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Jan 7, 2019

What's News : U.S. Sets Terms to Leave Syria; Fed Faces Fresh Test; Surprise Winners at the Golden Globes.

The Wall Street Journal.
Newspaper.
What’s News
Sun icon. Good Morning
Here’s what we’re watching as the U.S. business day gets under way:
U.S. sets terms to leave Syria. Despite President Trump's promises of a speedy withdrawal, White House national security adviser John Bolton said the removal of U.S. forces from northern Syria would depend on a firm commitment from Turkey not to target the U.S.’s Kurdish allies.
The Fed faces a fresh test. After navigating the U.S. economy through the financial crisis and its rebound, the Federal Reserve's next challenge is to manage moderate growth that contains inflation but avoids a recession.
Federal workers brace for missed pay. With the shutdown entering its third week and negotiators showing little sign of progress, the shutdown's impact is stretching across the country as federal workers began tightening their belts and tourists continued to find locked doors at museums and national parks.
Teachers strike looms in Los Angeles. Teachers in the nation’s second-largest school district are preparing to strike this week. In what would be the biggest face-off yet in a nationwide run of educator activism, local leaders are taking steps to keep classrooms open with software and substitutes.
Kevin Spacey faces arraignment for an alleged sexual assault. The actor will appear in court in Nantucket, Mass. Netflix and “House of Cards" producer Media Rights Capital cut ties with Mr. Spacey in the fall of 2017 over sexual-assault and harassment accusations against him. 
Companies are getting personal this week at CES 2019. On display at this year's technology show will be wearables and other inexpensive products that can now extract detailed information about our bodies. So how will their makers handle all that data?
Surprise winners at the Golden Globes. “Bohemian Rhapsody” and “Green Book” took the top film honors at the 76th annual Golden Globe Awards on Sunday, winning best drama and best comedy respectively. 

What's Trending

VIVEK SINGH FOR THE WALL STREET JOURNAL
Through monsoons, around slums and under temples. More than 8,000 workers keep construction going 24 hours a day to finish the 21-mile rail line that will speed 1.6 million riders beneath one of the world’s most crowded cities.
 
Airline automation triggers an intense debate over safety. Cockpit automation and ultrareliable jet engines have contributed to record-low accident rates. But the fatal Lion Air crash that killed 189 people in Indonesia highlighted the hazards of when automated flight-control features fail or misfire, and pilots aren’t able to respond properly.
How estimates of the gig economy went wrong. Many researchers and journalists fretted that the "gig economy" was taking over the way people work. When the Labor Department studied the question in research released last summer, they concluded it had scarcely changed the U.S. labor market.
France's “yellow vests” aren't giving up. Weekend protests showed that yellow vests, or gilets jaunes, are likely to remain a disruptive force for the foreseeable future and a durable threat to the agenda of President Emmanuel Macron.
Starbucks' new CEO is reining in his predecessor’s ambitions. In a bid to revive sales in the chain’s core coffee shops, Kevin Johnson is scaling down some of Starbucks founder Howard Schultz’s biggest initiatives, such as plans for a related brand of upscale coffee shops that were central to the company’s growth strategy just two years ago. 
Gun use surges in Europe. Firearm ownership is rising across Europe, a continent that until recently faced far less gun crime and violence than much of the globe. The uptick was spurred in part by insecurity arising from terrorist attacks, and also reflects government efforts to get illegal weapons registered by offering amnesty to owners. 
Outsmart the scammers. More Americans are falling victim to financial fraud, as scammers excel at identifying victims’ weaknesses and insecurities. Learn to identify the signs of a scam to protect yourself.

Chart of the Day

The phone that's failing Apple. The iPhone XR, the lowest-priced new iPhone, has yet to win over consumers, falling short of hopes. The XR hasn’t sold as expected in China because it is being passed over by both price-conscious buyers and status seekers, analysts say.
 

News From Other Sources

Bridgewater’s Pure Alpha defies markets. The $160 billion hedge fund group founded by Ray Dalio saw its flagship fund gain nearly 15% last year, even as global equities fell and many other investment groups saw their performance unravel.
via Financial Times
Americans fighting for ISIS seized in Syria. Kurdish forces in Syria said they had captured two American citizens hiding out in the country’s final Islamic State stronghold. The pair had been captured alongside three others suspected of being foreign recruits in the extremist group.
via the Washington Post
Japanese billionaire offers cash for retweets. Yusaku Maezawa said 100 people who retweeted his message about sales of his fashion retailer would win one million yen ($9,200). The message has since been retweeted more than four million times.
via the Guardian
 

This Day in History

Jan. 7, 1951
North Korean, Chinese Forces Capture Seoul
During one of the most important battles of the Korean War, North Korean and communist Chinese forces invaded the capital city of Seoul, capturing it as U.N. troops withdrew. Part of the Chinese New Year's Offensive, the coordinated attack on western defenses came as Mao Zedong believed the pressure would result in the U.N. leaving Korea altogether. The victory would prove short-lived, as the U.N. recaptured Seoul a couple of months later during Operation Ripper.
THE WALL STREET JOURNAL
 
—Compiled and edited by Phil Nobile in New York and Bryony Watson in London.

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