1、* THURSDAY, JULY 25, 2019 VOL. CCLXXIV NO. 21 WSJ.com HHHH $4.00 DJIA 27269.97 g 79.22 0.3% NASDAQ 8321.50 0.8% STOXX600 391.73 0.05% 10-YR.TREAS. 7/32, yield 2.052% OIL $55.88 g $0.89 GOLD $1,422.80 $2.70 EURO $1.1139 YEN 108.19 Europes export engine is losing steam. That worries Mario Draghi. Mr.
2、Draghi, president of the European Central Bank, is expected to announce on Thursday that fresh mone- tary stimulus is on its way, seeking to offset a downturn in world trade that has qui- eted the eurozones factories. ECB officials as recently as December believed such measures would no longer be ne
3、eded. The central bankers change of heart reflects a weakness in the eurozones economy: It depends heavily on trade for growth, mean- ing events far from its bor- ders hold a disproportionate BYPAULHANNON ANDNICKKOSTOV Facebook PostsBig Earnings, Brushing OffFine Social-mediagiant absorbsrecordpenal
4、ty of$5billionafter strongsecondquarter WhitePaint KeepsRace RatedG iii Tour de France crew rids route of vulgarity, politics BYJOSHUAROBINSON SENTENAC-DE-SROU, FranceThey ripped through the early-morning mist, up and down the mountain passes, with their eyes glued to the tarmac. The worlds most fa-
5、 mous bicycle race, the Tour de France, would be coming through in a few hours. It was their job to make sure the road surface was fit for a global television audience. That meant no political messages, no rude words and, especially, no genitalia. These are the Tours “Eras- ers,” though “Whitewasher
6、s” might be more appropriate. They are a two-man team that PleaseturntopageA8 SAN JUAN, Puerto Rico Puerto Rico Gov. Ricardo Ros- sell said he would resign from office, bowing to public outcry over scandals that have convulsed the U.S. territorys political system and further imperiled its economy. H
7、is decision, announced late Wednesday, marked the first-ever resignation of a Puerto Rico governor and fol- lowed the release of nearly 900 pages of vulgar messages between him and his advisers, sparking protests that drew hundreds of thousands of demonstrators into the streets of San Juan. Mr. Ross
8、ell said his resig- nation was effective Friday, Aug.2,at5p.m. The governorship would typically be passed to the sec- retary of state, but he was among several officials who PleaseturntopageA5 ByAndrew Scurria,ArianCampo- FloresandJeffrey Acevedo Facebook Inc. pushed past a record-setting privacy fi
9、ne, posting strong second-quarter earnings that show the resil- ience of its social-media em- pire despite persistent nega- tive headlines and intensifying Washington scrutiny. The tech giant posted $16.9 billion in revenue, up 28% from a year ago. The company earned $2.6 billion in profit, or 91 ce
10、nts a share, reflecting a one-time $2 billion charge as part of its $5 billion settle- ment with the Federal Trade Commission announced earlier on Wednesday, and an ac- PleaseturntopageA6 BYJEFFHORWITZ ANDDEEPASEETHARAMAN Puerto Ricos Governor ToResignPenalty sends message to other tech companies. A
11、6 Heard on the Street: Holding up under pressure. B12 sway on its prospects. Today, Europe is emerging as a big loser from trade ten- sions between the U.S. and China, which are compound- ing a wider slowdown in global trade. Even though European companies might seem out of the line of fire, they ar
12、e suffering from a lull in their own exports to China as that countrys manufac- turing base curbs invest- ments. And their customers elsewhere are flashing cau- tion lights on spending. In a June news confer- ence, Mr. Draghi blamed “on- going weakness in interna- tional trade in an environment of p
13、rolonged PleaseturntopageA8ECB has grab bag of possible moves. B10 Oracle is the #1 EnterpriseApplications vendor in NorthAmerica based on market share and revenue. IDCWorldwide Semiannual SoftwareTracker,April 2019, results for CY2018. NorthAmerica is the USA and Canada. EnterpriseApplications ref
14、er to the IDC markets CRM, Engineering, Enterprise Resource Management (including HCM, Financial, Enterprise Performance Management, Payroll, Procurement, Order Management, PPM, EAM), SCM, and Production and OperationsApplications. Per IDCs latest annual market share results, S A L E S F O R C E I N
15、 T U I T S A P M S O R A C L E Former special counsel Robert Mueller is sworn in before testifying Wednesday before two House committees. Mr. Mueller, 74 years old, struggled at times to follow lawmakers questions, repeat- edly asked for clarification and appeared to forget details of his own report
16、. His voice cracked on occasion. But the demeanor of the former direc- tor of the Federal Bureau of Investigation was in line with his reputation as a taciturn Marine known for his reluc- PleaseturntopageA4 Republican president for his limited answers to investiga- tors. He also rejected several of
17、Mr. Trumps criticisms of his probe, saying: “It is not a witch hunt,” and “it was not a hoax.” He also described Russian election interference as an on- going threat. “Over the course of my career, Ive seen a num- ber of challenges to our de- mocracy. The Russian govern- ments effort to interfere in
18、 our election is among the most serious,” he said. little of the ammunition some Democrats had sought to build support for an impeachment inquiry into President Trump. The hearings also denied Re- publicans admissions of mis- steps that could help them cast doubt on the credibility of the work done
