Global markets skid … China rejects Trump criticism on trade … Ripple effect from GM worker strike
BANGKOK (AP) – Global stocks skidded today after Democrats in the U.S. House of Representatives said they intended to launch an impeachment probe of President Donald Trump. The losses followed declines overnight as investors’ attention swung from headlines on trade to data showing a drop in U.S. consumer confidence. In early trading, Germany’s DAX sank 0.7% and the CAC 40 in Paris lost 0.9%. Britain’s FTSE 100 lost 0.6%. Asian markets tracked Wall Street losses. Wall Street is expected to open lower today, with Dow and S&P futures both down 0.2%.
BEIJING (AP) – China is urging President Donald Trump to oppose bullying following the American leader’s criticism of its trade status in a speech at the United Nations. A foreign ministry spokesman today called on Trump to “meet China halfway” in settling trade disputes. Trump complained Tuesday the World Trade Organization improperly gives China preferential treatment.
DETROIT (AP) – GM dealers are beginning to run short of components to repair cars, trucks and SUVs, with the United Auto Workers strike more than a week old. Ed Williamson, who owns several GM dealers in the Miami area, says the strike has shut down a parts depot in Charlotte, North Carolina, where the Southeast region normally gets its replacements. Magna International, a Canadian company that makes components for many GM models, is reporting temporary layoffs at some of its U.S. and Canadian operations.
SACRAMENTO, Calif. (AP) – A San Francisco developer who pressured California lawmakers into enacting the nation’s most sweeping data privacy act is pushing a ballot measure to expand the law. Alastair Mactaggart’s proposed November 2020 measure, to be unveiled today, aims to protect the California Consumer Privacy Act that is due to take effect on Jan. 1 by, among other things, creating a new state agency to enforce the privacy protections.
UNDATED (AP) – Starting today, anyone applying for a job with McDonald’s can do so using Amazon’s Alexa or Google’s Assistant. If users say, “Alexa, help me get a job at McDonald’s,” Alexa will ask which country they want to work in and play the McDonald’s catchy “I’m lovin’ it” jingle. After that, users can share their phone number and get a link to continue the application process. Alexa also shares some facts about working for the company, such as how it can lead to jobs in other fields.