BANGKOK (AP) – Shares opened higher in Europe today after a mixed session in Asia following the Federal Reserve’s decision to cut its benchmark interest rate for a second time this year. Germany’s DAX edged 0.1% while the FTSE 100 in Britain advanced 0.2%. In France, the CAC 40 gained 0.5%. In Asia, the Nikkei closed up 0.4% while the Kospi in Seoul climbed 0.5%. The Shanghai Composite index closed up 0.5%. On Wall Street the Dow and S&P are expected to open lower with futures both down 0.3%.
WASHINGTON (AP) – President Donald Trump’s nominee to run the Labor Department faces a Senate confirmation hearing today, even as Democrats argue that they haven’t had enough time to scour his record of legal work for corporate interests. Although Trump tweeted in mid-July that Eugene Scalia was his pick , the committee didn’t officially receive the nomination until Sept. 11, the week before today’s hearing. The Republican GOP-led Senate Health, Education, Labor and Pensions Committee panel has set a vote on the nomination early next week.
SACRAMENTO, Calif. (AP) – A California lawmaker wants the state to stop helping people buy electric cars from companies that refuse to follow the state’s emission standards. A bill by Democratic Assemblyman Phil Ting would mean people could only get money from a state rebate program if they buy a car from a company that has agreed to follow California’s emission standards. The proposal comes as the Trump administration on Wednesday announced it was revoking California’s authority to set its own auto emission standards.
UNDATED (AP) – A group of more than 500 major institutional investors is urging governments to do more to tackle climate change, ahead of a U.N. summit on the issue next week. The banks, insurance companies and pension funds warned today that current national commitments won’t meet the goal of the 2015 Paris climate accord. Signatories of the Paris pact committed to keeping global warming well below 3.6 Fahrenheit (2 degrees Celsius), ideally aiming for an increase of no more than 2.7F (1.5C) by the century’s end compared with pre-industrial times.
SAN FRANCISCO (AP) – Facebook CEO Mark Zuckerberg will be in Washington today to meet with lawmakers and talk about internet regulation. The company said in a statement yesterday that the meetings are not public and did not give details on whom Zuckerberg is meeting with or exactly what will be discussed.