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Stocks fall...Survey: No recession near...Brexit pressure

January 28, 2019

BANGKOK (AP) — Shares fell in Europe early Monday after Asian markets retreated from early gains on caution over China-U.S. trade talks and over the ability of congressional negotiators to forge a government funding bill acceptable to President Donald Trump. Futures point to a lower opening on Wall Street. Benchmark U.S. crude oil shed more than a dollar, falling to just above $52.50 per barrel. The dollar was down against the yen and the euro.

WASHINGTON (AP) — A majority of business economists foresee no recession in the United States within the next 12 months but do predict a slowdown in growth this year. A survey by the National Association for Business Economics finds that nearly two-thirds of respondents think the economy will keep growing this year in what would become the longest expansion on record in U.S. history at more than 10 years. Still, the survey results being released Monday reflect a collective belief that some of the economy’s momentum is fading

LONDON (AP) — A leading Brexit supporter says he will back Prime Minister Theresa May’s Brexit divorce deal with the European Union if she wins concessions on controversial language designed to prevent border checks in Northern Ireland. Boris Johnson, the former U.K. foreign secretary, writes Monday in the Daily Telegraph that it would be “unadulterated good Brexit news” if May negotiated an expiration date for the Irish border backstop plan. Currently, the backstop clause would indefinitely keep Britain in a customs union with the EU.

WASHINGTON (AP) — The Trump administration is closely eyeing efforts in Europe to set up an alternative money payment channel to ease doing business with Iran and avoid running afoul of sanctions the U.S. has levied on the Islamic republic. The White House is putting the Europeans on notice, saying that if they try to do an end-run around U.S. sanctions on Iran, they will be subject to stiff fines and penalties. Unfazed, the European Union is marching forward with the plan, which, if implemented, could further strain trans-Atlantic relations.

BILLINGS, Mont. (AP) — As the Trump administration rolls back environmental and safety rules for the energy sector, government projections show billions of dollars in savings reaped by companies will come at a steep cost: more premature deaths and illnesses from air pollution, a jump in climate-warming emissions and more severe derailments of trains carrying explosive fuels. The Associated Press analyzed 11 major rules targeted for repeal or relaxation under Trump, using the administration’s own estimates to tally how its actions would boost businesses and harm society.

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