Arsenal are likely to fare much worse than Manchester United in the summer transfer window, says a frustrated David Seaman, despite both clubs being in a similar position.Those at Emirates Stadium and Old Trafford are in need of reinforcements.The Red Devils are expected to spend big addressing their apparent flaws, but the same approach is unlikely to be taken by the Gunners. Article continues below Editors’ Picks ‘There is no creativity’ – Can Solskjaer get Man Utd scoring freely again? ‘Everyone legged it on to the pitch!’ – How Foden went from Man City superfan to future superstar Emery out of jail – for now – as brilliant Pepe papers over Arsenal’s cracks What is Manchester United’s ownership situation and how would Kevin Glazer’s sale of shares affect the club? Unai Emery is reportedly set to be handed a budget of just £45 million ($57m) in which to strengthen a squad that finished outside the Premier League’s top four in 2018-19 and without a trophy.Arsenal legend Seaman is disappointed to see owners that are hardly short on funds refusing to back their manager in a competitive market that will see a number of rivals splash the cash.He told talkSPORT: “It’s so frustrating at Arsenal because the club is running on a good profit.“The fans are frustrated at the moment, especially after the result in the Europa League final against Chelsea.“It was a disappointing result, it was made a little bit better by the weekend result [arch rivals Tottenham being beaten by Liverpool in the Champions League final], but it’s so disappointing.“They’re struggling. It’s just so frustrating being an Arsenal fan and an ex-Arsenal player at the moment.“You know what the club is capable of, so you’re just like, ‘come on, let’s see what you’ve got!’“When you look at Manchester United and Arsenal, they’re in a very similar situation – they both need to strengthen at the back and they’re both without Champions League football, so it’s going to be testing times.“But I’d say United are in a better place than Arsenal because of their buying power and the money they will pay for players.”While Arsenal may not be as busy as their supporters had hoped this summer, they are being linked with moves for several players – such as Bournemouth forward Ryan Fraser and Belgium international Yannick Carrasco.Changes are also being made behind the scenes in north London in an effort to make the Gunners more competitive and better placed to challenge for major honours in the future.
Stocks are mostly higher in early trading on Wall Street Wednesday as gains in health care and other sectors outweighed losses in technology companies.Investors continued to shift money into U.S. government bonds, driving long-term bond yields further below short-term ones. The so-called inversion of the U.S. yield curve is a rare phenomenon that has correctly predicted previous recessions.Uncertainty over whether the trade war between the U.S. and China will drag the economy into a recession has roiled markets and sent investors seeking shelter in bonds, gold and other traditional safe-haven assets.The S&P 500 was up less than 0.1% as of 10:20 a.m. Eastern Time. The benchmark index has fallen for the past four weeks in a row. The Dow Jones Industrial Average rose 22 points, or 0.1%, to 25,798. The Nasdaq, which is heavily weighted with technology stocks, slid 0.3%.European markets were broadly lower after British Prime Minister Boris Johnson moved to suspend Parliament, which would hamper lawmakers’ efforts to stop a no-deal departure from the European Union in October.The yield in the 10-year Treasury fell below that of the two-year Treasury on Tuesday and remained lower in early trading Wednesday. The 10-year yield slid to 1.46%, down from 1.49% late Tuesday. The two-year was at 1.50%, down from 1.52% a day earlier.When the yield curve inverted earlier this month for the first time since 2007, it led to a broad market sell-off.The major U.S. indexes are on track for losses of 3% or more in August in what has been a volatile month for the market.Last week, the trade conflict escalated again with Washington and Beijing threatening new tariffs on each other’s goods, triggering a sharp sell-off in global markets. On Monday the market recouped some of those losses after President Donald Trump said his negotiators had received encouraging calls from China over the weekend. Traders drew encouragement from the development, even though China’s foreign ministry denied knowledge of any such calls.U.S. and Chinese trade negotiators are due to meet next month in Washington, but neither side has given any indication of offering concessions to break a deadlock. A round of talks last month in Shanghai ended with no sign of progress.With little to no news after President Trump’s conflicting comments this week on the status of negotiations, investors are “finding it difficult to put a finger as to where the ongoing U.S.-China trade issue is headed,” Jingyi Pan of IG said in a report. “The saying that we are a tweet (from Trump) away from the next trade escalation between U.S. and China had certainly grown to become the broad view.”Investors were also weighing a mixed batch of corporate earnings reports and outlooks Wednesday.Autodesk plunged 12.4% after the software company slashed its full-year forecasts, while Movado Group sank 20.5% after the company’s earnings and revenue fell short of Wall Street’s forecasts.Dycom Industries rose 5% after its second quarter results came in ahead of analysts’ expectations.___AP Business Writers Joe McDonald and Matt Ott contributed.Alex Veiga, The Associated Press