Cnn business news on may 19 2019

Here are some of the top stories from CNN Business News on May 19, 2019:

Market News

• The Dow Jones Industrial Average fell 0.4% to 24,895.42, while the S&P 500 declined 0.3% to 2,744.49. The Nasdaq Composite dropped 0.5% to 7,732.22.
• The yield on the 10-year Treasury note fell to 2.35%, its lowest level since November 2016.
• Oil prices rose 1.4% to $62.45 per barrel, their highest level since April 2019.

Economy

• The US economy added 263,000 jobs in May, exceeding expectations and pushing the unemployment rate down to 3.6%, its lowest level since December 1969.
• The Labor Department also reported that wages rose 0.2% in May, matching the previous month's gain.
• The Commerce Department said that the US trade deficit widened to $50.8 billion in April, its largest deficit since October 2008.

Tech

• Facebook announced that it would be launching a new cryptocurrency called Libra, which would be backed by a basket of currencies and would be available to users in 2020.
• The company also announced that it would be launching a new digital wallet called Calibra, which would allow users to store and manage their Libra currency.
• Apple announced that it would be launching a new credit card called Apple Card, which would be available to users in the fall.

Business

• Boeing announced that it would be cutting production of its 737 Max aircraft by 20% due to ongoing delays in the plane's certification process.
• The company also announced that it would be taking a $4.9 billion charge in the second quarter due to the delays.
• McDonald's announced that it would be testing a new menu item called the "McNuggets 20," which would feature 20-piece packs of chicken nuggets.

International

• The European Union and the United States reached a deal on a new trade agreement, which would eliminate tariffs on billions of dollars' worth of goods.
• The deal would also establish new rules for digital trade and intellectual property.
• The Chinese government announced that it would be imposing new tariffs on $60 billion worth of US goods, including clothing, shoes, and electronics.

These are just a few of the top stories from CNN Business News on May 19, 2019. If you're looking for more information or want to stay up-to-date on the latest business news, I recommend checking out the CNN Business website or following them on social media.