1、* SATURDAY/SUNDAY, MAY 4 - 5, 2019 VOL. CCLXXIII NO. 104 WSJ.com HHHH $5.00 WS J THEWALLSTREETJOURNALWEEKEND the prizes. The drone debacle happened in 2012, when winners included developers of a tiny aircraft called the Nano Hummingbird. A blooper reel showed their prototype breaking apart or crashi
2、ng. The crowd laughed, then applauded when the win- ners brought onstage a bird- size drone that soared toward the ceiling. Then it dived and slammed into the auditorium wall, barely missing several people. “It looked like a little hum- mingbird; how bad could it be?” Mr. Hatkoff thought before- han
3、d. Afterward, “all I could PleaseturntopageA10 culture kamikazedrones EXCHANGE JoblessRateHitsa50-YearLow Hiringwasstronger thanexpectedinApril, thoughlabor-force participationdeclined rence Kudlowechoing Presi- dent Trumps comments Tuesdaycalled on the Fed to lower interest rates, saying the econom
4、ys engine could handle more fuel. “The economy is roaring,” Mr. Pence said Friday in a CNBC interview, not long after the Labor Department re- ported the jobless rate had fallen to 3.6% in April, the low- est level in 50 years. “This is exactly the time not only to not raise interest rates, but we o
5、ught to consider cutting them.” Fed Vice Chairman Richard Claridaechoing Fed Chair- man Jerome Powells com- ments Wednesdaysaid a short time later in a speech there was no need for the Fed to move interest rates either way. Administration officials also said they were considering Paul Winfree, the f
6、ormer dep- uty director of the White House Domestic Policy Council, for a spot on the Feds board of governors. The White House officials comments suggested they are seeking to raise pressure on the Fed to cut rates after its unanimous decision Wednes- day to leave its benchmark PleaseturntopageA2 WA
7、SHINGTONTop White House and Federal Reserve of- ficials squared off over interest rates Friday in a public clash over how to manage the econ- omy at a time of strong growth and historically low unemployment. Vice President Mike Pence and White House National Eco- nomic Council Director Law- BYDAVIDH
8、ARRISON ANDMICHAELC.BENDER WhiteHouseEscalatesFeudWithFed Hereshowthisperiodoflowunemployment,whichbeganin2015,stacksuptopreviousstretches. Civilianunemploymentrate 01 02 03 04 05 06 0 RealGDPgrowthhasbeen steadycomparedwith previouserasstrongergains. Annualchangeinquarterly ination-adjustedGDP 1997
9、 2005 2015 1965 0 3 6 9% 1970 75 1980 85 1990 95 2000 05 2010 15 1965 RECESSIONS % 3 4 5 6 7 8 9 10 April2019 3.6% 1997-2001 2005-2008 8 2015-present 1965-197 70 Periodsofunemploymentator below5%foratleast30months Inationhasbeentame, preservingbuyingpower. Annualchangeinconsumer-price index 01 02 03
10、 04 05 06 0 0 3 6 9% Monthsinto5%orlessunemployment 1997 2005 2015 1965 Note:Seasonallyadjusted Source:LaborDepartmentandCommerceDepartmentviaFederalReserveBankofSt.Louis ElbertWang/THEWALLSTREETJOURNAL Fewerprime-ageworkersare inthelaborforcethaninrecent similarperiods. Civilianlabor-force-particip
11、ation rate:25to54years 85% 70 75 80 01 02 03 04 05 06 0 1997 2005 2015 1965 01 02 03 04 05 06 0 Hourlywagegrowthpickedup butremainsmodest. Annualchangeinaveragehourly earnings,nonsupervisoryworkers 1997 2005 2015 1965 0 3 6 9% SriLankanTerrorSpree WasaFamilyEnterprise IslamicStatetacticdrawswivesand
12、childrenintosuicideattacks SoftBankWeighsIPO For$100BillionFund SoftBank Group Corp. is considering audacious fund- raising plans, including a pub- lic offering of its $100 billion investment fund and the launch of a second fund of at least that size, as it looks to seize on an exploding startup sce
13、ne, people familiar with the matter said. More immediately, SoftBank is negotiating with the sultan- ate of Oman for an investment of $1 billion or more in its ex- isting $100 billion Vision Fund, which raised nearly all of its cash from Saudi Arabia and Abu Dhabi, the people said. The funds staff i
14、s hustling to keep up with the frantic pace of deal making by Soft- BYLIZHOFFMAN ANDJULIESTEINBERGHeard on the Street: The Fed will remain on hold. B14U.S. stocks climb on strong jobs report B1The U.S. labormarket showed historic strength in April, with employers hir- ing at a faster pace and the un
15、employment rate falling to a half-century low. A1U.S. stocksrallied on the jobs report, flipping the S&P 500 positive for the week and leaving it a hair below its record. B1Top WhiteHouse and Fed officials squared off over interest rates in a public clash over how to manage the economy. A1SoftBankis
16、considering a public offering of its $100 billion Vision Fund and the launch of a second fund of at least that size. A1Boeing limited the role of its own pilots in the fi- nal stages of developing the 737 MAX system implicated in two fatal crashes. A1GinnieMaeismoving to curb repeated mortgage re- f
17、inancingsitsaysarehurting borrowers and investors. B1Tesla completed a $2.35 billion stock and bond sale, giving the company a much- needed liquidity boost. B3Fiat Chryslers operat- ing profit declined 29% in the first quarter. B3Marriott said CEO So- renson would be treated for pancreatic cancer. B
18、3 Whats News CONTENTS Books. C7-12 Business News B3 Food. D10-11 Gear & Gadgets D8-9 Heard on Street.B14 Obituaries. A9 Opinion. A11-13 Sports. A14 Style & Fashion D2-3 Travel D4-5 U.S. News A2-4 Weather. A14 World News. A6-8 s 2019 Dow Jones & Company, Inc. All Rights Reserved T rumpdiscussed Vene-
19、 zuela and North Korea with Putin in a phone call, but didnt press the Russian president on the subject of Moscows meddling in the U.S. political system. A4The Democratic-con- trolled House and the Trump administration careened to- ward a constitutional show- down on Muellers report.A4Venezuelas opp
20、osition came close to removing Ma- duro from power this week, according to people involved in talks to oust him. A6North Korea fired mul- tiple projectiles off the countrys east coast on Saturday morning, South Koreas military said. A7Assads regime and Russia have intensified air- strikes on Syrias
21、last rebel stronghold, renewing fears of a military offensive. A7Floridalawmakers passed a divisive bill to implement a constitutional amendment on voting rights for people with felony records.A3A federal court struck down Ohios congressional map, citing partisan gerry- mandering by the legisla- tur
22、es GOP majority. A4Britains ruling Conser- vative Party and the main opposition Labour Party suffered setbacks in Eng- lish local elections. A7 World-Wide Business&Finance NOONAN Republicans InaNation NeedingRepairA13每 日 免 费 获 取 报 告 1、每日微信群内分享 7 +最新重磅报告； 2、每日分享当日华尔街日报、金融时报； 3、每周分享经济学人 4、行研报告均为公开版，权利归原作者 所有，起点财经仅分发做内部学习。 扫一扫二维码 关注公号 回复：研究报告 加入“起点财经” 微信群。
