Dr. Ed's Blog

January 30  (Monday)

Markets
Next Stop, Dow 30,000 (BR)
20,000 Reasons to Be Wary of the Market (BR)
A Skeptic’s View of the Trump Rally (BR)
The Rally’s Next Test: Can Earnings Keep Up With Stock Prices? (W)
Patriots Bearish, Falcons Bullish in Super Bowl (W)

Oil
Border tax ideas roil oil markets, favor Gulf Coast refiners (R)

US
U.S. economy slows on wider trade gap; business spending rises (R)
Immigration Rules to Exacerbate Home Builders’ Labor Shortfall (W)
U.S. Jobs for U.S. Machines (BR)

Europe
Germany’s Schaeuble admits ‘mistakes’ in refugee policy (R)

Japan
Trump policies lift Kuroda hopes of new term (FT)

Emerging
Why Indonesia Is a Haven From Protectionism (BR)

US immigration I
Trump bars door to refugees, visitors from seven mainly Muslim nations (R)
Trump Says Move on Middle East Travel ‘Not a Muslim Ban’ (B)
Judges Block Parts of Trump’s Order on Muslim Immigration (B)
White House Says Green-Card Holders Exempt (W)
Trump aides divided over policy shielding ‘dreamer’ immigrants: sources (R)
Trump’s Visa Ban Order: The View From a Worried Middle East (B)
Airports Gripped by Confusion After Courts Rule on Travel Curbs (B)

US immigration II
U.S. tech leaders sound alarm over Trump immigration order (R)
Google Recalls Staff to U.S. After Trump Immigration Order (B)
Under fire, British PM May criticises Trump curb on refugees (R)
Justin Trudeau takes jab at Trump, says refugees are welcome in Canada (BI)

US politics
There are a lot of problems with Trump’s 20% border tax idea (BI)
Trump puts five-year lobbying ban on his political appointees (R)
Trump Adds Steve Bannon to National Security Council (W)
Kellyanne Conway on Trump executive orders: ‘Get used to it’ (BI)
Trump’s Tax Plan Could Preserve Millions in Savings for His Businesses (W)
Trump’s Immigration Ban Excludes Countries With Business Ties (B)

Geopolitics & cybersecurity
Trump talks to Putin, other world leaders about security threats (R)
On Globalization, China and Trump Aren’t So Far Apart (W)
Rudy Giuliani’s Passion for Cyberdefense (W)

Industries & companies
Autos: Auto Parts Maker Would Raise Prices to Offset Trump’s Proposed Mexico Import Tax (W)
Insurance: Health Insurer Anthem Has 30% Upside (BR)
Retail: Retailers in Crisis (BR)
Retail: Amazon and Auto Parts (BR)
Tech: Apple strategy in ‘smart home’ race threatened by Amazon (R)
Tech: Apple Joins Tech Rivals in AI Research Group (W)
Tech: Microsoft Looks Like a Better Bet Than Intel (BR)

Technology
Scientists see a mind controlled virtual reality (R)
Virtual Reality’s Latest Step Toward Substance (BR)

Offbeat
Guess Which Way the Doomsday Clock Just Ticked (B)
Trump Tower Has Rental Bargains, If You Can Get Past Security (B)

January 28  (Saturday)

Markets
U.S. Stocks Slip but End Week Higher (W)
German Inflation’s Back. Look Out, Bonds (B)
A Default in China Spreads Anxiety Among Investors (W)
Trump Win Pushes Recession Back Five Months, Says Deutsche Bank (B)

Central banks
Wait-and-see central banks to play second fiddle to Trump (R)

US
U.S. Growth Cools on Trade Drag as Business Spending Rises (B)
U.S. Durable-Goods Orders Fall Due to Big Drop in Defense Category (W)
Consumer Sentiment Notches New Decade-Long High (W)
Share of U.S. Workers in Unions Falls to Lowest Level on Record (W)
The huge disparities in US life expectancy in five charts (FT)

US politics
House Speaker Paul Ryan: ‘It’s going to take more than simply 100 days’ (R)
Republicans Now Marching With Trump on Ideas They Had Opposed (N)
Trump Warms to House Republicans’ Proposed Border-Adjusted Tax (B)
Trump to halt refugee flow from some Muslim-majority nations: White House official (R)
Sanctuary cities see legal holes in Trump’s immigration orders (R)
Trump’s campaign made big data personal (FT)

