The Wall Street Journal - 03.09.2019

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Trade


Conflict’s


Global


Impact


Grows


Small U.S. businesses
become less confident;
exports to China fall in
Japan, South Korea

Turnip, Built


For Speed,


Roasts Rivals


iii

Onions are a


disaster; cheese is


fast but smelly


BYANDREAPETERSEN

BALLYDEHOB, Ireland—
Muscles tensed, throwing
arms cocked, six men wait be-
hind the starting line at the
bottom of a hill in this small
rural village. Cheering onlook-
ers crowd behind metal barri-
ers. Organizer Barry O’Brien
calls out the rules.
“You must first throw the
turnip before you reach me.
Pick up the turnip and throw
it again,” he yells. “Ready.
Steady. Go!”
The final round of the 2019
World Championship Turnip
Races has begun.
Rural Ireland is home to a
growing proliferation of festi-
Please turn to page A

The


JOURNAL.


Thepodcastabout...


MONEY. BUSINESS. POWER.


EveryweekdayafternoonatWSJ.com/thejournal


ance between online and mo-
bile gambling versus in-person
wagering at casinos and race-
tracks.
Some state lawmakers tout
the convenience of betting on
smartphones, while others are
concerned that easy access
could lead to an increase in
problem gambling.
In Rhode Island, which
launched in-person sports bet-
ting at its two casinos last
year, and then expanded a few
months later to mobile, legis-
lators debated the pros and
cons of the technology.
“This can be done in your
basement,” said state Rep. Te-
resa Tanzi, a Democrat, during
a floor debate on mobile bet-
ting. “This could be done
while you’re sitting next to
your spouse in the very same
room...This is something that
people are going to be able to
do under the radar until it’s a
major problem for them.”
State Senate President
Please turn to page A

Bets placed via smart-
phones have rapidly brought
New Jersey neck-and-neck
with Nevada in the race to be
the nation’s biggest sports-
betting market.
Limits in other states,
though, could hamper the na-
scent industry’s growth.
Online gamblers now ac-
count for about 80% of all le-
gal wagers on games in New
Jersey, which surpassed Ne-
vada for the first time in May
in monthly sports bets, ac-
cording to figures released by
the two states. New Jersey le-
galized sports betting last
year, following a Supreme
Court ruling that allowed such
moves by individual states.
As other states have waded
into sports gambling since the
decision, some are limiting it
to physical locations like casi-
nos and have hesitated to go
all-in for mobile betting. Many
are attempting to strike a bal-

BYKATHERINESAYRE

Online Sports Wagers


Bring Big State Payoffs


The escalating trade war be-
tween the U.S. and China is rip-
pling through the global econ-
omy, hurting confidence among
U.S. small businesses, crimping
trade among industrial giants
in Asia and hitting export-ori-
ented factories in Europe.
On Sunday the U.S. imposed

fresh tariffs of 15% on Chinese
goods including clothing, tools
and electronics. A round of re-
taliatory Chinese tariffs also
took effect, targeting imports
of U.S. soybeans, crude oil and
pharmaceuticals.
Beijing said on Monday it
lodged a complaint with the
World Trade Organization
over the Trump administra-
tion’s tariffs.
Economic confidence among
small U.S. companies fell in Au-
Please turn to page A

ByRuth Simon,
Megumi Fujikawa
andPaul Hannon

trained in a city where violent street crime
is rare, will later don body armor and charge
at protesters flinging bricks and Molotov
cocktails into their lines.
And they worry as they sit down to watch
the ubiquitous live streams that show the
action in excruciating detail: the full-frame
shots of teeth knocked out onto the pave-
ment, of stumbling policemen pulling their
Please turn to page A

HONG KONG—Every weekend, thousands
of families across the city say goodbye to
loved ones heading into the fight.
They say goodbye to children dressed in
black, some who hide helmets in their back-
packs and—in case of arrest—have lawyers’
phone numbers stamped on their arms and
coated with hair spray so the numbers don’t
get smeared in the fray.
They say goodbye to policemen who,

BYNATASHAKHAN

Johnson appealed to members
of Parliament not to back “an-
other pointless delay” to
Brexit, which has been twice
delayed until Oct. 31, firing the
first shots in the latest period
of febrile political wrangling
on which hangs how—or even
whether—the U.K. will leave
the European Union.
Meanwhile, his aides deliv-
ered a tougher message be-

hind the scenes, saying an
election will be called for Oct.
14 if lawmakers vote to force a
delay to Brexit.
The message was aimed at
dissuading rebel lawmakers in
Mr. Johnson's own Conserva-
tive Party from supporting op-
position efforts to prevent the
U.K. from leaving the bloc on
that date without a deal to
smooth the transition.

