****** WEDNESDAY, JUNE 6, 2018 ~ VOL. CCLXXI NO. 131 WSJ.com HHHH $4.00
DJIA 24799.98 g 13.71 0.1% NASDAQ 7637.86 À 0.4% STOXX 600 386.89 g 0.3% 10-YR. TREAS. À 6/32 , yield 2.917% OIL $65.52 À $0.77 GOLD $1,297.50 À $4.40 EURO $1.1720 YEN 109.79 What’s It’s a Jungle Out There for California’s Gubernatorial Candidates Beijing News Proposes
Business&Finance ADeal On Trade Job openings in the U.S. exceeded the number of China says it will buy job seekers this spring for the first time since such record- $70 billion in U.S. keeping began in 2000. A1 goods if Trump drops Facebook struck data threat of tariffs partnerships with Chinese companies, including Huawei, China offered to purchase a firm U.S. officials view as a nearly $70 billion of U.S. farm, potential tool for spying. A10 manufacturing and energy U.K. regulators approved products if the Trump admin- Comcast’s bid for Sky and istration abandons threatened gave a tentative green light tariffs, according to people to a rival offer from Fox. B1 briefed on the latest negotia- tions with American trade of- OPEC and its allies will ficials. consider China’s store of oil in deciding whether to continue By Lingling Wei in supply cuts, officials say. B1 Beijing and Bob Davis The Nasdaq rose 0.4% to in Washington
7637.86, a second consecu- CLOCKWISE FROM TOP LEFT: K.C. ALFRED/THE SAN DIEGO UNION-TRIBUNE/AP; JUSTIN SULLIVAN/GETTY; RICHARD VOGEL/AP tive record. The Dow slipped ON THE BALLOT: Three of California’s more than two dozen gubernatorial candidates—clockwise, from top left, Republican businessman In weekend talks in Beijing, 13.71 points to 24799.98. B13 John Cox, Democrat Lt. Gov. Gavin Newsom and Democrat Antonio Villaraigosa, a former Los Angeles mayor—voted Tuesday. In the state’s Chinese negotiators led by Liu ‘jungle primary,’ the top two vote getters, regardless of party, will advance to a November runoff. Go to WSJ.com for election results. He, President Xi Jin- Connecticut is issuing ping’s economic envoy, pre- new debt that requires the sented a U.S. team headed by state to limit spending and Commerce Secretary Wilbur cap future borrowing. B1 Ross a package that includes SoftBank is selling a 51% U.S. Has More Jobs Than Jobless Chinese companies buying stake in the Chinese opera- more U.S. soybeans, corn, nat- tions of U.K. chip designer ural gas, crude oil, coal and Arm to a China-led group. B5 BY ERIC MORATH in the labor force. That reflects manufactured goods. everything from baby boomers Chinese and U.S. officials Australian regulators Gap Closes The U.S. had more job open- retiring in greater numbers to estimated the value of the charged ANZ, Citigroup and Level of unemployment and job openings in the U.S. ings this spring than unem- students staying in college lon- package at nearly $70 billion Deutsche Bank with cartel con- 15 million ployed Americans, laying the ger to opioid abuse preventing in the first year. duct in a 2015 fundraising. B12 ground for the higher wages people from taking jobs. President Donald Trump The SEC voted to allow needed to draw people from Unemployed The unemployment rate has pressed China to commit electronic posting as the de- the sidelines of a historically 10 ticked down further in May to a to reducing the $375 billion fault method for disseminat- tight labor market. seasonally adjusted 3.8%, the U.S. merchandise trade deficit ing mutual funds’ shareholder For the first time since such lowest since April 2000, the La- with China by $200 billion. reports, starting in 2021. B12 record-keeping began in 2000, bor Department said last week. Chinese officials are arguing 5 the number of available posi- The last time the rate was their offer could go a long way Banks and insurers paid tions exceeded the number of Openings lower was in 1969, when young toward meeting that target. out some of the largest set- job seekers, the Labor Depart- men were being drafted into Throughout the negotia- tlements in the past decade ment said Tuesday, a shift that 0 the Vietnam War. tions, Mr. Liu made clear to in lawsuits over wages, ac- is rippling across the economy 2001 ’05 ’10 ’15 While the labor market has Mr. Ross that the offer would cording to a new report. B3 and affecting the behavior of Note: Seasonally adjusted tightened there still is a be void if Washington proceeds The Wall Street Journal employers and workers. Source: Labor Department THE WALL STREET JOURNAL. greater share of workers than with its plan to impose tariffs named Matt Murray as its U.S. job openings rose to a 18 years ago saying they are on $50 billion of products new editor in chief. He suc- seasonally adjusted 6.7 million Openings had exceeded the the U.S. is facing a historically stuck in part-time jobs and made in China, the people ceeds Gerard Baker, who will at the end of April, a record available labor pool beginning tight labor market. The short- PleaseturntopageA5 PleaseturntopageA8 become editor at large. B2 high—and more than the 6.3 in March, according to revised age of workers is made more million Americans who were figures released Tuesday. intense by the fact that a Heard on the Street: A reason Mexico details tariffs on World-Wide unemployed during the month. The data are the latest sign smaller share of U.S. adults are jobs are tough to fill...... B14 range of U.S. goods...... A8