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November 6, 2018
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November 7, 2018
Financial News





Wall Street set to open higher … Facebook blocks more accounts on Election Day … Boeing issues safety bulletin after Lion Air crash


LONDON (AP) – Wall Street is set to open higher today. In Europe, stocks enjoyed bumper gains in early trading today. Britain’s FTSE 100 was up 1 percent while Germany’s DAX also spiked 1 percent. The CAC 40 in France was 1.1 percent higher. In Asia, Japan’s Nikkei closed down 0.3 percent while South Korea’s Kospi slipped 0.5 percent. Hong Kong’s Hang Seng edged 0.1 percent higher. Wall Street is poised for gains, with both the Dow and the S&P 500 futures up 0.9 percent.


LONDON (AP) – Facebook says it blocked more accounts on Election Day, in addition to the 115 it shut down earlier this week, because of suspected connections to foreign efforts to interfere in the vote. Facebook says it blocked an unspecified number of accounts Tuesday evening after a website that claimed to be associated with the Russia-based Internet Research Agency published a list of Instagram accounts it says it created.


JAKARTA, Indonesia (AP) – Boeing Co. says it has issued a safety bulletin that reiterates guidelines on how pilots should respond to erroneous data from an “angle of attack” sensor following last week’s crash of a Boeing plane in Indonesia that killed 189 people. The airplane manufacturer says that Indonesia’s National Transportation Safety Committee has indicated the crashed Boeing 737 MAX 8 plane had “erroneous input from one of its AOA sensors.”


UNDATED (AP) – Papa John’s continues to struggle with the fallout from its founder’s noisy departure, but its CEO says a new ad campaign is helping turn things around. The pizza chain says it lost $13 million in the third quarter, a 160 percent decline from the July-September period a year ago. Founder John Schnatter stepped down as CEO late last year after he blamed disappointing sales on NFL player protests. Then, in July, Schnatter resigned as chairman after it was revealed he used the N-word during a conference call.


BEIJING (AP) – China’s foreign currency reserves declined in October, suggesting Beijing might be intervening in market to keep its yuan’s politically sensitive exchange rate from falling to far against the dollar. Central bank data shows the reserves, the world’s biggest, contracted by about $34 billion to just over $3 trillion. The bank gave no indication how much of that was due to selling dollars to support the yuan.



AP-WF-11-07-18 1136GMT