Dow up slightly, S&P down…UK leader warns: it’s my Brexit agreement or no deal…NKorea international trade fair
NEW YORK (AP) – At 10:33 a.m. Eastern Time, the S&P 500 index fell 6 points, to 2,899. The Dow Jones Industrial Average is up 9 points, to 26,164. And the Nasdaq composite fell 67 points, to 7,942. The Russell 2000 index of smaller companies gave up 7 points, or 0.4 percent, to 1,714. There’s speculation that the Trump administration is preparing to impose tariffs on another $200 billion-worth of Chinese goods.
ALBANY, N.Y. (AP) – A new report from New York state Comptroller Thomas DiNapoli finds that Wall Street salaries are at their highest levels since the 2008 economic crisis. The report issued today finds that the average salary at Wall Street firms last year was $422,500. That’s a 13 percent increase over the year before the highest since 2008. DiNapoli says that overall, the industry had $24.5 billion in pre-tax profits last year.
MIDLAND, Mich. (AP) – DowDuPont is naming the chief executives who will lead its agriculture and specialty products businesses once they’re split off from the company. The chemical giants Dow and DuPont merged last year. The company says that James Collins, the chief operating officer at DowDuPont’s agriculture unit, will lead Corteva Agriscience. Marc Doyle, the COO for the specialty products division, will become CEO of DuPont. Jim Fitterling has already been picked to lead Dow, the materials science division.
LONDON (AP) – British Prime Minister Theresa May is warning opponents of her blueprint for Brexit that rejecting it means crashing out of the European Union without a deal, an outcome the International Monetary Fund said today would have “very large” economic costs. With just over six months until Britain is due to leave the 28-nation EU on March 29, May’s Conservative government remains divided over how close an economic relationship to seek with the bloc.
PYONGYANG, North Korea (AP) – Vendors selling everything from car batteries to kangaroo essence have descended on Pyongyang, North Korea for an international trade fair. Though the country remains one of the most heavily sanctioned in the world, this year’s trade fair includes more than 320 companies and is making something of a comeback, with a large number of Chinese taking part. North Korea’s vice trade minister kicked it off today, saying his country is serious about actively pursuing trade deals with foreign countries.