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 Stock-index futures trade lower Friday as investors await President Donald Trump's news conference on China's plans to impose new security laws on Hong Kong.
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 (Bloomberg) -- U.S. futures edged lower and European stocks dropped on Friday as President Donald Trump's planned press conference on China threatened to further strain ties between the world's two largest economies. Treasuries gained alongside most European bonds.Contracts on the main U.S. equity benchmarks traded modestly lower as Trump appeared poised to sign a measure rebuking China for its treatment of Muslims, following Beijing's moves to enact a law that may curb freedoms in Hong Kong. Twitter Inc. shares slipped in pre-market trading after the company put a warning on one of Trump's recent posts, escalating their confrontation.The Stoxx 600 Index declined for the first time in five days, dragged lower by travel shares and automakers. The euro extended gains after the region's inflation rate fell to the lowest in four years, adding to reasons for authorities to expand monetary stimulus. The dollar weakened for a second day.Global stocks have mostly shrugged off escalating tensions between Washington and Beijing, but Trump's planned press conference appears to have spooked investors. It comes amid growing good news on the economic front as governments add to stimulus and ease lockdown measures in the wake of the coronavirus. Meanwhile, clues on the next stages for Federal Reserve policy may also come Friday, when Chairman Jerome Powell participates in a virtual discussion."I'm very cautious on my medium and even long-term outlook for the markets," Kate Jaquet, a portfolio manager at Seafarer Capi
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The coronavirus has infected more than 5.8 million people around the world as of Friday, killing at least 360,860 people.
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 How can jobseekers explain layoffs due to the coronavirus pandemic? And can workers who live with a chronically ill family member take protected leave to avoid contracting the virus and spreading it at home? SHRM President and CEO Johnny C. Taylor, Jr., SHRM-SCP, answers these HR questions as part of a series for USA Today.
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Dow futures fell Friday after President Trump knocked the wind out Thursday's solid gains on Wall Street when he said he would hold a news conference on China.
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 * 'When the looting starts, the shooting starts' - Trump
tweet
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A conversation about the latest market-moving news, including President Trump's news conference on China.
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* New 6 billion SEK lending facility secured
(Adds background, detail)
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* Futures: Dow falls 0.59%, S&P slips 0.38%, Nasdaq flat
(Adds comment, details; updates prices)
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 Stock futures fell Friday morning, extending losses from the regular session Thursday as investors eyed renewed tensions between the U.S. and China.
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CNN crew released from police custody after they were arrested live on air in Minneapolis CNNView Full Coverage on Google News
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2020-05-29 0001752724-20-109245 22 KB
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Illinois retailers are preparing to let customers back in stores for the first time in weeks starting Friday. Here's what to expect as stores start reopening to customers.
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 Nationwide, essential employees earn an average of 18.2% less than employees in other industries.
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Global stock markets fell and
safe havens such as bonds and the Japanese yen gained on Friday,
as investors awaited Washington's response to China tightening
control over the city of Hong Kong.
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 Volkswagen AG plans to boost its electric push in China, the world's biggest auto market, by pumping 2.1 billion euros in two Chinese electric vehicle players.
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Talk about a devastating number.
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These are the stocks posting the largest moves before the bell.
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U.S. stock futures dropped on Friday as investors braced for President Donald Trump's response to China's national security legislation for Hong Kong, threatening to take the shine off another month of strong gains for Wall Street.
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 Welcome to First Things First, Adweek's daily resource for marketers. We'll be publishing the content to First Things First on Adweek.com each morning (like this post), but if you prefer that it come straight to your inbox, you can sign up for the email here. Trump Wants to Roll Back Protections for Social Media Companies,...
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Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington's response to China tightening control over the city of Hong Kong.
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U.S. consumer spending fell by a record 13.6% in April during coronavirus lockdowns, but there are signs that purchasing is starting to pick up.
