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Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Jun 28, 2019
Page
5
Fragmentary OCR text provides sparse readable items about a local matter with unclear names dates or places. The readable portion mentions a person and a place but lacks complete context to identify action, authority, or deadline.
The Commerce Department reports a 3.1 percent GDP increase for the first quarter, driven by investment and consumer spend, but economists expect roughly 2 percent growth in Q2 and tepid gains for the year as trade frictions with China weigh on confidence. Ford to cut 12,000 Europe jobs in a broad restructuring aimed at boosting profitability as plants close and 18 remain. Fisher-Price recalls 71,000 inclined sleepers due to infant safety risks, with guidance on the recall and safety resources.
California almonds face new tariffs from India and China that raise shelled nut prices and disrupt export plans. Industry leaders warn multiple markets under tariff stress could ripple through jobs, shipping, and farm costs as harvest approaches. Damaging price shifts and supply chain costs press growers to trim spending and adjust contracts.
At the Osaka G20 gathering US and China leaders join other powers to address global tensions. Climate change, trade frictions, and Iran's nuclear concerns dominate the agenda as Xi Jinping and Donald Trump meet amid calls for WTO reform and a broader crisis response. Leaders like EU Council chief Donald Tusk urge decisive action to temper climate threats.
Stocks gained as optimism on U S China trade talks buoyed banks and the S&P 500, while Treasuries slipped and oil hovered near $60 a barrel. The dollar held near monthly lows amid expectations central banks will ease policy. Gold eased from a six year high as markets awaited Trump and Xi meeting.
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