>>Yellen Calls China Visit "Constructive" (Beijing) -- Treasury Secretary Janet Yellen is calling her visit to China "constructive." Speaking on CBS's Face the Nation, Yellen said she and Chinese officials discussed the global economy and both countries' economies along with national concerns. Yellen said she also addressed reports of Chinese authorities trying to intimidate U.S. companies doing business in China. She said she informed Chinese officials any actions the U.S. takes will be "narrowly targeted and well-explained."
>>Coming Up In The Week Ahead
(Undated) -- Coming up in the business week ahead, readings on wholesale inventories and consumer credit are due today. Retail sales are due tomorrow along with the home builder confidence index. Housing starts come out Wednesday. Thursday brings word on first-time jobless claims and the week closes out with the import price index and consumer sentiment on Friday.
>>SAG-AFTRA Hopes To Avoid Strike
(Los Angeles, CA) -- Hollywood's biggest entertainment union is preparing for a possible strike even as it continues negotiations with the major studios. SAG-AFTRA and the Alliance of Motion Picture and Television Producers have reportedly made headway in talks since both sides agreed to extend the deadline on a new film and TV contract to this Wednesday. Negotiations between the guild and the A-M-P-T-P got underway June 7th and are being closely watched in light of the Writers Guild of America strike that's now in its 68th day. Actors are supporting WGA writers and share many of the same demands. SAG-AFTRA members are calling for more pay and improved working conditions that they say have declined during the streaming era. It's also seeking increased wages to counter inflation, higher residuals from streaming and protections from the use of Artificial Intelligence. The union also wants to boost contributions to its health and pension plans. The guild's members already authorized their leaders to call a strike if they can't reach a deal.
>>Schumer Calls For FDA Probe Into PRIME Energy Drinks
(New York, NY) -- Senate Majority Leader Chuck Schumer is calling on the FDA to investigate PRIME Energy drinks for their high caffeine levels. Speaking Sunday, the New York Democrat claimed the drink is being targeted to children as "one of the summer's hottest beverages for kids." A 12-ounce can contains 200 milligrams of caffeine, which is equal to about six cans of Coca-Cola or nearly two Red Bulls. Founded by YouTube stars Logan Paul and KSI, PRIME has gained popularity among teens on social media, despite a label on the product noting it's "not recommended for children under 18."
>>Prime Day: Avoid Scams
(Seattle, WA) -- With Amazon's Prime Day sales event coming up on Tuesday and Wednesday, the company is warning customers to watch out for scammers. Scammers posing as Amazon representatives is quite common and leads to millions of dollars in losses every year. The company says if there's a suspicious text or email asking to get in touch or to download software, do not reply. Instead contact Amazon customer service directly. Never pay for something you didn't order and be wary of anyone asking for a payment over the phone.
