Friday, November 22, 2019 6:43 AM EST
By The Associated Press, AP
BEIJING (AP) — World shares were mostly higher. In early trading, Britain’s FTSE 100 jumped 1.1%, the CAC 40 in France gained 0.3% and Germany’s DAX picked up 0.2%. In Asia, Japan’s Nikkei closed 0.3% higher, the Hang Seng in Hong Kong picked up 0.5% and South Korea’s Kospi edged 0.3% higher. The Shanghai Composite index lost 0.6%. Wall Street looks set for gains, with Dow and S&P 500 futures both up nearly 0.2%.
BEIJING (AP) — Chinese President Xi Jinping (shee jihn-peeng) says Beijing wants to work for a trade deal with the United States but is not afraid to “fight back” to protect its own interests. Echoing the upbeat tone adopted by other Chinese officials in recent days, Xi told a visiting U.S. business delegation today that China holds a “positive attitude” toward the trade talks.
UNDATED (AP) — Tesla CEO Elon Musk is taking on the workhorse heavy pickup truck market with his latest electric vehicle. At the Los Angeles Auto Show Thursday, Musk said the “cybertruck,” an electric pickup truck, will be in production in 2021. Musk says the pickup will cost $39,900 and up and will have an estimated battery range of between 250 miles (402.3 kilometers) to more than 500 miles.
PHOENIX (AP) — Google spinoff Waymo is trying to educate emergency responders on how to deal with its autonomous vehicles. Waymo released a training video on YouTube Thursday geared toward guiding public safety officials responding to incidents involving their self-driving cars. The video comes two days after the National Transportation Safety Board found a distracted human safety driver caused a fatal crash of an autonomous Uber car.
FRANKFURT, Germany (AP) —European Central Bank president Christine Lagarde says better-targeted public spending would help support economic growth in the eurozone. In her first official speech, Lagarde indirectly chided countries like Germany that have kept a tight grip on their budgets while making clear that a spendthrift approach to public spending would be hazardous, too. Lagarde also says the ECB will begin a strategic review of its monetary policy “in the near future,” but will also “continuously monitor the side effects” of its current low-interest stance.