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Meandering markets ... Trump's trade council ... Alibaba accused of knockoffs



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TOKYO (AP) — Global shares meandered today after a lackluster day on Wall Street. Benchmarks in Europe were little changed while most Asian markets slipped after President-elect Donald Trump named an economist who is critical of China to head a newly created White House council on trade. Wall Street looked set for a slow start, with Dow futures nearly unchanged and S&P futures down 0.1 percent.

WASHINGTON (AP) — The Labor Department will release its weekly jobless claims report today. And the Commerce Department will release reports on durable goods and personal income and spending in November. Commerce will also report the third-quarter gross domestic product, and Freddie Mac will release the weekly mortgage rates.

WASHINGTON (AP) — President-elect Donald Trump has named economist Peter Navarro to lead a newly created White House council on trade. The University of California-Irvine professor, who advised Trump during the campaign, has sharply criticized China's economic and military policies in books and videos. In addition to leading the new White House National Trade Council, Navarro will be director of trade and industrial policy.

WASHINGTON (AP) — Chinese e-commerce giant Alibaba Group is back on the U.S. government's annual list of "notorious markets" that sell pirated goods. The Office of the U.S. Trade Representative says Alibaba's on-line marketplace sells "high levels" of counterfeit goods and is slow to respond when companies complain about the knockoffs. Alibaba Group President Michael Evans said the company is "disappointed."

SAN FRANCISCO (AP) — California has put the brakes on Uber's weeklong experiment with using self-driving cars on the streets of San Francisco. Regulators revoked the registrations of the self-driving cars Uber had been using on its hometown roads after the failure of a week of talks between the state and the ride-hailing company.

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The Associated Press

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