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BC-Business News Digest

May 15, 2019

Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org .

TOP STORIES:

US-CHINA TRADE-EVOLUTION OF A TRADE RELATIONSHIP _ Just how did the United States and China, the world’s two largest economies, arrive at this point in their long-standing economic relationship -- a high-stakes trade war that is the latest culmination of a relationship that has dramatically evolved over the decades. What changed over the years and why? By Paul Wiseman. UPCOMING: 900 words, photos by 4 p.m.

Also:

CHINA-TRADE-BRAVE FACE _ What do tilapia, Jane Austen and Chinese revolutionary poster art have in common? All have been used to rally public support around China’s position in its trade dispute with the U.S., as the ruling Communist Party takes a more aggressive approach — projecting stability and stirring up nationalistic sentiment in the process. By Yanan Wang and Sam McNeil. SENT: 830 words, photos.

_ More on TRADE in a separate section below.

SHAREHOLDERS CARE _ It’s no longer just oil and power companies that investors are pushing to do better on the environment. As the earth gets warmer, shareholders are increasingly targeting consumer-oriented businesses, internet companies and other businesses that don’t first come to mind as big polluters. By Stan Choe. SENT: 950 words, photos.

ON THE MONEY-GROCERY DELIVERY _ Want to ditch the shopping cart? Grocery delivery services are growing rapidly, but shoppers need to decide if the convenience is worth the higher cost. By Dee-Ann Durbin. SENT: 880 words.

FIGHTING ONLINE EXTREMISM _ Facebook toughened its livestreaming policies as it prepared to huddle with world leaders and other tech CEOs in Paris to find ways to keep social media from being used to spread hate, organize extremist groups and broadcast terror attacks. By Sylvie Corbet and Masha Macpherson. SENT: 600 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS _ Stocks are pulling back in early trading led by declines in banks and technology companies. SENT: 550 words, photos. UPCOMING: Will be updated through 5 p.m.

RETAIL SALES _ U.S. retail sales slipped last month, as Americans cut back their spending on clothes, appliances, and building materials. By Christopher Rugaber. SENT: 350 words, photo.

INDUSTRIAL PRODUCTION _ U.S. industrial production fell in April, dragged by a big drop in factory output as production of autos and auto parts continued to slide. By Martin Crutsinger. SENT: 320 words, photo.

More on TRADE:

SMALLBIZ-SMALL TALK-TARIFFS _ The 25% tariffs President Donald Trump has imposed on thousands of Chinese-made products have business owners trying to determine how or whether they can limit the damage to profits from the import duties. By Joyce M. Rosenberg. UPCOMING: 980 words by noon, photos.

With:

_ SMALLBIZ-TARIFFS-CONSIDERATIONS _ Small businesses contending with higher tariffs on Chinese imports must determine the best way to mitigate the damage to their profits. A look at some of the alternatives owners should consider. By Joyce M. Rosenberg. UPCOMING: 250 words by noon, photo.

CHINA-ECONOMY _ China’s factory output and consumer spending weakened in April as a tariff war with Washington intensified, adding to pressure on Beijing to shore up shaky economic growth. By Joe McDonald. SENT: 400 words, photos.

EARNINGS:

EARNS-MACY’S _ Macy’s put up its sixth consecutive quarter of increases in comparable store sales fueled by its robust online business. By Anne D’Innocenzio. SENT: 600 words, photos.

INDUSTRY:

AMERICAN EXPRESS-RESY _ American Express is buying the online reservation startup Resy, the companies announced Wednesday, the latest move by AmEx to establish and maintain a foothold for its card members in some of the world’s most desired restaurants. By Ken Sweet. SENT: 380 words, photo.

FAA-HOUSE HEARING _ With Congress stepping up its investigation into the troubled Boeing 737 Max airliner and how it passed regulatory safety checks, the head of the Federal Aviation Administration will appear before a House aviation panel. SENT: 420 words, photo. UPCOMING: Will be updated from hearing, scheduled for 10 a.m.

FCC-ROBOCALLS _ U.S. regulators are proposing new tools to counter the unrelenting waves of robocalls received each year in America. SENT: 130 words.

FORD RECALL _ Ford is adding 270,000 vehicles to a recall in North America to fix a gearshift problem that could cause them roll away unexpectedly. SENT: 170 words.

TECHNOLOGY & MEDIA:

CHINA-HUAWEI _ A Huawei executive said Wednesday that possible new U.S. restrictions on market access will have little impact on the Chinese tech giant due to its global reach. By Emily Wang. SENT: 470 words.

JAPAN-SPACE STARTUP _ A Japanese startup that launched a rocket into space earlier this month plans to provide low-cost rocket services and compete with American rivals such as SpaceX, its founder said Wednesday. By Mari Yamaguchi. SENT: 390 words.

PERSONAL FINANCE:

BEHIND THE WHEEL-ELECTRIC VEHICLE CHARGING _ An often-cited selling point for electric vehicles is the notion that your “gas station” is at home. But what if you live in an apartment? Or park somewhere without a plug? Edmunds sets out to see how practical is it to own an electric vehicle if you can’t charge it at home and must rely on public charging stations alone. By Ronald Montoya. SENT: 870 words, photos.

INTERNATIONAL:

GERMANY-ECONOMY _ The German economy returned to growth in the first quarter on the back of solid consumer spending and a construction boom, official figures showed Wednesday. SENT: 290 words, photo.

Business News Supervisor Richard Jacobsen (800-845-8450, ext. 1680). For photos (ext. 1900.) For graphics/interactives (ext. 7636.) For access to AP Newsroom and technical issues: customersupport@ap.org, or 877-836-9477. Questions about transmission of financial market listings, call 800-3AP-STOX.

The digest for AP’s Money & Markets service can be found at markets.ap.org. For questions about M&M content, contact Greg Keller at (212) 621-7958.

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