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January 10, 2020
AP-NC Newswatch
January 10, 2020
Financial News

 

 

 

Global shares mostly higher … Solid footing expected in jobs report … Boeing papers show employees slid 737 Max problems past FAA

 

TOKYO (AP) – Global shares mostly rose today as worry receded that the United States and Iran might be stepping closer to the edge of war. France’s CAC 40 slipped 0.2%, while Germany’s DAX added nearly 0.1% in early trading. Britain’s FTSE 100 was little changed, down less than 0.1%. In Asia, Japan’s Nikkei closed 0.5% higher. South Korea’s Kospi gained 0.9%. Hong Kong’s Hang Seng closed 0.3% higher, while the Shanghai Composite inched down nearly 0.1%. Wall Street is expected to open higher, with Dow futures up 0.1% and S&P 500 futures up 0.2%.

 

WASHINGTON (AP) – The U.S. job market appears to be entering 2020 on a solid footing. A survey by data provider FactSet shows economists expect that today’s jobs report will show job gains of 160,000 in December. The unemployment rate is expected to hold steady at 3.5%. But key in the report will be whether the decade-plus expansion causes average hourly earnings to climb above the 3.1% annual gain seen in November. That would be a sign that employers are having to pay more to attract workers.

 

UNDATED (AP) – Newly released Boeing documents show company employees knew about problems with flight simulators for the now-grounded 737 Max jetliner and talked about misleading regulators. Boeing says the employee comments in emails and text messages released to Congress aren’t acceptable and don’t reflect the company. Boeing says the statements “raise questions about Boeing’s interactions with the FAA” in getting the simulators qualified. The 737 Max is still grounded after crashes in Indonesia and Ethiopia that killed a total of 346 people.

 

WICHTA, Kan. (AP) – The suspension of production of the Boeing 737 Max is taking a growing toll on suppliers in Kansas, where more than 40 aerospace companies provide parts and services for production of that aircraft. Wichita bills itself as the “Air Capital of the World” for its concentration of aerospace manufacturers. It is home to parts maker Spirit AeroSystems Holdings Inc., the city’s largest employer, which this week asked employees if they would take voluntary buyouts. Dozens of smaller aerospace companies, mostly clustered in south-central Kansas, are also beginning to shed jobs.

 

UNDATED (AP) – Despite warnings to avoid flying over Iran and the Persian Gulf, several airlines continued to do so, including a Ukrainian airliner that crashed and killed 176 people. Western officials say that an Iranian missile, possibly fired by accident, likely brought down the plane earlier this week. Just a few hours before the crash, the Federal Aviation Administration issued emergency orders prohibiting American pilots and airlines from flying over Iran, the Persian Gulf or the Gulf of Oman. Foreign airlines aren’t bound by FAA orders, but they often follow them. In this case, however, a number of large international carriers still flew in and out of Tehran.

 

 

AP-WF-01-10-20 1144GMT