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THE WALL STREET JOURNAL.
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a
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EUtO $10730
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YIN 10842
Goldman
Posts Rare
TVip-Up
In Trading
W hat’s
i News „
B u xin rx x Ó Finante
oldm an rep orted quar-
V J trrly earnings that rose
from a y w earticr but traiied
expectations, as h» trading
By La Horm a*
♦ In v csto n u n pouring
retirem ent wvin«s into
brakerages* promise ni
confbcrfree finanaal adr t » tai exthange for a fee. Bl
I
♦ BoCAI n rt roae 40% a*
trading jumped and t he
lender started to see the
benefits of a rise Ln ratev B1
♦ U S stocks closed lower
as banks and heafth-carr
shares slumped The Dow
süd 11X64 to 2052328. B17
♦ Treaaury ytelda ream ad
the Ir steep dedine as poiitical uncertainty drove
ínvestors to boy boods. Bis
♦ The U.K. pound vurged
on hopes an early election
in Britain wOI leed to a mote
favorable Brexit deatl B16
♦ Fax News is said to be
p reparto* to cut ties wlth
O'Reiliy, and a final resoluüoo on hls Cate could come
in th r next several days. B1
♦ Theranos reached a settlem ent wlih Am ona to r e
fund m id en ts vrho received
th r firm*s blood tests. B3
♦ VW*s proflt topped foreeasts on stron* «ales of nrw
mnrit»l< and oott-cutting. B2
♦ IBM reported a 13% drop
tai q w tcrijr can d áis and
narrower profit margins
aero» its husinesa unáts. B3
♦ U nited\ corporatr chents
are pushing the atallne to flx
kts customer service. B3
♦ U.S. housing sta rts fell
ln March. but not enough
to sígnal a reversal firom a
lon*-term upswtng. A2
♦ Britain*» prim e m inister
called a surprise earty gen­
eral election for June 8
aimed at *treogthening her
hand in exit talks with the
European Union. AL Alo
♦ The Navy confirmed that
rt didxi’t send an aircraft carrier directSy toward North
Korea. despite representa
tíon6 by the White House
that tt was on Its way. Al
♦ Trurap ad iad for dixtributlng more highskilkd
worker visas to the highest
paid apphcants, a move likely
to beeeílt tedi ftnns. A4
shown at 10 Oowning Street w London on
U.K.’s May Calis Early Vote
To Seize Brexit Mandate
By J cxky Gaoas
Ajo J ajoü Dolcias
LONDON-British
Prima
M inister Thrresa May called a
vurprise early general election
for June 8 aimed at strength
enáng her hand tai her country ’s critica! dlvorce negotiatiora wdh the European Union.
Mrs. May u betting the
election will deliver her a big
increase in her slim majority
In the Housc o í Commom, reduan g her dependence an the
f n n lo K a lawmakers wbo
♦ Pence rrafflrm ed the
U.S. Japan military alliance
and steered d ear oí trade
bsues ln a vtsil to Tokya AS
♦ TurkeyN opposition
sought to annul the gcwemm cflrt referendum v ji. as
the parry leader said he
d k tat trust the judaciary. A9
♦ The kUllng of three peopie in downtown Fresno.
Calií.. on Tuesday was be­
ta* investtgated as a hate
crime, authorities said. A2
♦ The man «Kpectcd cí kill
ing a G eveind retiree and
posürg the act on Facebook
shot and láüed himsett Al
tricate Britain from the bloc.
Last month, Mrs. May formally
tn g g n rd a two-year negoCiating window to settle tem u
with th e EU and map out the
UJC.'s futu re relationUiip with
its largest trading partner.
"Because the ovenriding i»sue is BreúL lt will be as dose
as you ever get to a one-issue
election.” said Peter Kellner.
form er prewdrnt of the YouCov políing firm.
The WWte House said Tuev
day that President Donald
Trump had received a phone
Of course. one quarter oí
weakness is far from a trend,
and ínvestors stiH vtrw Gold­
man as harón* one af the stn » gest trading franchises on Wall
Street. The firm had a dismal
firit quarter tai 2016 as well,
only for results to bounce back
later ln the year.
But the rare nusstep comes
amad a transilion atop the flim
Gary Cohn. the former N a 2 to
Chief Enrcutiw Lloyd Blankfein. departed for a job in the
/feose se r RAXK pagr A4
cali from Mrs. May to discuss
her plan to cali an early election. Mr. Trump. who has
praised the B rrot vote, told
the prime m inister he "wished
the Bntish people the best of
luck in their electoral procos»"
the White House said
Opinión potls back Mrs.
May*s hunch that an earty vote
tU a m aae BREXIT page AJO
♦ Analysis: Bntam gaars up for
a onr «ssue elacOon
A10
♦ Pouno surges on Brexit deal
816
♦ Wall Streett fee bonanza. B1
♦ BofA boosted by «ates
81
HOLLYWOOD DOESN’T
WORK WITHOUT CHINA
The U S movie industry relies on China’s investors and Its mass audience
By Eauai Scwwakt7X1
Screen Rívals
Orna s mone boa office totats
are or«(ected to st/oass the U S
CUMkan
US.
Id m
♦ The W hite Home
prevsed its case that ilkgal
unmigrants are fuettng a
crime wave. citing a Central
American based gang. A8
♦ Matris am ved ln Sauoi
Arabia at the start oí a tour
aimed at presstng for a poUtleal seftlement in Yemen. Al
want a sharp and rapad break
from the EU and ónpraving the
prospert for a w noothrr exit
with k ss fxtmonur duruption.
