Global markets mixed...US moves to put new tariffs on billions’ worth of EU imports...IRS commissioner to face lawmakers on Trump tax returns
BEIJING (AP) — Global markets are mixed today following Wall Street’s gain as investors watch for Brexit developments and corporate earnings. Benchmarks in Frankfurt, Paris and Tokyo gained while London and Shanghai edged down. Sydney is unchanged. Wall Street is expected to open slightly higher, with Dow and S&P futures up just under 0.1 percent.
LONDON (AP) — The United States is considering putting tariffs on $11 billion in EU goods per year to offset what it says are unfair European subsidies for planemaker Airbus. While the size of the potential tariffs is relatively small compared with the hundreds of billions the U.S. and China are taxing in their trade war, it suggests a breakdown in talks with the European Union over trade. The U.S. and EU have been negotiating since last year about how to avoid tariffs.
WASHINGTON (AP) — IRS Commissioner Charles Rettig will be facing off with lawmakers on Capitol Hill today for the first time since he was asked to deliver President Donald Trump’s tax returns to a Democratic-controlled House panel. Rettig is sure to face questions from a House Appropriations Committee panel on the topic this afternoon. Treasury Secretary Steven Mnuchin squares off with lawmakers in the morning.
TOKYO (AP) — Nissan’s former Chairman Carlos Ghosn is maintaining he is innocent and in a video released by his legal team accuses some executives at the Japanese automaker of a “conspiracy” that led to his arrest on financial misconduct allegations. Ghosn spoke calmly in a nearly 10-minute video prepared before his fourth arrest last week. Nissan has said Ghosn initiated financial misconduct it uncovered and used Nissan money for personal gain.
NATCHEZ, Miss. (AP) — Living conditions are deteriorating in taxpayer-funded apartments for the poor, but few landlords face serious consequences. An Associated Press analysis shows a long decline in health and safety inspection scores at apartments assigned to low-income tenants. A U.S. Department of Housing and Urban Development spokesman acknowledges older properties don’t always get needed repairs, but says recent scores also are down because inspectors are getting tougher.