BC-APFN-Business News Preview
BC-APFN-Business News Preview
Jul. 05, 2018
Among the stories Thursday from The Associated Press:
US-CHINA TARIFFS-THE CASUALTIES — American farmers are already being hurt by falling prices for the soybeans they send to China. Higher prices are likely for many products in the U.S. that use Chinese parts, from home aquariums and fans to bath tubs and vacuum sealer products. As the United States and China prepare to impose tariffs beginning Friday on an initial $34 billion of each other's goods — with potentially many more to be taxed later — the pain will be felt by consumers and businesses on both sides. By Paul Wiseman and Joe McDonald. UPCOMING: 950 words by 3 p.m.
CHINA-US-TRADE WAR WORRIES — China says it's girded for a trade war with the U.S. and can give as good as it gets, but behind the official bravado lies a deep unease over trade friction with Washington. By Christopher Bodeen and Joe McDonald. SENT: 1,090 words, photos. Incorporates China-US-Trade.
— US-CHINA-TARIFFS-THE LATEST — Running updates.
— More on trade in a separate section below.
OF MUTUAL INTEREST-ARTIFICIAL INTELLIGENCE — Can a computer do a better job investing your money than a flesh-and-blood portfolio manager? ETF Managers Group unveiled a fund in November that leaves investment decisions up to a computer. Its CEO discusses the advantages of this type of investing. By Alex Veiga. SENT: 650 words, photo.
Only on AP:
TRUMP-RUSSIA-OLIGARCH'S INFLUENCE — In American financial circles, Viktor Vekselberg was known for decades a man who got deals done — sometimes with Russian President Vladimir Putin's blessing. By Garance Burke and Stephen Braun. SENT: 2,500 words, photos. An abridged version of 970 words also is available.
More on TRADE:
CHINA-US-TECH RELIANCE — Chinese telecoms giant ZTE Corp.'s brush with death after Washington barred it from buying U.S. components was a stark reminder that China's industries still depend on American technology despite Beijing's efforts to catch up. By Joe McDonald. SENT: 1,030 words, photos. First moved late Wednesday night.
CHINA-TECH PLAYERS — Technology and U.S. anxiety about Chinese competition are at the center of the trade dispute between the world's two largest economies. Here are some of China's biggest names in telecoms equipment, clean energy and medical equipment. SENT: 850 words, photos.
MARKETS & ECONOMY:
IRAN-US-OIL — Iran's representative to OPEC says U.S. President Donald Trump should stop tweeting about wanting lower oil prices, saying that doing so has the opposite effect. SENT: 120 words.
FINANCIAL MARKETS Stocks are opening solidly higher on Wall Street, turning major U.S. indexes higher for the week. SENT: 500 words, photos. UPCOMING: Will be updated through end of trading.
ADP-EMPLOYMENT — A private survey shows that American businesses added 177,000 workers in June, a sign of health and resilience for the U.S. labor market and economy. By Josh Boak. SENT: 280 words, photo.
MORTGAGE RATES — Freddie Mac reports on this week's average U.S. mortgage rates. By Josh Boak. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.
ECONOMY-SERVICES — The Institute for Supply Management, a trade group of purchasing managers, issues its index of non-manufacturing activity for July. By Martin Crutsinger. UPCOMING: 130 words after release of report at 10 a.m., 300 words by 10:45 a.m.
FEDERAL RESERVE-MINUTES — The Federal Reserve releases minutes from its June meeting when it took note of a resilient economy and raised its benchmark interest rate for the second time this year. By Martin Crutsinger. UPCOMING: 130 words after 2 p.m. release. 400 words by 2:45 p.m.
PUERTO RICO-ECONOMIC CRISIS — Puerto Rico's governor says he will sue a federal control board to resolve budget differences as the U.S. territory battles an 11-year recession. SENT: 130 words, photo.
BOEING-EMBRAER — Boeing and the Brazilian jet maker Embraer will attempt to form a joint venture that would push the U.S. aerospace giant more aggressively into the regional aircraft market. SENT: 230 words, photo.
LEGAL MARIJUANA-BLACK MARKET — California ushered in broad marijuana legalization nearly six month ago, but the illegal market still thrives. By Michael Balsamo. SENT: 130 words, photos, video.
TECHNOLOGY & MEDIA:
RUSSIA-GOOGLE-DATA — A Russian Internet company says it has received complaints that its search engine was turning up some Google documents that appeared to be meant for personal use. SENT: 130 words.
NEW ZEALAND-KIM DOTCOM — Flamboyant internet entrepreneur Kim Dotcom and three of his former colleagues have lost their latest bid to avoid extradition to the U.S. to face criminal charges. By Nick Perry. SENT: 430 words, photo.
WCUP-MIGRANT WORKERS — Behind the veneer of Russia's smooth-running World Cup are legions of migrant workers from Central Asia, who deal with discrimination but form a pillar of the economy. By Angela Charlton and James Ellingworth. SENT: 1,080 words, photos.
BREXIT — British Prime Minister Theresa May's office disclosed details of a plan for customs ties with the European Union that she hopes will unite warring pro-Brexit and pro-EU factions of her Conservative government. By Jill Lawless. SENT: 550 words, photos.
GERMANY-ECONOMY — German factory orders surged in May, beating economists' expectations and ending a string of declines. SENT: 130 words, photo.
JAPAN-NUCLEAR — Japan's nuclear policy-setting body endorses a call for stricter management of its fuel recycling program to reduce its plutonium stockpile. By Mari Yamaguchi. SENT: 570 words, photos.
BRAZIL-CORRUPTION — A Brazilian Supreme Court justice has ordered the suspension of the labor minister as part of a corruption investigation. SENT: 130 words.