Stocks slip…European Central Bank weighs stimulus…Rocket’s swan song puts GPS satellite in orbit
NEW YORK (AP) – Stocks are giving up early gains in morning trading on Wall Street. The major indexes have turned negative after opening broadly higher on encouraging corporate earnings reports. Global stocks were mixed.
FRANKFURT, Germany (AP) – The European Central Bank is weighing a package of stimulus measures including an interest rate cut and new bond purchases to counter worries that growth is slowing more than expected. The ECB said in its July 25 policy statement that it was “determined to act” to raise inflation and was ready to use “all its instruments” if things don’t improve. A written account of the July 25 meeting released today cites discussion that a package of measures would be “more effective” than any single step.
PARIS (AP) – German Chancellor Angela Merkel (AHN’-geh-lah MEHR’-kuhl) says a suggestion she made that a solution to the Brexit dispute be solved in 30 days shouldn’t be interpreted as a strict deadline. Merkel told reporters during a news conference yesterday with British Prime Minister Boris Johnson that “it would be better to say one can achieve that by Oct. 31.” Some commentators in Britain had interpreted her comment as a deadline to Johnson.
PARIS (AP) – The wife of Carlos Ghosn (gohn) is urging French President Emmanuel Macron to intercede on behalf of the former chairman of Nissan and Renault (reh-NOH’) when he meets with Japanese Prime Minister Shinzo Abe (shin-zoh AH’-bay) at the G-7 summit in France. The appeal is Carole Ghosn’s latest effort to pressure Japan into improving what she says is the “unjust treatment” faced by her husband as he awaits trial in Japan on financial misconduct allegations. She says she hasn’t been allowed any contact with her husband, including phone calls or emails.
CAPE CANAVERAL, Fla. (AP) – A rocket that’s the last of its kind has delivered the newest, most powerful GPS satellite to orbit for the Air Force. United Launch Alliance’s Delta IV medium-class rocket lifted off this morning from Cape Canaveral Air Force Station in Florida. The Delta IV Medium is ending its nearly two-decade run with 29 launches. Denver-based United Launch Alliance says it will be replaced by the still-in-development Vulcan rocket. The newly launched GPS satellite is the second in a series of next-generation navigation spacecraft.