Geopolitics & trade I
Trump and Peña Nieto in ‘very friendly’ phone call (FT)
Trump says Mexico has taken advantage of U.S. ‘for long enough’ (R)
Nafta’s Impact on U.S. Has Been Mixed (W)
White House Sows Confusion About Plan for a 20% Import Tax (N)
Trump’s 20% Import Tax May Be Another Gift for Canadian Oil (B)
Trump Tax Idea for Wall Echoes House GOP Plan (W)

Geopolitics & trade II
Chinese military official warns that war with US under Trump is becoming a ‘practical reality’ (BI)
May Preaches Free Trade in U.S. as Trump Turns Up Heat on Mexico (B)
Trump Emphasizes Close Ties With U.K. in News Conference With May (W)
U.N. envoy warns U.S. allies: have our back or else (R)
Trump’s Gamble: Luring Countries Into Deals (W)

Industries & companies
Consumer: Nesquik Cuts Back on Sugar, Hoping to Sweeten Sales (W)
Consumer: Colgate-Palmolive Plans Ad Push to Stoke Sales (W)
Pharma: Merck Gives Details on U.S. Drug-Pricing Practices (W)
Tech: Google Parent Alphabet Finds New Growth Beyond Search (W)
Tech: Microsoft’s Profit Rises 4 Percent, as Cloud Business Booms (N)
Tech: Toshiba to Sell Part of Its Memory-Chip Business (W)
Tech: With supplies tight, memory chipmakers head into ultra-super-cycle (R)

Offbeat
Scaramucci Scores Millions From a Buyer With Mystery Investors (B)
New Mnuchin Pay Disclosure Shows a $5.6 Million Payout (W)
Kushner’s Felon Father Back at Helm of New York Empire With Two Fellow Inmates (B)

January 27  (Friday)

Markets
We’re Already at Dow 30000, You Just Don’t Know It (W)
The Dow Hit 20,000. Now What? (N)
The Fragile Economic Foundation of Dow 20000 (W)
German bond yields hit year-high in broad sell-off (FT)

US
Donald Trump’s 4% Growth Target Is Easier Said Than Done (W)
Fourth-Quarter Growth Likely to Be Typical of Obama Era (B)
New U.S. Home Sales at 10-Month Low as Mortgage Rates Rise (B)

Europe
Le Pen uses environmental issue to broaden appeal (FT)

Emerging
Mexico Registered Small December Trade Surplus (W)
China Seeks to Calm U.S. Over Its Semiconductor Ambitions (W)

US politics I   
Trump’s Uncertainty Principle (B)
Trump’s Economic Approach Starts to Take Shape (B)
Corporate America split over radical import tax plan (FT)
What Obamacare Repeal Could Mean for Medicaid (B)
The EPA just delayed 30 environmental regulations created under Obama (BI)
How the Debt Ceiling Could Foil Trump Spending Plans (B)

US politics II
Trump Fulfills Conservative Wishes With Supreme Court Shortlist (B)
Trump’s voter fraud probe could pave way for tougher voting rules (R)
Sanctuary cities face huge cuts by Trump policy (R)
U.S. government scientists go ‘rogue’ in defiance of Trump (R)
Trump Strategist Steve Bannon Says Media Should ‘Keep Its Mouth Shut’ (N)
Mass exodus at the State Department of people who don’t want to work for Trump (BI)

Geopolitics & trade
Trump Wants to Build a Wall. Finding Workers Won’t Be Easy (B)
Mexico’s President Rejects U.S. Plan to Build a Wall (B)
How Donald Trump’s Wall Would Measure Up to World’s Barriers (W)
How Mexico’s Trump Whisperer Could Save Nafta (B)
Kyle Bass Calls Trump ‘Gasoline’ on Smoldering Fire in China (B)
Japan Open to Two-Way Trade Talks With U.S. (W)
Philippines says U.S. military to upgrade bases, defense deal intact (R)
Israeli Cybersecurity Industry Grows as Global Threats Multiply (B)

Industries & companies
Autos: Ford Motor quarterly profit matches Street expectations (R)
Consumer: Johnson & Johnson agrees $30bn deal for Actelion (FT) 
Fintech: China’s Ant Financial, Owned by Jack Ma, Makes U.S. Play (W)
Media: German Media Giant Betting on Ink and Paper as E-Books Falter (B)
Tech: Alphabet Earnings Miss Analyst Estimates on New Hardware Costs (B)

