Wall Street expected to open lower … China wants US to meet it halfway … Good season for King Salmon
BEIJING (AP) – Global stock markets were mixed today following Wall Street’s rebound as investors look ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. Investor reaction was muted following Wednesday’s release of notes from the latest Fed meeting showing conflicting opinions about rates. Benchmarks in London and Frankfurt declined in early trading. Hong Kong closed down while Shanghai and Tokyo advanced. Wall Street is expected to open lower with Dow and S&P futures down 0.1%.
BEIJING (AP) – China is appealing to Washington to ‘meet each other halfway’ and settle a tariff war. A government spokesman warns that planned U.S. tariff hikes will ‘escalate trade friction.’ The Trump administration has postponed some tariff increases previously planned for Sept. 1 on Chinese imports but others are due to go ahead.
PARIS (AP) – A group of U.S. legislators has written Prime Minister Boris Johnson, warning him that any trade deal with the United States is “highly unlikely” if the historic Good Friday accord is weakened. The Congressional Friends of Ireland, a group in the U.S. Congress which promotes peace and reconciliation in Northern Ireland writes that the peace process is “still fragile and needs to be nurtured.”
LOUISVILLE, Ky. (AP) – President Donald Trump is ordering his administration to find ways to forgive student loan debt held by disabled veterans. Trump signed the order Wednesday after his speech to more than 2,500 veterans attending the AMVETS national convention in Louisville, Kentucky. He says there will be no federal income tax on the forgiven debts and that he will ask states to waive their taxes on the loans.
SAN FRANCISCO (AP) – California fishermen are reporting one of the best salmon fishing seasons in years, thanks to heavy rain and snow that ended the state’s historic drought. It’s a sharp reversal for chinook salmon, also known as king salmon. The iconic fish helps sustain many Pacific Coast fishing communities. A marine scientist with California’s fish and wildlife agency says commercial catches have so far surpassed official preseason forecasts by roughly 50%.