Asian shares mixed on US jobs, eyes on China trade talks. US unemployment rate hits a 50-year low even as hiring slows. Business economists foresee slowdown in US growth.
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The Early Bird Newsletter

Monday, October 7th

S and P pricesDow pricesQQQ prices
Anthony Rinaldi, Patrick Casey
Politics

Asian shares mixed on US jobs, eyes on China trade talks

Asian shares were mixed Monday, following a reassuring report on U.S. jobs, while investors cautiously awaited the upcoming trade talks between the U.S. and China. Japan's benchmark Nikkei 225 shed 0.2% to finish at 21,375.25. Australia's S&P/ASX 200 rose 0.7% to 6,563.60, while S...

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US unemployment rate hits a 50-year low even as hiring slows
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US unemployment rate hits a 50-year low even as hiring slows

The U.S. unemployment rate fell to 3.5% in September, the lowest level in nearly five decades, even though employers appeared to turn more cautious and slowed their hiring. The economy added a modest 136,000 jobs, enough to likely ease worries that an economy weakened by the U.S.-Chin...

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Business economists foresee slowdown in US growth
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Business economists foresee slowdown in US growth

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 a panel of 51 forecasters with the ...

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Iran says Chinese state oil firm withdraws from $5B deal
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Iran says Chinese state oil firm withdraws from $5B deal

China's state oil company has pulled out of a $5 billion deal to develop a portion of Iran's massive offshore natural gas field, the Islamic Republic's oil minister said Sunday, an agreement from which France's Total SA earlier withdrew over U.S. sanctions. The South Pars field deal, ...

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Marc Benioff
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Crusading tech mogul aims to prove CEOs can be activists too

Salesforce founder Marc Benioff oversees a $130 billion software empire from a 62-story skyscraper that towers above everything else in San Francisco. But he sits uneasily in his lofty perch because of a worsening economic divide on the streets down below, where the lavish pay doled out to tech work...

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Portugal's Socialists prepare 4 more years in government
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Portugal's Socialists prepare 4 more years in government

The center-left Socialist Party got the most votes in Portugal's general election Sunday, leaving it poised to continue leading the government for another four years. With 226 seats in the 230-seat parliament awarded in the official count, the Socialists reached 106 seats, compared wi...

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AP sources: Trump allies pressed Ukraine over gas firm
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AP sources: Trump allies pressed Ukraine over gas firm

AP sources: 3 Florida businessmen pitched a plan for the state-owned Ukrainian petroleum company to enter into exclusive agreements to buy massive shipments of liquefied gas through corporate entities controlled by a circle of close Trump allies

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Islamists, jailed tycoon claim Tunisian parliament victory
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Islamists, jailed tycoon claim Tunisian parliament victory

Tunisia's moderate Islamist party appears to be heading for victory in parliamentary elections, according to polling agencies, though the rival party of a jailed populist tycoon also claimed to come out on top in the voting

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Cheryl Juaire
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Victims gain a voice to help guide Purdue Pharma bankruptcy

Victims of opioid addiction weren't in the room when OxyContin maker Purdue Pharma persuaded half the state attorneys general to settle claims over the company's role in the nationwide overdose epidemic

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Clampdown on vaping could send users back toward cigarettes
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Clampdown on vaping could send users back toward cigarettes

Only two years ago, electronic cigarettes were viewed as a small industry with big potential to improve public health by offering a path to steer millions of smokers away from deadly cigarettes. That promise led U.S. regulators to take a hands-off approach to e-cigarette makers, inclu...

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Ecuador arrests taxi leader; transport unions end protest
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Ecuador arrests taxi leader; transport unions end protest

Ecuadorian authorities dispatched military vehicles to ferry civilian passengers Friday and arrested several transport union leaders following a strike that shut down taxi, bus and other services in response to a rise in fuel prices. The country's transport federations later announced...

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Purdue opioid deal blasted as records show $13B to Sacklers
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Purdue opioid deal blasted as records show $13B to Sacklers

State and local governments are blasting the terms of OxyContin maker Purdue Pharma's settlement offer, saying it would not force members of the Sackler family to pay back money they "pocketed from their illegal conduct."

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Ecuador arrests taxi leader as fuel price strike continues
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Ecuador arrests taxi leader as fuel price strike continues

Ecuadorian authorities dispatched military vehicles to ferry civilian passengers Friday and arrested several transport union leaders in efforts to halt a strike that shut down taxi, bus and other services in response to a sudden rise in fuel prices

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