Offbeat
The Day Harvard Stopped Being a Hedge Fund (B)
Here’s how much people make working for a hedge fund (BI)

January 26  (Thursday)

Markets
Boom: Dow hits 20,000 for first time ever (NN)
Does Dow 20,000 Mean It’s Time to Get Out? (B)
Dow Index Vaults Over 20000 Milestone (W)
Earnings Feed Global Stock Rally as Bonds Retreat (B)
Who’s President Doesn’t Matter That Much to the Stock Market (B)

Oil
BP Warns Battle for Oil Market Share Could Return (W)
No Stopping Texas Shale Boom as Permian Fever Spreads to Pipes (B)

Central banks
New Keynesians, You Were Right All Along, ECB Economists Argue (B)

US
Americans Are Flipping Houses Like It’s 2006 (B)
Middle-Aged Americans Beat Millennials in Time Spent on Social Media (B)
Existing Home Sales Fell 2.8% in December (W)

Europe
German Business Expectations Fall as Protectionism Fears Grow (W)

China
China Likely to Stick to Two-Child Policy (W)
Drop in China corruption prosecutions (FT)

Emerging
Emerging Markets Greet Trump by Rushing to Sell Debt (W)
Dubai is officially home to the world’s busiest international airport (BI)

US politics I
Federal Debt Projected to Grow by Nearly $10 Trillion Over Next Decade (N)
Conservatives Collide With Trump Over Budget Plans (W)
Trump Calls for ‘Major Investigation’ Into Alleged Voter Fraud (B)
Jake Tapper issued the strongest takedown yet of Trump’s baseless voter-fraud claims (BI)
Trump vows federal intervention to quell Chicago gun violence (R)
Cohn to receive $100m-plus Goldman exit package (FT)

US politics II
Under Trump, It’s Make a Deal With the President—or Else (B)
Trump to sign executive orders on immigration (R)
Trump seen boosting border agents, targeting those in U.S. illegally (R)
Trump expected to order temporary ban on refugees (R)
Trump’s Immigration Revamp to Include Plans for Safe Zones Inside Syria (W)

Geopolitics & trade I
Trump to Unveil Mexico Border Wall Plans in Security Push (B)
Trump’s Orders on Border Wall Stir Concern Over Presidential Power (W)
Trump Border Wall Announcement Builds More Resentment in Mexico (W)
Mexico issued an ultimatum to the Trump administration (BI)
Mexico’s Potential Weapons if Trump Declares War on Nafta (N)

Geopolitics & trade II
High Tariffs on China, Mexico Wouldn’t Guarantee U.S. Jobs (W)
Trump Injects High Risk Into Relations With China (N)
As Trump stresses ‘America First’, China plays the world leader (R)
Trade war between China and the U.S. is a lose-lose: state media (R)
Trump’s allies claim the US could ‘do a trade deal in a week’ with the UK (BI)
Why Obama sent the Palestinians $221 million during his last hours in office (BI)

Industries & companies
Airlines: Boeing’s Quarterly Profit Climbs (W)
Autos: Toyota’s ‘Made in America’ Strategy Isn’t Enough to Shield It From Trump (B)
Media: AT&T Revenue Declines (W)
Media: Amazon Steals Netflix’s Spotlight to Become Toast of Hollywood (B)
Shipping: Amazon Expands Into Ocean Freight (W)
Tech: Cisco to buy AppDynamics for $3.7 billion in growth push (R)

Productivity
A Challenge to the ‘Secular Stagnation’ Theory (W)
Has the World Reached Peak Productivity? (B)

Offbeat
Wall Street Is Hiring … in Florida (B)
‘La La Land’ Dominates Oscar Nominations (W)

January 25  (Wednesday)

Markets
Dow Makes Another Run Toward 20000 (W)
U.S. Stocks at Records Amid Earnings, Metals Rally: Markets Wrap (B)

Central banks
Fed Debate Over $4.5 Trillion Balance Sheet Looms in 2017 (B)

US
Existing Home Sales Fell 2.8% in December (W)
CBO Sees Budget Deficit Falling to $559 Billion in 2017 (W)

