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BC-Business News Digest

May 1, 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:

COLLEGE GRADS-MIDDLE CLASS _ A college degree has long been a ticket to the U.S. middle class. It typically confers higher pay, stronger job security, greater home ownership and comparatively stable households. Those benefits have long been seen as worth the sacrifices often required, from deferred income to student debt. Yet college graduates aren’t as likely as they once were to feel they belong to the middle class, according to a collaborative analysis of the 2018 General Social Survey by The AP-NORC Center and GSS staff. By Josh Boak and Emily Swanson. SENT: 1,200 words, photos, graphic.

CHINA-US TRADE _ American and Chinese trade negotiators met for talks on their bruising tariff war after Treasury Secretary Steven Mnuchin said the U.S. side might be moving toward a decision on whether to make a deal with Beijing. SENT: 350 words, photos.

SMALLBIZ-SMALL TALK-STATE OF SMALL BUSINESS _ While Trump administration officials say the president’s policies are helping the economy and in turn small businesses, reports by economists and surveys of owners show the state of small business is more mixed. By Joyce M. Rosenberg. UPCOMING: 1,300 words by noon, photos. An abridged version also will be available.

With:

_ SMALLBIZ-NATIONAL SMALL BUSINESS WEEK _ National Small Business Week, being held this year May 5-11, is a largely publicity and cheerleading event. UPCOMING: 200 words by noon.

MARKETS & ECONOMY:

FEDERAL RESERVE _ The Federal Reserve releases its latest monetary policy statement after a two-day meeting. By Martin Crutsinger. UPCOMING: 130 words at 2 p.m. 500 words by 2:30 p.m.

FINANCIAL MARKETS _ Stocks are opening higher on Wall Street after several big U.S. companies reported earnings that were better than analysts were expecting. SENT: 400 words, photos. UPCOMING: Will be updated through 5 p.m.

ECONOMY-MANUFACTURING _ U.S. manufacturers expanded at a slower pace in April, as measures of new orders, production and employment each slipped. By Josh Boak. SENT: 130 words, photo. UPCOMING: 350 words by 10:45 a.m.

ADP-EMPLOYMENT _ U.S. companies added the most jobs in 9 months in April, a sign that hiring remains strong amid solid economic growth. By Christopher Rugaber. SENT: 320 words, photo.

CONSTRUCTION SPENDING _ U.S. construction spending dropped in March or the first time in four months, and spending on U.S. home construction fell to the lowest level in more than two years. By Paul Wiseman. SENT: 130 words, photo. UPCOMING: 300 words by 10:45 a.m.

EARNINGS:

EARNS-CVS _ CVS Health is reporting a 42% spike in profits during the first quarter and it’s raising its outlook for the year. By Tom Murphy. SENT: 330 words, photos.

INDUSTRY:

SAS-PILOTS STRIKE _ Scandinavian Airlines is cancelling another 280 flights across the Nordic region through Thursday afternoon (1200 GMT), affecting 20,000 more passengers, due to a pilots’ strike. SENT: 130 words, photo.

TECHNOLOGY & MEDIA:

WIKILEAKS-ASSANGE _ A judge has sentenced WikiLeaks founder Julian Assange to 50 weeks in prison for skipping bail seven years ago and holing up in the Ecuadorian embassy. By Gregory Katz. SENT: 50 words, photos.

THAILAND-CAVE BOYS _ Netflix is joining with the production company for the movie “Crazy Rich Asians” to make a film about last July’s dramatic rescue of 12 boys and their soccer coach who were trapped in a flooded cave in northern Thailand for more than two weeks. SENT: 520 words, photos.

NEW ZEALAND-MOSQUE ATTACKS-MEDIA _ New Zealand’s major media organizations pledged Wednesday not to promote white supremacist ideology when covering the trial of the man charged with killing 50 people at two mosques. By Nick Perry. SENT: 500 words, photos.

PERSONAL FINANCE:

BEHIND THE WHEEL-MAZDA 3 OR TOYOTA COROLLA _ The Mazda 3 hatchback and Toyota Corolla hatchback are new for 2019. Edmunds examines utility, performance, design and value to determine which is the superior hatch. By Cameron Rogers. SENT: 850 words, photos.

INTERNATIONAL:

MAY DAY RALLIES _ Hundreds of thousands of labor activists are marking May Day by marching to demand better working conditions, higher salaries and more rights for workers. By Frank Jordans and Kim Tong-Hyung. SENT: 1,000 words, photos.

BRITAIN-HEATHROW _ Campaigners fighting British government plans to expand Heathrow Airport lost a challenge in one of the country’s highest courts on Wednesday, in a decision which deemed the expansion lawful. By Danica Kirka. SENT: 460 words, photo.

BREXIT _ The British government is scrapping much-criticized Brexit contracts with ferry companies, at a substantial cost to taxpayers. By Jill Lawless. SENT: 390 words, photo.

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.