Asian stocks mixed after US indexes hit pause. Europeans look to China as global partner, shun Trump's US. Malaysia rejects US plan to host APEC in January.
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The Early Bird Newsletter

Thursday, November 7th

S and P pricesDow pricesQQQ prices
Sal Suarino
Politics

Asian stocks mixed after US indexes hit pause

Asian stocks were mixed Thursday after a meandering day of trading in the U.S. left stock indexes close to their record highs. The Shanghai Composite Index declined 0.1% to 2,975,44. Tokyo's Nikkei 225 edged 0.1% higher to 23,330.32. Hong Kong's Hang Seng sank 0.4% to 27,585.03 and So...

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Emmanuel Macron, Xi Jinping
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Europeans look to China as global partner, shun Trump's US

When France's president wants to carry European concerns to the world stage to find solutions for climate change, trade tensions or Iran's nuclear ambitions, he no longer calls Washington. He flies to Beijing.

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Malaysia rejects US plan to host APEC in January
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Malaysia rejects US plan to host APEC in January

Malaysia has rejected a U.S. plan to host an Asia-Pacific trade summit in January, after Chile canceled a November meeting because of violent anti-government protests. Foreign Minister Saifuddin Abdullah didn't give any reason for the rejection Thursday but Malaysia is next year's hos...

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Eurozone forecast for long period of weak economic growth
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Eurozone forecast for long period of weak economic growth

The European Union's executive branch has cut its growth forecasts for the 19-country eurozone for this year and next and warned that conditions could worsen in the face of an array of uncertainties. The European Commission said Thursday that the single currency bloc is expected to gr...

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Toyota 2Q profit up 1% on healthy global sales
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Toyota 2Q profit up 1% on healthy global sales

Japan's top automaker Toyota said Thursday its net profit edged 1% higher in July-September as vehicle sales grew around the world. Toyota Motor Corp.'s profit for the second fiscal quarter totaled 592 billion yen ($5.4 billion), up from 585 billion yen last year. Toyot...

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French company sees some charges quashed over Syria case
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French company sees some charges quashed over Syria case

A French court has quashed charges of "complicity in crimes against humanity" pressed against French cement company Lafarge, but says other charges will be considered over payments made to Syrian armed forces.

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Buffalo Wild Wings CEO meets to discuss racial incident
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Buffalo Wild Wings CEO meets to discuss racial incident

The president of Buffalo Wild Wings met with officials of a Chicago suburb where customers of a restaurant were asked to move to different tables because a patron didn't want to be seated near black people

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Hawaii may subpoena Airbnb for tax records of rental hosts
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Hawaii may subpoena Airbnb for tax records of rental hosts

A judge ruled Wednesday that Hawaii tax authorities may subpoena Airbnb for records of its hosts as the state investigates whether operators of vacation rentals have been paying their taxes. First Circuit Court Judge Bert Ayabe approved the subpoena after a brief hearing. Airbnb and t...

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Amazon's spending in Seattle Council races doesn't deliver
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Amazon's spending in Seattle Council races doesn't deliver

Amazon poured $1.5 million into an effort to overhaul Seattle's City Council this year. It didn't deliver. Though many votes remain to be counted, early returns suggest the online retail giant and other business interests will have fewer obvious allies on the Council than at any time ...

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Xavier Becerra
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California discloses Facebook probe, sues for documents

California's attorney general disclosed an ongoing probe into Facebook's privacy practices Wednesday, as it sued the company over its repeated refusal to turn over documents and answer questions. California Attorney General Xavier Becerra said his probe has been going on for more than...

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Joe Ashton
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Acting UAW head says he'll clean up corruption found by feds

The acting president of the United Auto Workers said Wednesday that a corruption scandal plaguing the union will get worse before it gets better, but that he's confident he can fix the mess and turn over a clean house to the next leader. Rory Gamble, a union vice president who success...

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Mitch McConnell, John Barrasso, John Thune, Roy Blunt
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Bill addresses pensions, health care for miners, retirees

Senate Majority Leader Mitch McConnell is co-sponsoring a bill with West Virginia's two U.S. senators and others aimed at preserving the pensions of about 92,000 retired coal miners, as well as the health-care benefits of another 13,000 working miners. Democrat Joe Manchin and Republi...

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Fewer protections come with digital payments like Apple Cash
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Fewer protections come with digital payments like Apple Cash

My desperation to see Ariana Grande in concert created the perfect trap. Instead of seeing her sing about love and loss, I got sucked into an online ticket scheme that cost me $75 and a big chunk of my pride. Con artists often get away with scams like these because digi...

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The Early Bird Stock Of The Day

United Rentals, Inc.

United Rentals, Inc., through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools. It serves construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. The Trench, Power and Fluid Solutions segment rents specialty construction products that include trench safety equipment, which comprise trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers, and line testing equipment for underground work; and power, as well as heating, ventilating, and air conditioning equipment, including portable diesel generators, electrical distribution equipment, and temperature control equipment. It is also involved in the rental of fluid solutions equipment primarily used for fluid containment, transfer, and treatment. This segment serves construction companies involved in infrastructure projects, and municipalities and industrial companies. The company also sells aerial lifts, reach forklifts, telehandlers, compressors, and generators; construction consumables, tools, small equipment, and safety supplies; and parts for equipment that is owned by its customers, as well as provides repair and maintenance services. It sells its used equipment through its sales force, brokers, and Website, as well as at auctions and directly to manufacturers. As of January 23, 2019, the company operated a network of 1,186 rental locations in North America and 11 in Europe. United Rentals, Inc. was founded in 1997 and is headquartered in Stamford, Connecticut.

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