Financial News

Wednesday, January 22nd
January 21, 2020
AP-NC Newswatch
January 21, 2020
Financial News

 

 

Stocks mixed…Trump says he’ll consider targeting auto imports from Europe…Greta pushes back

 

NEW YORK (AP) – Stocks are mixed, following up on losses around the world as worries deepen about a virus outbreak in China. The S&P 500 opened with modest losses but nearly pared them all as the morning progressed. Gains for dividend-paying stocks and technology companies helped steady the U.S. market. Asian stocks dropped sharply, while European markets also stumbled on concerns that the new coronavirus spreading in the world’s second-largest economy could hurt tourism and ultimately economic growth and corporate profits.

 

NEW YORK (AP) – Shares of U.S. airlines that fly to China are down on growing fear about a virus outbreak in that country. United Airlines and Delta Air lines were both down more than 2% in midday trading Tuesday. Concern about the virus is growing after authorities say six people have died, 300 have gotten sick, and the virus can be spread between people – not just from animals to people. For the travel industry, it’s bringing back bad memories of the SARS outbreak in 2002 and 2003, which hurt demand for travel to Asia.

 

DAVOS, Switzerland (AP) – President Donald Trump says he’ll strongly consider imposing tariffs on European auto imports if the U.S. and European Union can’t strike a trade agreement. But Trump said Tuesday as he met with Pakistan’s leader in Davos, Switzerland, that he expects to reach a deal with Europe. He met earlier with Ursula von der Leyen, the new president of the European Commission. Trump says they had a “very good talk.” He did not say if they discussed the U.S. auto tariff threat.

 

DAVOS, Switzerland (AP) – Greta Thunberg has wasted little time in pushing back against President Donald Trump’s description of climate campaigners as “the perennial prophets of doom.” The Though Trump didn’t call her out directly in his speech at the World Economic Forum in the Swissáresort of Davos, it was clear áhe was talking about activists like the 17-year-old Swede. She shot to fame a year ago by staging a regular strike at her school, sparking a global movement that recently saw her beat the U.S. president to receive Time Magazine’s award as the 2019 Person of the Year. Thunberg told the Davos crowd that they were “giving up” on fighting climate change.

 

TRENTON, N.J. (AP) – New Jersey Democratic Gov. Phil Murphy has signed legislation prohibiting the sale of flavored vaping products. Murphy signed the measure that moved to his desk amid a nationwide scare last year over mysterious illnesses linked to vaping. The ban will take effect in April. Murphy and the bill’s sponsors say the flavors are meant to hook young people, who are using the products in increasing numbers. The New Jersey measure would ban menthol but permit tobacco flavors. The measure also prohibits other flavors, like candy, desserts and fruit, among others.

 

 

AP-WF-01-21-20 1910GMT