri Kageyama. SENT: 330 words, photos.

SINGAPORE-FAKE NEWS _ Singapore has passed a law criminalizing publication of fake news and allowing the government to block and order the removal of such content. SENT: 350 words, photo.

PERSONAL FINANCE:

NERDWALLET-AFFORDABLE FURNITURE _ If you moved into a bigger space or parted with unwanted furniture, your new house may feel somewhat empty. To furnish it without overspending, stick to cash and learn when, where and how to spot deals. Also, prioritize buying essentials and furniture that makes your new house feel fuller. By Laura McMullen. UPCOMING: 780 words, photos by 11 a.m.

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 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.