More U.S.-China trade talks, Uber’s IPO, Durant’s injury: 5 things you need to know Friday – USA TODAY



Editors


USA TODAY

Published 6:06 AM EDT May 10, 2019

Trump allows new tariffs on Chinese goods to move forward as negotiations continue

President Donald Trump’s administration allowed U.S. tariffs on $200 billion in Chinese goods to more than double, even as officials said high-stakes negotiations intended to broker a new agreement would continue Friday morning. The White House left open the possibility of agreeing to a deal to roll back what would be the largest escalation to date in a months-long trade war with Beijing. But because U.S. and Chinese negotiators failed to reach an agreement late Thursday ahead of the president’s self-imposed midnight deadline, tariffs jumped to 25% from 10% on a range of Chinese goods, including office furniture, handbags and frozen catfish fillets. Beijing said it would retaliate. Investors are closely following the meetings and may react similarly Friday as they did Thursday when Trump threatened to enact the tariffs. Markets dropped Thursday over fears new U.S. tariffs and Chinese retaliatory tariffs will raise prices for consumers and slow the global economy. 

Suspects in Colorado STEM school shooting to appear in court

The two teens accused of attacking their suburban Denver STEM charter school earlier this week, killing one classmate and injuring eight others, are due in court Friday and prosecutors are expected to announce the charges the two will face. Authorities have identified the two suspects as Devon Erickson, 18, and a juvenile identified both as Maya McKinney and Alec McKinney. Appearing in court Wednesday, McKinney’s mother said her child identifies as male and is known as Alec. Court records identify McKinney as Maya. Little is known about the pair or their motivations and booking photos are being withheld to avoid compromising the investigation. Meanwhile, grieving students walked out of an event at the school Wednesday in anger and tears over concerns it inappropriately politicized their grief. The event was primarily billed as a vigil to honor Kendrick Castillo, the teen who was fatally shot in the rampage. But speakers were mostly politicians and advocates pressing Congress for more restrictive gun laws.

IPO day arrives for Uber

Ride-sharing giant Uber is set to make its debut on the New York Stock Exchange on Friday with its highly anticipated initial public offering (IPO). Ride sharing is unquestionably a growth industry: The company said in its filing last month that it makes 14 million trips daily. But rival Lyft – which went public in early April – hasn’t found great success on Wall Street so far. And Uber is facing pressure from its drivers, some of whom staged a strike in several major cities Wednesday to call attention to wages and work issues. Even with questions lingering about its ability to turn a profit, Uber has forever altered the way we travel, talk and work.

Warriors will have to beat Rockets without injured star Kevin Durant

With a chance to advance to the Western Conference Finals on Friday night, the Golden State Warriors will be without Kevin Durant for the remainder of their semifinal series against the Houston Rockets, after he suffered a strained calf in Game 5 on Wednesday. The Warriors said he’ll be re-evaluated next week. In the past, Durant has needed about a week to recover from similar injuries. Durant has carried the Warriors so far in these playoffs as he has scored no fewer than 21 points in the team’s 11 games. Steph Curry and Klay Thompson will need to step up for the Warriors, who are seeking their third consecutive NBA title. 

7,000 shows and counting for ‘Wheel of Fortune’

Seven thousand episodes is quite good fortune. Pat Sajak and Vanna White celebrate that milestone on “Wheel of Fortune” Friday, a feat they tell USA TODAY they could never have predicted. “I remember sitting in the chair next to Pat saying, ‘I wonder where we’ll be in 10 years?’ … And here it’s been 36,” says White, now 62. Neither she nor Sajak, 72, plans to retire anytime soon. Sajak says only that he’d like to leave “before people tune in and see me and go, ‘Ooh, what the hell happened to him?’” “Wheel” is still averaging nearly 10 million viewers this season, a close second to “Judge Judy” among all syndicated shows.

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