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 Canopy Growth Corp. U.S.-listed shares tumbled 19% premarket, after the Canadian cannabis market leader posted weaker-than-expected earnings for its fiscal fourth quarter. Smith Falls, Ontario-based Canopy said it had a net loss of C$1.33 billion ($946.4 million), or C$3.72 a share, in the quarter to March 31, wider than the loss of C$347.5 million, or C$1.10 a share, posted in the year-earlier period. The loss included C$743 million in impairment and restructuring charges, most of which are non-cash, the company said. Revenue net of excise taxes rose to C$107.9 million from C$94.1 million. The FactSet consensus was for a loss per share of 59 cents and revenue of C$128.9 million. Chief Executive David Klein said the company was resetting its strategy to be faster and more agile with fiscal 2021 expected to be a year of transition. "Canopy Growth's overall strategy is to unleash the full potential of cannabis, capture sizable market share in focus categories and markets and execute a path to profitability to build sustainable, long-term shareholder value," the company said in a statement. As a result, and given the uncertainty created by the coronavirus pandemic, Canopy is withdrawing previously offered guidance for achieving positive adjusted EBITDA and net income. The company had a gross cash balance of C$2.0 billion as of March 31. Shares have gained 3% in the year to date, while the Cannabis ETF has fallen 11% and the S&P 500 has fallen 6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Consumer spending in the U.S. fell 13.6% in April, the government reported Friday. Economists polled by MarketWatch had expected a 13% decrease, compared with an original estimate of 7.5% decline in March. On Friday the Commerce Department revised consumer spending in March to an decrease of 6.9%. Meanwhile, personal income rose 10.5% in April, boosted by government payments. Economists had expected an decrease of 2.1%, compared with an originally reported decline of 2% in March. On Friday, the government revised March's decline for personal income to 2.2%. Inflation, as measured by an index for personal consumption expenditures, fell 0.5% last month. The core inflation index, which excludes food and energy, was flat. Over the past 12 months, the broad PCE index rose 0.5%, down from 1.3% in March, while the core gauge grew 1%, down from 1.7% in the prior month.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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7 people shot in protests over the fatal police shooting of Breonna Taylor, police say CNN7 People Shot at Louisville Protest Over the Death of Breonna Taylor The New York Times7 shot at Louisville protest over fatal police shooting The Associated PressLMPD: 7 people shot, 1 'critical' during protest in downtown Louisville demanding justice for Breonna Taylor WDRBAUDIO: 911 call from Kenneth Walker night Breonna Taylor died WLKY News Louisville
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Minneapolis police station torched amid George Floyd protest POLITICOThe Minneapolis police officer who knelt on George Floyd's neck had 18 previous complaints against him, police department says CNNProtests Continue to Rage After Death of George Floyd The New York TimesIan Prior: Trump right to order fed investigation of Floyd death in Minneapolis - here's what could happen now Fox News
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Trump said Thursday afternoon he would hold the news conference, knocking stocks down from solid gains.
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London stocks came under pressure on Friday, putting a stop to a string of winning sessions as investors waited to hear what President Donald Trump will say about China at a planned press conference later.
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Violence escalates over the death of a black man in Minneapolis police custody, and a black woman killed by police in Louisville. And, the president signs an order to weaken social media companies.
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 Spot gold was unchanged at $1,718.60 per ounce by 0616 GMT. U.S. gold futures rose 0.2% to $1,716.50. "Gold remains wedged between potentially positive economic developments that have been dragging prices lower, and a rise in geopolitical tensions with China over Hong Kong," said Cameron Alexander, an analyst with Refinitiv-owned metals consultancy GFMS.
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Costco plans to bring back samples after suspending the free snacks due to coronavirus pandemic USA TODAYCostco Dangles Hot Dogs, Food Samples to Lure Back Shoppers BloombergCostco saw sales bounce from pandemic, but stay-at-home orders limited bigger gains CNBCCostco's free samples are set to return in June, but with new rules - Business Insider Business InsiderCos
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Many retail and food workers are losing temporary wage bumps they got during the pandemic. Some say their work hazards are still high, and their wage is lower than unemployment benefits.
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More than 3 million Americans filed for unemployment last week, but claims are falling CBS NewsBREAKING: 40 MILLION unemployment claims as ultra-wealthy flee to yachts The HillAnother 2.1 million file jobless claims, but total unemployed shrinks CNBCCoronavirus job losses are hitting these 3 states the hardest Yahoo Finance
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President Donald Trump said
he will introduce legislation that may scrap or weaken a law
that has protected internet companies, including Twitter
and Facebook, in an extraordinary attempt to
regulate social media platforms where he has been criticized.
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Fight over Beijing's security law for the city will have a chilling effect on business
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Dow futures fall 100 points ahead of Trump's U.S.-China news conference on Friday CNBCChina approves controversial national security bill for Hong Kong CBS NewsU.S. to Expel Chinese Graduate Students With Ties to China's Military Schools The New York TimesChina can't crush Hong Kong's freedom and still profit from it The Washington Post
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The president wants to narrow legal protections for companies like Twitter after it began appending fact-check labels to his postings.
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 President Trump signed an executive order Thursday to try and limit liability protections long afforded to social platforms, an action that many experts say is on dubious legal footing. The order comes after two days of tension between the president and Twitter--typically the president's preferred method of communicating--after the social media company took the unprecedented...
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As more businesses resume operations, some employers worry they won't be able to staff up if the wages they offer fall short of what people can earn from the enhanced unemployment benefits. That could hamper reopening efforts or hurt the ability of businesses to get loan forgiveness through the Paycheck Protection Program, which requires them to keep employees on payroll.
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Analysts warn that any US measures would have a ‘chilling effect' on business activity
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Elon Musk reaches first Tesla compensation award worth nearly $800 million The VergeElon Musk earns first performance-based payout from Tesla, worth more than $700 million CNBCAfter launch scrub, Elon Musk charges Tesla & gets a burger at Five Guys in West Melbourne Florida TodayHey, SpaceX: We Deserved a Cooler Space Suit GQWeather Delays Launch Of SpaceX rocket With 2 Astronauts Aboard WION
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