Mr. Johnson told an emer-
gency meeting of his cabinet
on Monday that he would seek
an election if an expected op-
position effort this week to
seize control of the parliamen-
tary agenda is successful, ac-
cording to a senior govern-
ment official. Calling a snap
poll, Downing Street believes,
will stall hisopponents’ bid to
Please turn to page A

LONDON—The chances of an
early British general election to
resolve a three-year impasse
over Brexit appeared to rise on
Monday as Prime Minister Bo-
ris Johnson launched a broad-
side at lawmakers seeking to
thwart his Brexit strategy.
In a televised address, Mr.

BYMAXCOLCHESTER
ANDJASONDOUGLAS

U.K.’s Johnson to Call for Election


If Lawmakers Buck His Brexit Plan


While Their Children Clash,


Hong Kong’s Parents Fret


Public unrest is taking a personal toll; ‘Mom says come home’


 Truck makers apply brakes as
sales slow.................................... B
 Markets showed resilience in
topsy-turvy August.............. B

 Students boycott class to join protests......... A

Dozens Feared Dead in Boat Fire


Rescuers recovered four bodies and located four others on the ocean
floor, leaving 26 unaccounted for and feared dead, after a dive boat
caught fire and sank Monday morning off Santa Cruz Island, Calif. A

SANTA BARBARA COUNTY FIRE DEPT./EPA/SHUTTERSTOCK

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CONTENTS
Business & Finance B
Business News....B3,
Capital Journal...... A
Crossword.............. A
Heard on Street... B
Life & Arts....... A11-

Markets............... B9,
Opinion.............. A15-
Sports....................... A
Technology............... B
U.S. News............. A2-
Weather................... A
World News....A6,8-

s2019 Dow Jones & Company, Inc.
All Rights Reserved

>

What’s


News


Johnson launcheda
broadside aimed at U.K. law-
makers seeking to thwart
his Brexit plans, apparently
raising the chances of an
early general election.A
Bets placedvia smart-
phones have brought New
Jersey alongside Nevada in
the race to be the biggest U.S.
sports-betting market.A
Hurricane Dorianhov-
ered over the northwest-
ern Bahamas on Monday,
killing at least five people
and leaving an entire is-
land without power.A
Rescuers recovered
four bodies and were
searching for 30 other pas-
sengers from a dive boat
that burned and sank off
Santa Cruz Island, Calif.A
The suspect allegedto
have killed seven people in
Texas was fired from his job
and called the FBI tip line
hours before opening fire.A
Iran is stiflinga U.N.
probe of its alleged stor-
age of nuclear equipment
and radioactive material in
Tehran, diplomats say.A
The U.S.diplomat over-
seeing talks with the Taliban
shared with the Afghan gov-
ernment details of a proposed
U.S. troop withdrawal deal.A
Hong Kong students
boycotted classes as a form
of political protest.A

F


allout from theescalat-
ing U.S.-China trade war
is rippling through the global
economy, hurting U.S. small-
business confidence, crimping
trade among industrial giants
in Asia and hitting export-ori-
ented factories in Europe.A
Truck makers arelogging
sharply lower orders, adding
stress to a decelerating U.S.
manufacturing sector.B
Argentina imposedcapi-
tal controls in a turnaround
for Macri, who had lifted
similar restrictions early
in his administration.A
Friction betweenBoeing
and air-safety authorities
threatens a new delay in
bringing the grounded 737
MAX back into service.B
Saudi Arabia isremoving
Energy Minister Khalid al-Fa-
lih as Aramco’s chairman as
plans for an IPO accelerate.B
China’s Bank of Jinzhou
said it would skip a year of
interest payments to inter-
national bondholders.B
Recession signals
flashed by tumbling long-
term bond yields may have
been exaggerated.B
Global stocks weremixed,
with the Stoxx Europe 600
rising 0.3% and the Nikkei and
Hang Seng both off 0.4%.B
China’s marketregulator
vetoed a proposed share list-
ing already cleared by the
country’s biggest bourse.B

Business&Finance


World-Wide


Dorian Looms as Threat to U.S. Coast After Striking Bahamas


AWAITING THE STORM: Hurricane Dorian was forecast to approach close to Florida late Tuesday through Wednesday, after battering
the Bahamas, where at least five were killed. Above, people gathered at the water’s edge in Vero Beach, Fla., on Monday. A

MARK WILSON/GETTY IMAGES
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