Home » World News » Policy slips, fish ‘n’ chips and a £10 manifesto

Policy slips, fish ‘n’ chips and a £10 manifesto

11/21/2019

Charting a bull-trend pullback, S&P 500 tests first support (3,100)

For full access, Log in or Subscribe Now and get 4 weeks free!

U.S. stocks are lower early Thursday, pressured as the China-U.S. trade saga continues to unfold.

In the process, the S&P 500 has extended a pullback from record territory, a downturn thus far underpinned by its first notable support (3,100).

Actionable trading strategies
Easy-to-follow guidance
Weekly market navigational tool

Nearly 700,000 Jeep, Dodge SUVs recalled over electrical issues

Fiat Chrysler Automobiles is recalling nearly 700,000 SUVs because of electrical faults that can affect engine startups.

The fuel pump relay problems in certain Jeep Grand Cherokee and Dodge Durango models from 2011 to 2013 can interrupt electrical current, preventing engines from starting or contributing to stalls, the automaker said Thursday.

The company says it is not aware of any accidents or injuries related to the faults.

The recall includes more than 528,000 vehicles in the US, along with 116,511 outside North America, 34,764 in Canada and 18,152 in Mexico.

Relays in the faulty SUVs “may have been installed in response to a previous recall,” Fiat Chrysler said in a statement. Most of the same vehicles were recalled for fuel pump relay problems in 2014 and 2015, Reuters reported.

Fiat Chrysler — which plans to merge with French automaker PSA — will tell affected drivers when they can schedule free repairs, the company said.

The recall came a day after General Motors accused Fiat Chrysler in a lawsuit of corrupting labor negotiations with a long-running bribery scheme. Fiat Chrysler called GM’s claims “nothing more than a meritless attempt to divert attention from that company’s own challenges.”

With Post Wires

Two pilots killed in training jet ‘mishap’ at Air Force Base in Oklahoma

ENID, Okla. – Two pilots were killed in a “mishap” involving two training jets at Vance Air Force Base in northwestern Oklahoma Thursday morning.

According to a release from the base, two T-38 Talons were performing a routine training mission when the mishap occurred at approximately 9:10 a.m. CT.

There were two people onboard each aircraft.

The names of the airmen killed were not released, pending notification of next of kin.

Vance emergency response personnel were on scene to “treat casualties and assist in recovery efforts.”

Television video from the scene showed one aircraft upside down in a grassy area off a runway and the second aircraft upright, farther down the runway.

Contributing: Associated Press

Impeachment latest Holmes: Giuliani and ‘political agenda’ overshadowed US diplomacy

Israel: Prime Minister Benjamin Netanyahu charged in corruption cases

Pelosi says House may not vote on USMCA by year’s end

House Speaker Nancy Pelosi on Thursday suggested a House vote on the U.S.-Mexico-Canada Agreement might not come by year’s end. The California Democrat’s comment at her weekly news conference raised some doubts about the trade pact’s prospects after she sparked optimism a week ago by saying a USMCA breakthrough appeared "imminent." When asked if she needed to make a deal with U.S. Trade Representative Robert Lighthizer this week in order to have a House vote in December, Pelosi said: "I’m not even sure if we came to an agreement today that it would be enough time to finish." Pelosi was expected to meet with Lighthizer on Thursday.

Treasury Announces Details Of Long-Term Securities Auctions

On Thursday, The Treasury Department announced the details of this month’s auctions of two-year, five-year, and seven-year notes.

The Treasury said it plans to sell $40 billion worth of two-year notes, $41 billion worth of five-year notes and $32 billion worth of seven-year notes.

The results of the two-year note auction will be announced next Monday, the results of the five-year note auction will be announced next Tuesday and the results of the seven-year note auction will be announced next Wednesday.

Last month, the Treasury also sold $40 billion worth of two-year notes, $41 billion worth of five-year notes and $32 billion worth of seven-year notes, attracting above average demand.

‘Popeye’ has 3 pounds of dead muscle removed after botched bodybuilding injections

A 23-year-old dubbed the Russian “Popeye” had three pounds of dead muscle removed after his DIY bodybuilding injections went awry.

Kirill Tereshin used petroleum jelly to build fake muscle mass in his arms. Before he underwent critical surgery, his arms were approximately 24 inches in diameter.