Last June a m ajority oí
Bntons voted to cut ( tn wtth
the EU after more than four
decades of memberstup. in a
Largely unforeseen re^ection
that sent shock w ates through
i)>f hjrtf and led to the imraediate rvsignation o í Prime
Muúster David Camrron. The
vote, revealing
a nation
deeply divided over the EU,
set ln motlon a process to es
A rare trading siumble from
Goldman Sachs Group Inc.
ended a streak of strong eamInfts for M i U S banks and set
the Wall Street powerhouse,
frevh off a leadership transition. on its hceis early in thr
year
GoWmar. reported flrstquarter net íncome of $2.26
txiLon. or SS15 a share. on rev­
ende of S&03 biUion. AU three
figures were better üum a year
earlier but fe2 below what Wall
Street analysts had forreas!.
The rratvon: a 2.4% decline
from a year earlier in *11-im­
portan: trading rrvenue. wttch
was w tll behind results re­
ported by rtvals.
The lackluster result shows
that for all o í its postcrisis
chances—diallng down risk,
adding coreiumer-íacing businesses and embracing lending—the unprrdictabír and unforgiving b u sin m of swapptn*
stocks. boods and oommodihes
remains crttksü to Goldman
^ J il
7000
70
niK w \u s ta m x a rv u .
LOS ANGELES—Fehniary*s
premien? of “The Great WaD’
showeased the cakulated bal
anee between two superpowers.
Matt Damon walked the
red carpet with his Qúnese
co-star, Jing Han. Director
Zhang Yimou thanked co-pro
duoers Universal Picture» and
Chana owncd Dalun Wanda
Group C a The afterparry had
sweet and-sour chxken.
The movie’s peor show int
didn't slow the trans-Pacific
CoBaboratioa Kcll>-wood has
breóme so entangled with
Clána that the movie industry
can t run without I t
Chínese Investors and
more than a bállku poten tiai
moviegoers havo made China
indispensable to the film
businesv The countrys boaoffice total last year, at $6.6
biljon. was the world* second largest compared wlth
the first-piace U S, S1L4 bilbon. ln a lew years, analysts
predirt. China will be N a 1.
WhDe the US. movie-ticket
sales have remained relarireíy
fíat. China\ have more than
tripled since 201L
•^re never thought oí
China 10 years ago. Now.
we re at a point where Holly­
wood can t exút without
China.” said Adam Goodman,
a former produciion chief at
Paramount Píetures. He now
Pteose aer CHINA p a g t A12
Carrier Threat Wasn’t All It Seemed
ByBm KnuNc
ano Fkucia Sckwajttz
WASHINGTON—Thr Navy
confirmed Tuesday that it
dxln't send one of its axrcraft
carrier* Ckrectly toward North
Korea amld growing tem ió na
with Pyoogyang. despáte representations by Presiden*. Donüd
Tnamp and his top defensr advisers that it was on its way.
tai fiad, the Nimitz-dass aircraft carrier USS Cari Vinson
was thousands of miles away
on eaercises oíf the northwest
coast of Australia and likely
won't arrive near the Korean
Peninaala untíl nect week.
The US. Pacific Command
reieased a statem ent Tuesday
th at said the Vinson is now
heading toward the W estern
Pacific as ordered after a
shortened training « e r a s e
with the Austraüan Navy. The
statem ent describid the m ore
as a “prudent measure.”
The White Houses aww ed
deployment of the \1nson carne
aa fonrign aé n w r te a from the
Middle East to Russla and the
r VINSON pane A 6
♦ IIS |ats mterccpt Russian
♦ Israel put axlled Pale«in
tan laader la m lte y cooflnement after he oncanized
a mass hunjser strike. AU
A1M»
THE DEPUTY:
WHEN SECOND
BEST IS BEST
SCREEN TIME
WITH THE
GALAXYS8
LESSONS OF
THE GORSUCH
BATTLE
UFI&AffTVAO
PERSONAL TKHNOIOCY, B1
0PMN3N, AI9
Tuesday to M short n a b d
was ««Wr sem as a
stapa for a tunofí Al
In Las Vegas, D rin ks
h'low a L ittle l^ess Freely
•
•
•
Casinos add technology to signal when a
player merits a pour; 4Is my light green?’
By Chrís Kuucham
said Mr. Fletcher, of Wlnnipeg,
LAS VEGAS—On a recent
trip here, Phil Fletcher and his
friends were at a video poker
bar at BaUy*» casino when thcy
notíced a seriea o í red and
green lights on the back oí the
at íeast three tim es a year. “As
a customer, it throws you way
<*Lm
As Las Vegas has transformed into one of the world's
moat visited tourist desunatlona. casino operators are re
etam im ng the p eits
that fostoricaDy lured
gambiers.
Over the past year,
many casinos have
startrd charging for
parking at resorts on
the Strip, ellciting
critlosm from locáis
and longtime visítors
who view free casino
parking as a sacred tradition.
Now operaton have started
serutinizing oomptimcntary
drinks, introducing nrw tech­
nology at bar* that track how
Ptease see DRINKS page A12
He had heard about
the lights. but as a
longtime visitar to Ve­
gas. be was shocked
upoo secáng thcm in
person: The lights sig­
na! when a pervm has
piayed enoügh poker
to deserve a free
drmk. upendlng decades of tradition.
TypócaDy, guests got a oompiim rntary pour at the bar regardlen oí how much they b et
without being tracked.
”lt*s beenme v«ry frustratir*
w lth all the nickel and diming.-