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NEW YORK (AP) — U.S. stock indexes are veering through another dizzying cycle, making big gains in the morning, then turning broadly lower in the afternoon. The S&P 500 initially jumped more than 1 percent, following even bigger gains in Europe, on optimism about U.S.-China trade talks. But falling bank stocks helped weigh on indexes as the day went on, pulling the market lower.
WASHINGTON (AP) — A closed-door meeting between President Donald Trump and congressional leaders lasted barely 30 minutes Tuesday after a heated televised opening session "spiraled downwards," in the words of House Democratic Leader Nancy Pelosi. Speaking outside the White House after the Oval Office meeting, Senate Minority Leader Chuck Schumer blasted Trump over his renewed threat to shut down part of the government over funding of a wall on the U.S.-Mexico border.
TORONTO (AP) — Canada's public safety minister says the government is deeply concerned about a Canadian detained in China — confirming that a former Canadian diplomat is being held in Beijing amid a dispute between the two counties over Canada's arrest of a Chinese executive. Minister Ralph Goodale says the government is sparing no effort to look after the Canadian's safety. The detention follows Chinese warnings to Canada of consequences for its recent arrest of Huawei chief financial officer at Vancouver's airport.
WASHINGTON (AP) — Google CEO Sundar Pichai is reiterating the company's position that it has no plans "right now" to launch a censored search engine in China. He commented while being grilled by members of the House Judiciary Committee on various topics, including perceived bias against conservative viewpoints, something Google denies. Pichai, who became CEO in 2015, has said in the past that he wants Google to be in China serving Chinese users.
UNDATED (AP) — U.S. airlines expect a 5.2 percent increase in air travel during the Christmas and New Year's break, to more than 2.5 million people a day. The busiest day is expected to be the Friday before Christmas. The trade group Airlines for America says it forecasts that 45.7 million passengers will fly on a U.S. airline during the 18-day stretch that starts Thursday, Dec. 20, and runs through Jan. 6, the Sunday after New Year's Day.
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