Europe
U.K. Supreme Court Rules Brexit Trigger Needs Parliamentary Vote (B)
What Does U.K. Ruling Mean for Brexit and What Comes Next? (B)
Euro Area Starts 2017 on Strong Note as Price Pressures Build (B)

China
China’s Efforts to Stem Capital Outflows Are Starting to Pay Off (B)
Alibaba revenues rise 54% in ‘blowout quarter’ (FT)

US politics
Trump Pins Keystone and Dakota Pipeline Fate on Renegotiation (B)
Trump Takes Action Aimed at Approving Keystone Pipeline (W)
CEOs Savor New Status in Trump’s Washington (W)
Trump’s budget nominee urges cuts to entitlements (FT)
Trump just got his first approval rating as president — and it’s not good (BI)
Trump repeats debunked claim that voter fraud caused him to lose popular vote to Hillary Clinton (BI)
This 36-Year-Old May Be Helping Run America (B)

Geopolitics & trade
China says will protect South China Sea sovereignty (R)
After U.S. exit, Asian nations try to save TPP (R)
China’s Bid to Fill U.S. Trade Shoes Risks Falling Flat (W)
A U.S.-China Role Switch: Who’s the Globalist Now? (W)
How Trump Would Rework Nafta—and What Mexico, Canada Want in Return (B)
Renegotiating Nafta: 5 points to keep in mind (FT)
Angela Merkel is facing a broader Russian disinformation campaign ahead of the German elections (BI)
Trump’s US embassy vow fires emotion over Jerusalem (FT)
Report: Obama quietly sent $221 million to the Palestinian Authority hours before leaving office (BI)

Industries & companies
Autos: Shares in US carmakers rise after Trump meeting (FT)
Financials: At Wells Fargo, Bank Branches Were Tipped Off to Inspections (W)
Health Care: U.S. blocks health insurer Aetna’s $34 billion Humana acquisition (R)
Tech: Microsoft Names LinkedIn Executive to Tech Chief Role (W)
Media: Verizon misses estimates ahead of Yahoo purchase (FT)

Technology
Robots Are Taking Over Oil Rigs (B)

Offbeat
Animated map reveals the most dangerous countries in the world for tourists (BI)
CFA Institute Says 43% of Test-Takers Pass Level 1 Exam (B)

January 24  (Tuesday)

Markets
‘Trump trades’ in reverse as new presidency sparks jitters (FT)
Inside the Mind of Mnuchin: Too-Strong Dollar May Hurt Economy (B)

Oil
Oil falls as signs of U.S. output rise overshadow OPEC-led cuts (R)
Oil Producers Claim Progress in Curbing the World’s Daily Supply (N)
China and India Curb Their Enthusiasm for Oil Reserves (W)

China
China Readies for World’s Biggest Human Migration (B)
Top Goldman Forecaster Urges China to Tighten Monetary Policy (B)

US politics I
Trump Promises ‘Very Major’ Border Tax on Outsourcers (W)
Why Repealing Obamacare Is Harder Than It Sounds (B)
States Send Trump Wish-Lists for Roads and Bridges (B)
Rex Tillerson, ExxonMobil and the separation of oil and state (FT)

US politics II
Trump the Campaigner Isn’t Going Anywhere, First Days Show (B)
First days of Trump era signal America’s deepening political divide (R)
Rocky First Weekend for Trump Troubles Even His Top Aides (N)
Here’s What Trump Can Learn From Andrew Jackson’s First Inaugural Address (Reason.com)

Geopolitics & trade I
Trump must address Obama’s withdrawal from world stage, says Kissinger (C)
Trump’s Tough Talk Further Rattles World Capitals on Day One (B)
Trump Makes Revised Trade Deals an Early Priority (W)
Trump Pulls U.S. Out of Pacific Trade Agreement (W)
Japan’s PM says will keep seeking Trump’s understanding on TPP (R)
Canada Signals Possible U.S. Trade Deal That Excludes Mexico (B)
Mexican President Vows to Protect Migrants, Free Trade (W)
Merkel vows compromise with U.S. on trade, military spending (R)

Geopolitics & trade II
China Says Prepared to Lead Global Economy if Necessary (W)
Trump and Xi Can Help Each Other on Trade (B)
China Slams Western Democracy as Flawed (B)
China urges Trump administration to grasp importance of ‘one China’ (R)
US to protect its interests in South China Sea (FT)

