Monday, October 7, 2019 6:45 AM EST
By The Associated Press, AP
TOKYO (AP) _ Global shares were mixed today, following a reassuring report on U.S. jobs, while investors cautiously awaited the outcome of trade talks between the U.S. and China. In early trading, France's CAC 40 lost 0.3%, while Germany's DAX lost 0.1%. Britain's FTSE 100 shed 0.2% to 7,140.04. In Asia, Japan's benchmark Nikkei closed down 0.2%. South Korea's Kospi was little changed. Wall Street is expected to open lower, with Dow and S&P futures each down 0.5%.
WASHINGTON (AP) — The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. The latest survey by the National Association for Business Economics shows the economists expect growth, as measured by the gross domestic product, to slow to 2.3% this year from 2.9% in 2018. The new forecast marks a downgrade from the 2.6% estimate for 2019 economic growth that the NABE panel had made in June.
DETROIT (AP) _ United Auto Workers Vice President Terry Dittes (DIH’-tehz) is casting doubt on whether there will be a settlement anytime soon in the contract dispute with General Motors. Some 49,000 workers were sent to the picket lines on Sept. 16, crippling GM's factories. In a letter, Dittes says the union presented a proposal to GM Saturday, and that the company responded Sunday morning by reverting back to an offer that had been rejected, along with a few changes.
TOKYO (AP) — The Venezuelan ambassador to Japan says his bank account has become inaccessible in Japan in what he says was apparently a consequence of President Donald Trump's decision to freeze Venezuelan assets in the United States. Ambassador Seiko Ishikawa tells The Associated Press that the accounts of two other Venezuelan diplomats in Japan and that of his wife, a Japanese citizen, were also frozen.
THE HAGUE, Netherlands (AP) — Consumer products giant Unilever, whose brands include Dove soaps and Lipton teas, is pledging to halve its use of non-recycled plastics by 2025. CEO Alan Jope says the plan to slash use of the so-called virgin plastics will require a "fundamental rethink" in its packaging policies. The company says that it aims to achieve the goal by reducing its use of all plastics by 100,000 metric tons and using more recycled plastic.