19、by Mr. Muel- lers team. Mr. Mueller, in his first ap- pearance to answer lawmak- ers questions about his nearly two-year investigation, stood by his refusal to exonerate Mr. Trump and he criticized the The Justice Department is poised to approve T-Mobile US Inc.s merger with Sprint Corp. under a pla
20、n designed to cre- ate a new wireless carrier by handing assets to satellite-TV provider Dish Network Corp., according to people familiar with the matter. T-Mobile, the nations No. 3 carrier by subscribers, and No. 4 Sprint have spent weeks ne- gotiating with antitrust en- forcers and each other ove
21、r the transfer to Dish of building blocks for a network to satisfy concerns that their more than $26 billion merger would hurt consumers by reducing price competition. The result is a deal that gives the satellite-TV company nine million Sprint cellphone customers, new wireless spec- trum and the ab
22、ility to operate on T-Mobiles network during a seven-year transition period, some of the people said. Those subscribers represent about a fifth of Sprints customer base. Dish would pay $1.4 billion for the Sprint customer ac- counts, most of which come from its Boost Mobile prepaid brand, and $3.6 b
23、illion three years later to buy Sprint spec- trum licenses in the 800 mega- hertz range, these people said. The right to use those air- waves, which can travel long distances, would help Dish ex- pand service in rural areas. That is a top priority for the Federal Communications Com- Pleaseturntopage
24、A2 ByDrewFitzGerald, SarahKrouse andBrentKendall T-Mobile-Sprint DealNearApproval EuropeGetsMauled InU.S.-ChinaFight Asglobaltradegrowthdwindles,export- relianteurozoneeconomiessuffer CONTENTS Business News B3,5 Capital Account A2 Crossword A12 Heard on Street. B12 Life & Arts. A9-11 Management B6 M
25、arkets. B11 Opinion A13-15 Sports A12 Technology. B4 U.S. News. A2-5 Weather. A12 World News. A6-7,16 s 2019 Dow Jones & Company, Inc. All Rights Reserved Whats NewsMueller repeatedly di- rected lawmakers to his re- port on Russian election in- terference and provided clipped answers to ques- tions
26、during House hearings that provided more parti- san jousting than fresh in- sight into his inquiry. A1, A4The House Judiciary panel is preparing to file a lawsuit to enforce a subpoena for testimony by ex-White House counsel McGahn. A4PuertoRicoGov.Rossell said he would resign, bowing to public outc
27、ry over scandals that have convulsed the is- landspoliticalsystemandfur- therimperiled its economy. A1The U.K.s Johnson, tak- ing over as prime minister, assembled a team of mainly euroskeptic ministers to pre- pare an all-out push to get the country out of the EU. A16Afederaljudgehalted the adminis
28、trations bid to cut off Central American asylum claims, hours after another judge said he would allow the rules to remain in effect. A3China vowed to step up military cooperation with Russia, a day after a joint air patrol triggered a confronta- tion over the Sea of Japan. A7North Korea launched two
29、 short-range missiles off the countrys east coast early Thursday, Seoul said. A7Chinasmilitaryis closely monitoring political unrest in Hong Kong, a defense spokesman in Beijing said. A7Trump vetoed joint res- olutions from Congress that sought to block arms sales to SaudiArabiaandtheU.A.E.A2 F aceb
30、ook pushed past a record-setting privacy fine from the FTC, report- ing strong earnings that showthe resilience of its social-media empire. A1, A6The Justice Department is poised to approve T-Mo- biles merger with Sprint un- dera plan designed to cre- ate a new wireless carrier by handing assets to
31、Dish. A1Tesla changed course again,sayingitwillemphasize expanding the size of its busi- nessover profit as it posted another quarterly loss. B1Boeing said it might slow or halt production of its 737 MAX if regulators dont ap- prove the aircrafts return to service by year-end. B1SoftBank is expected
32、 to invest $40 billion in its new technology fund after secur- ing backing from an unlikely coalition of investors. B1Allergan recalled certain textured breast implants af- ter the FDA warned of can- cer and mortality risks. B1The S&P 500 and Nasdaq rose, notching new highs, while the Dow retreated.
33、 B11Fordsquarterlyresultsand full-year earnings guidance fell short of expectations. B3Caterpillarcut its profit forecast amid lowersales in China and higher costs. B5AT&T lost nearly one million pay-TV customers in the second quarter. B4Samsung said it will start selling its foldable-screen phone b
34、y September. B5Deutsche Bank reported a big loss, reflecting pain from its restructuring. B10 Business&Finance World-Wide RoyalInviteforNewGovernment Conservative Party leader Boris Johnson formed his new government as prime minister after an audience with Queen Elizabeth II on Wednesday at Buckingh
35、am Palace. A16 VICTORIA JONES/PRESS POOL Former special counsel Rob- ert Mueller repeatedly directed lawmakers to his report on Russian election interference and provided clipped answers to questions during hearings Wednesday that provided more partisan jousting than fresh insight into his inquiry.
36、Mr. Muellers testimony, in separate hearings before two House committees that lasted for much of the day, provided BYSADIEGURMAN ANDARUNAVISWANATHA MuellerStickstoHisReport, RejectsWitchHuntRebuke JONATHAN ERNST/REUTERS Brief answers, bad sound made for low-key hearing. A4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。