Industries & companies
Autos: Auto Industry’s No. 1 Preoccupation: Trump (W)
Autos: A Rising Tide of Used Cars Threatens Ford’s Profits (B)
Energy: Halliburton Profit Beats Estimates as U.S. Drilling Gains (B)
Media: Yahoo Faces SEC Probe Over Data Breaches (W)
Media: Yahoo Sees Verizon Deal Taking Longer Than Expected (W)
Media: Sprint to Buy 33% of Jay Z’s Tidal Music Service (W)
Retail: Retail Malaise Puts Pressure on Chains to Shutter More Stores (B)

Offbeat
Soros has ties to more than 50 ‘partners’ of the Women’s March on Washington (N)
Secret Service to investigate Madonna (Daily Mail)

January 23  (Monday)

Markets
‘Trump rally’ at crossroads as markets await clear signals (FT)
Investors Taper Bullish Bets (W)
How Often Does a Stock Move 19% in One Day? Not Often (W)
Global Uncertainty Gets Brushed Off in U.S., Europe (W)

Oil
OPEC and Friends on Track to Comply With Deal to Cut Output (B)
Oil-Output Cuts Proceeding Faster Than Planned (W)
Why Saudi Arabia May Unravel OPEC’s Big Deal (B)
OPEC Shrugs Off Threat of U.S. Cutting Oil Imports (B)
U.S. Oil Producers Ramp Up Spending (W)

US
Raging Inflation Has Not Arrived (BR)

Europe
Europe’s Future Scares Davos Elite (B)

US politics I
Trump’s inauguration speech — annotated (FT)
Inaugural Speech Dims G.O.P. Hopes for a More Conservative Trump Agenda (N)
Trump Turns a JFK Phrase Against His Message (B)
White House says media delegitimizing Trump, won’t ‘take it’ (R)
Trump Aide Says Press Secretary Presented ‘Alternative Facts’ (B)
Trump attack on media sets tone for start of presidency (FT)

US politics II
Massive Protests Target Trump Agenda (W)
Unprecedented anti-Trump protests led by women (R)
Trump reacts to mass protests with conciliatory tweets (FT)
CEOs Say Take Trump Seriously, But Not Literally (B)
After Trump’s Health-Law Directive, a Dash to Decode It (W)
Trump Reverses Obama’s Mortgage Fee Cuts on First Day (B)

Geopolitics & trade
Trump trade strategy starts with quitting Asia pact: White House (R)
Chief of Taiwan’s Foxconn says rise of protectionism unavoidable (R)
Foxconn CEO says investment for display plant in U.S. would exceed $7 billion (R)
Syria Talks to Test Russia-Turkey Cooperation (W)
Netanyahu to Speak to Trump (W)
May Says She Won’t Back Down From Challenging Trump (W)
Here are the 4 geopolitical hotspots of 2017 (BI)

Industries & companies
Retail: Department stores are facing ‘the worst results since the recession’ (BI)
Tech: Samsung Blames Battery Size for Galaxy Note Fires (W)

Technology
Technology’s Long-Term Toll on the Middle Class (W)

Offbeat
Watch Ashley Judd’s ‘Nasty Woman’ Speech at Women’s March [VIDEO] (Variety)
Watch Madonna’s Speech at the Women’s March in Washington [VIDEO] (Variety)
‘Pathetic. Embarrassing’: Morning Joe host dubs Trump press secretary’s first briefing a ‘hostage video’ (BI)

January 21  (Saturday)

Markets
Dow Rises Nearly 100 Points as Trump Takes Office (W)
Markets give muted response to Trump speech (FT)
How Markets Reacted to U.S. Presidents’ First 100 Days (W)
Mexico’s Peso Is Top Performer on Trump’s Inauguration Day (B)

Oil
U.S. Oil Producers Ramp Up Spending (W)
Big Oil May Finally Get to Drill in the Arctic, But Is It Worth It? (B)

Central banks
Now (Jan. 2017): YELLEN: Running the economy ‘hot’ would be ‘risky and unwise’
Then (Oct. 2016): Yellen Cites Benefits to Running Economy Hot for Some Time (W)
Yellen Backs Gradual Rate Rises as Fed Not Behind the Curve (B)
ECB Survey Sees Draghi Wishing Farewell After Increasing Rates (B)

