Stocks overcome trade concerns...Brexit talks...Mazda recall
Jul. 06, 2018
NEW YORK (AP) — The trade dispute between the U.S. and China escalated Friday, but Wall Street focused on a solid jobs report instead. Stocks mounted a broad rally, shaking off two consecutive weekly losses. The Dow gained nearly 100 points The S&P rose 23 points and the Nasdaq added 102 points.
LONDON (AP) — After a meeting lasting almost 12 hours, Britain's divided government says it has finally agreed on a plan for a future free-trade deal with the European Union. The plan aims to keep the U.K. and the bloc in a free-trade zone for goods, but not for services, which make up the bulk of the British economy.
PALM BEACH, Fla. (AP) — President Donald Trump's Mar-a-Lago Club wants to hire 61 foreign workers for its upcoming season, which begins in November. According to applications filed this week with the Labor Department, Mar-a-Lago wants to hire 40 waiters and waitresses at $12.68 an hour and 21 cooks at $13.31. On the application, club managers attest they can't find enough Americans qualified, willing and available to do the work.
NEW YORK (AP) — Leandra English, the deputy director of the Consumer Financial Protection Bureau who unsuccessfully sued President Donald Trump for control of the consumer watchdog agency, says she plans to resign next week. English was the chief of staff for Richard Cordray, President Barack Obama's director of the bureau. She was promoted to deputy director shortly before Cordray resigned in late November. Citing the law that created the bureau, English and Cordray both argued that she was now the acting director of the bureau.
NEW YORK (AP) — Mazda has recalled nearly 270,000 vehicles because of potentially deadly Takata airbags. About 50 million Takata airbags have been recalled over the last several years and the company has since been bought by Key Safety System. Over the last several years, about 50 million air bag inflators have been recalled in the U.S., with 22 deaths and more than 180 injuries linked to the defect.