Global stocks mixed … Senate assesses Trump’s pick for IRS head … Make way for the Amazon van
SINGAPORE (AP) – Global stocks have been mixed today as investors let the latest assurances from the U.S. and China on trade simmer, after a roller coaster of exchanges between the two powers brought widespread uncertainty. European shares are lower in early trading. Japan’s benchmark Nikkei 225 index remained almost flat and Hong Kong’s Hang Seng added 0.5 percent. The Shanghai Composite in mainland China extended its losses by 0.9 percent. Dow futures are up 0.1 percent and the broader S&P 500 futures are up 0.2 percent.
WASHINGTON (AP) – The Senate is assessing President Donald Trump’s choice to head the IRS. Charles Rettig, a Beverly Hills tax lawyer, would face the colossal challenge of overseeing the most sweeping overhaul of the U.S. tax code in three decades. Rettig has represented thousands of individuals and companies in civil and criminal tax matters before the agency and against it in court. He also defended Trump’s decision to break with tradition by refusing to release his personal tax filings.
BEIJING (AP) – China’s government is defending its trade record as a benefit to the world in a new effort to defuse U.S. and European pressure over market access and technology. A Cabinet report repeats promises to cut some tariffs and ease investment controls but mentions no new initiatives. Beijing has offered to narrow its politically volatile trade surplus with the United States but has resisted pressure to roll back ambitious technology plans.
SEATTLE (AP) – Your Amazon packages may soon be delivered from an Amazon van. The online retailer is rolling out a program today that lets entrepreneurs in the U.S. start businesses that deliver Amazon packages. They’ll be able to lease blue vans with the Amazon logo stamped on it, buy Amazon uniforms for drivers and get support from Amazon to grow their business. In return, Amazon gets more ways to ship its packages to shoppers without having to rely on UPS or FedEx.
BRUSSELS (AP) – British Prime Minister Theresa May is facing a chiding from European Union leaders over the U.K.’s slow progress in planning for Brexit. May is due to give the 27 other EU leaders a brief update on U.K. departure plans over dinner in Brussels today. But Britain’s looming exit is a side dish at a summit more concerned with stemming a growing political crisis over migration.