US
Trumponomics may be wrong medicine for U.S. economy today (R)
What to Expect from Trumponomics (B)
Trump Seeks 4% Annual GDP Growth, High End of Prior Goals (B)
Companies’ Job Pledges: Analyzing the Numbers (W)

China
China Leans on Stimulus to Hit 6.7% Growth (W)

US politics I
Trump Takes the Reins of a Deeply Divided Nation (B)
Trump’s Presidency Opens With Combative ‘America First’ Address (B)
Trump Indicts Political System, Remains the Outsider (W)
Trump Vows Sweeping Changes for U.S. (W)
How Trump Aims to Broadly Reshape Policy (W)
The government secrets Trump is about to discover (PO)

US politics II
Republican Governors Balk as Congress Races to End Obamacare (B)
Mnuchin Puts Pressure on Banks Over Volcker Rule, Glass-Steagall (B)
Trump Nominees Make Clear Plans to Sweep Away Obama Policies (N)
Conway blasts confirmation hearing ‘show trials’ (PO)

US politics III
Trump can’t stop talking about how he won (PO)
‘He Has This Deep Fear That He Is Not a Legitimate President’ (PO)
How Trump Left Hollywood in the Cold  (PO)
Who Is Paula White, Trump’s Spiritual Adviser Praying at His Inauguration? (NBC)

Geopolitics & trade
In Trump We Trust: Inauguration prompts celebration in Russia (R)
Trump Doctrine’ Upends Alliance With Europe (B)
Where Trump’s Protectionism Could Hit the Hardest (W)
Davos Elites See an ‘Abyss’: The Populist Surge Upending the Status Quo (N)

Industries & companies
Autos: Ford to record pre-tax remeasurement loss of $3 billion in 2016 (R)
Industrials: GE profit up 36 percent, sales slow; affirms 2017 forecast (R)
Industrials: GE Revenue Slips, Hurt by Oil Woes (W)
Pharma: Bristol-Myers shares slide on immunotherapy setback (FT)
Retail: Walgreens Faces U.S. Antitrust Concerns Over Rite Aid Deal (B)

Technology
Impact of job-stealing robots a growing concern at Davos (R)

Offbeat
Trump aides jockey for best White House real estate (PO)
Melania Trump’s blue dress channels Jackie Kennedy (FT)
Indian Travel Boom Is Sending Tourists Home With Superbugs (B)

January 20  (Friday)

Markets
Trump’s presidency could give investors a bumpy ride (CBS)
Blankfein: The markets were already great before Trump’s win (BI)
Soros Says Markets to Slump With Trump, EU Faces Disintegration (B)
Markets Take China’s Treasury Selloff in Stride (W)

Commodities
US shale is ready for a comeback (BI)
‘Permania’ grips the US shale oil industry (FT)
Aluminium on a tear on hopes for China supply cuts (FT)

Central banks
Trump and Yellen Look to Be on a Collision Course (N)
Fed Unlikely to Snuff Out U.S. Economic Expansion, Dudley Says (B)
Fed’s Kaplan, warning on debt, urges care on fiscal policies (C)
Draghi Dovish as ECB Stands Pat (W)
ECB holds steady on rates amid inflation dilemma (FT)

Global
Davos Elite Seeks Fixes to Defend the System From Populists (B)
Davos Elite Fret About Inequality Over Vintage Wine and Canapés (N)
Davos CEOs ‘go local’ on supply chain in Trump era (R)
Joe Biden Speech at the World Economic Forum in Davos: Transcript (Fortune)
Global Americanization ends tomorrow: Eurasia’s Ian Bremmer (R)

US
Does a Strong Dollar Slow the Growth Rate of GDP? (FRB-STL)
The Mortgage Market’s $1 Trillion Pocket of Worry (W)
CBO’s Long-Term Projections of Labor Force Participation
Household Formation over Time: Evidence from Two Cohorts of Young Adults (FRB-BOS)

Japan
Abe Seeks to Give Japan’s Temporary Workers a Lift (B)

China
The real problem with China’s corporate debt load (BI)

