Wall Street quiet…Trump voices optimism on China…French protests may widen
NEW YORK (AP) – U.S. stock trading is closed today to mourn the death of former President George H.W. Bush. Global stock prices fell today, though the selloff wasn’t as severe as the one seen yesterday on Wall Street amid confusion about what the U.S. and China agreed to in a tariff cease-fire.
WASHINGTON (AP) – President Donald Trump is expressing optimism that China will to push forward with a cease fire on trade as tensions between Washington and Beijing escalates. Trump tweeted early today that Beijing is sending “very strong signals” about a new trade framework since returning from talks over the weekend in Buenos Aires. China’s Commerce Ministry did say on its website that it would begin “implementing specific issues on which consensus has been reached,” but the vague statement included no details.
BRUSSELS (AP) – European Union authorities want internet companies including Google, Facebook and Twitter to file monthly reports on their progress eradicating Russian-backed “fake news” from their platforms ahead of elections next year. EU officials unveiled the measures today as part of an action plan to counter disinformation in the lead up to the continent-wide vote in the spring.
PARIS (AP) – Trade unions and farmers are pledging to join nationwide protests against French President Emmanuel Macron. Concessions by the government failed to stem the momentum of the most violent demonstrations France has seen in decades. The protests began over a plan to raise fuel taxes, but by the time Prime Minister Edouard Philippe bowed to three weeks of violence and suspended the plan yesterday, the protesters were demanding much more.
SAN FRANCISCO (AP) – Google’s self-driving car spinoff is finally ready to try to profit from its nearly decade-old technology. Waymo is introducing a small-scale ride-hailing service in the Phoenix area that will include a human behind the wheel in case the robotic vehicles malfunction. The service debuts today and marks a significant milestone for Waymo, which began as a secretive project within Google in 2009. Since then, Waymo’s cars have robotically logged more 10 million miles on public roads in 25 cities while getting into only a few mostly minor accidents.