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Jan 28, 2019

What's News: Trump Skeptical on Border Deal Options; Europe's Economy Causes Jitters; All of Your Wireless Is About to Change

The Wall Street Journal.
What’s News
Sun icon. Good Morning
Here’s what we’re watching as the U.S. business day gets under way:
President Trump is skeptical he will accept any border-wall deal. In an interview with The Wall Street Journal, the president said he doesn’t believe congressional negotiators will strike a deal over border-wall funding that he could accept, and vowed he would build a wall anyway, using emergency powers if necessary. Meanwhile, hundreds of thousands of federal workers head back to work today, with their payday still uncertain.
SEC investigates Nissan over Carlos Ghosn's pay disclosures. Nissan and Mr. Ghosn have been charged in Japan with underreporting his compensation by more than $80 million on eight years of the company’s financial reports.
Stocks rally—but worries linger. Stock indexes world-wide are on track to end January with their biggest monthly gains in at least a year, a sharp rebound from the drubbing financial markets took at the end of 2018. Beneath the rally, however, signs of caution have emerged and global stocks started the week with losses.
  • Tech earnings are on tap. Apple, Amazon and Microsoft are set to report earnings this week. Their results may dictate whether the rebound in shares of beaten-down tech firms continues or market volatility picks back up.
  • Europe's economy gives investors the jitters. Investors are backing away from European assets, as worries over slowing growth and political uncertainty push the European Central Bank to rethink plans to tighten monetary policy this year. 
Manufacturers take a sales hit in China. Makers of everything from bulldozers to computer chips have bet heavily on growing their business in a country whose 1.4 billion people have an increasing appetite for world-class consumer goods and infrastructure. Now that opportunity has become a potential liability as the growth of China’s economy slows.
Roger Stone says he will consider cooperating with Mueller. The longtime adviser to President Trump said he would consider cooperating with the special counsel after his arrest in Florida on Friday on accusations of lying to Congress.
U.S., Taliban show optimism in Afghan peace talks. Negotiators seemed optimistic about the prospects for a settlement of the 17-year Afghan war after days of face-to-face talks. But questions remain over the definition of a full withdrawal, the time needed for redeployment and whether equipment would be included in the pullout.

What's Trending

Colleges mine data on their applicants. In an effort to sort through a growing number of applications, some colleges quietly track prospective students’ online interaction with schools, taking it into consideration when deciding who to admit.
“Banks exercise too much power in Washington.” U.S. banks are approaching Democrat Elizabeth Warren’s presidential candidacy with trepidation. As president, she would represent a stark change to President Trump’s deregulatory approach to Wall Street, and bank officials worry she would take a more adversarial tack than the Obama administration. 
Google, Amazon seek foothold in electricity. Tech giants are looking for ways to expand their internet-connected thermostats and other smart devices to capture information on consumers’ personal energy use. That data holds great power; it can be used to manage energy demand by incentivizing consumers to use less electricity during peak hours.
Maine's largest city is straining under asylum-seeker growth. Portland, the state's largest city, is struggling with an influx of asylum seekers, to the point where a local official is alerting shelters in other parts of the country to discourage people from heading there.
Kicking the tires on car insurance to understand what you get. It’s easy to go off course when picking car insurance. Budgeting for your own risks requires a balancing act between knowing what kind of cost, or premium, you can afford and how much coverage you’ll need.
All of your wireless is about to change. As billions of new devices come online, the way they connect is changing, writes the Journal's David Pierce. Here’s what you need to know about Wi-Fi 6, Bluetooth 5 and, of course, 5G cellular.

This Day in History

Jan. 28, 1999
Ford Buys Volvo in $6.47 Billion Deal
Joining Jaguar, Aston Martin and Land Rover as part of Ford's Premier Automotive Group, Volvo was bought by Ford in a $6.47 billion deal. The move represented an ongoing bet by Ford on the luxury car market, buying up foreign brands as sales of luxury cars were rising in the U.S.
A decade later, the group of luxury automotive brands was sold by Ford, with the company offering up Volvo for sale in December 2008. Ford sold Volvo to China's Geely Automobile in 2010 for $1.8 billion, marking the largest overseas acquisition by a Chinese auto maker.
—Compiled and edited by Phil Nobile in New York and Bryony Watson in London.

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