US politics
Trump’s Style: ‘Deliberate Chaos’ (W)
Voter Anxiety That Fueled Trump’s Victory Turns to Hope for Jobs (W)
Trump, His Children, and 500+ Potential Conflicts of Interest (W)
Mnuchin Defends Banking Past, Advocates Strong U.S. Dollar (B)
Mnuchin adds to mixed signals over Trump dollar policy (FT)
Perry Regrets Call to Eliminate Energy Department (W)
Trump to Keep Top Obama Administration Officials (W)
How Border Adjustment Could Cause a Wealth Drop (W)
Obama’s Failing Was a Lack of Ambition (B)
In Farewell, Obama Sets Red Lines That Would Pull Him Back Into Fray (N)

Geopolitics & trade
Ross escalates Trump trade criticism against Beijing (FT)
China Pledges Cooperation With Trump Administration on Trade (B)
Russia Fears That Trump Won’t Be Such a Great Deal After All (B)
Top Trump Adviser: UK/U.S. Deal Could Be Ready in ‘Six Months’ (Breibart)
May Hints at Trump Rebuke in Vow to Lead on Free Trade (W)

Industries & companies
Autos: How Much Is a Trump Friendship Worth? For Tesla Shares, Up to 30% (B)
Financials: Citigroup faces questions on missing its financial targets (FT)
Financials: Wall Street Firms Use ‘Buy’ Ratings to Win Clients Access (W)
Railroads: CSX shares soar as rail industry veteran takes aim (FT)

Technology
U.S. investors see more automation, not jobs, under Trump administration (R)

Offbeat
Earth Sets a Temperature Record for the Third Straight Year (N)
Mexico Extradites Drug Lord ‘El Chapo’ to U.S. (W)

January 19  (Thursday)

Markets
Dow Slides, Weighed Down by Goldman, UnitedHealth (W)
Dow 20,000 is overrated (BI)

Oil
OPEC Chief Says ‘So Far, So Good’ on Deal to Cut Production (B)

Central banks
Bernanke: The Fed and fiscal policy
Yellen Says Economy Near Goals, Warranting Gradual Rate Hikes (B) | Speech
Yellen warns rates delay risks ‘nasty’ surprise (FT)
Fed officials prepare ground to cut bank’s $4.5tn balance sheet (FT)
ECB bond buying slide raises taper questions (FT)

Global
China takes the spotlight (BI)
President Xi’s speech to Davos in full
Xi Jinping Discusses Establishing Chinese Banks in Geneva (B)
World Economic Outlook (WEO) Update (IMF)

US
Inflation Gauge Tops 2%, Supporting Fed’s Plan to Raise Rates (W)
Consumer Prices, Factory Output Tick Up: U.S. Economic Takeaways (B)
U.S. Home Builder Confidence Slips From December, But Remains High (W)
Is the Next Recession Around the Corner? Probably Not (FRB-DALLAS)

Europe
Annual inflation up to 1.1% in the euro area (Eurostat)
France’s Le Pen Centers Campaign on Quitting Euro (W)
Dimon Says Euro Zone May Not Survive If Concerns Are Ignored (B)
German Jobs Mystery Explained as Refugees Hide in Statistics (B)
Goldman May Cut London Staff by 50% on Brexit: Handelsblatt (B)

China
China 2016 home prices surge most in five years, but moderating, easing bubble fears (R)

Geopolitics & trade
Ross Hints at Duties on Chinese Steel Imports (W)
Ross Sees ‘Useful Role’ for Tariffs in Helping Trade (B)
Obama Warns on Mideast Volatility, Russia Tensions (W)
Biden Lashes Out at Trump Over Comments on NATO (W)

Industries & companies
Airlines: United Airlines beat fourth quarter earnings estimates, but a massive tax bill is killing profits (BI)
Education: Pearson Shares Dive on Profit Warning (W)
Financials: Goldman Sachs Results Surge on Trading Bounce (W)
Financials: Citigroup Reports Higher Earnings (W)
Financials: Deutsche Bank Said to Warn Job Cuts Continuing as Bonuses Axed (B)
Financials: Credit Suisse Completes $5.3 Billion U.S. Deal Over Toxic Debt (B)
Media: Netflix Tops Analysts’ Estimates With 7.05 Million New Customers (B)
Pharma: Pfizer warns of ‘big challenge’ ahead from strong dollar (FT)
Tech: Qualcomm allegedly paid Apple billions of dollars in rebates to use its chips (BI)
Tech: Oracle Sued by U.S. Over Alleged Discriminatory Pay, Hiring (B)

Offbeat
These Are the Countries Facing the Highest Risks Today (B)