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Asian markets slide, European gains ... Fiat Chrysler recall ... Deutsche Bank proposed agreement



Estimated read time: 2-3 minutes

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BEIJING (AP) — Asian markets slid today while Europe has mostly gained in early trading ahead of the Christmas holiday after Wall Street fell for a second day. Markets are up in France and German. London is down. On Wall Street, Dow and S&P futures are unchanged. Yesterday, the Dow shed 23 points, to 19,919. The S&P 500 index lost 4 points, to 2,261. And the Nasdaq composite dipped 24 points, to 5,447.

DETROIT (AP) — Fiat Chrysler is recalling nearly 50,000 small SUVs worldwide because the engines could stall while being driven. The recall covers the Dodge Journey and Jeep Compass and Patriot from the 2016 model year. All have 2-liter or 2.4-liter four-cylinder engines. The company says a sensor connector in the engine can malfunction.

FRANKFURT, Germany (AP) — Deutsche (DOY'-chuh) Bank says it has agreed on a $7.2 billion settlement with the U.S. Justice Department to end civil claims over its dealings in mortgage-backed securities. The settlement, which isn't final, would address the bank's issuance of bonds backed by home mortgages in 2005-2007. Such bonds helped start a global financial crisis when the mortgages went into default and the bonds went sour. Credit Suisse also has said that it's agreed on a $5.3 billion mortgage-bond settlement.

BEIJING (AP) — A Chinese state newspaper is accusing a trade adviser picked by President-elect Donald Trump of "anti-China alarmism" and warns both sides would suffer if commerce is disrupted. Economist Peter Navarro picked by Trump to run a new National Trade Council at the White House, has accused China of effectively waging economic war against the United States.

SAN FRANCISCO (AP) — Starbucks wants to drum up holiday sales with promises of free espresso drinks this season — as long as you're in the right store. Starting Friday, select Starbucks stores will host 1,000 Pop Up Cheer Parties over 10 days, where customers can enjoy free tall handcrafted espresso beverages, from mochas to chestnut praline lattes. The event will be held at 100 Starbucks stores in the U.S. each day, from 1-2 p.m. local time.

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The Associated Press

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