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What's News: Apple Lowers Its Sales Forecast; Democrats Prepare for House Control; Free College Degrees Become a New Hiring Tactic

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What’s News Good Morning Here’s what we’re watching as the U.S. business day gets under way: In a rare move, Apple is lowering its sales forecast. Blaming slowing sales of smartphones and other devices in China, Apple CEO Tim Cook said the company now predicts revenue of around $84 billion for the quarter ended Dec. 29, down from its initial projection of between $89 billion and $93 billion. Global stocks slump. Tech-dominated benchmarks in Asia and Europe have fallen and  U.S. futures point to heavy losses this morning following the news.   Border-wall battle drags on. As Democrats prepare to take control of the House later today, President Trump and congressional leaders from both parties showed no sign of progress in resolving the partial government shutdown. Acting chiefs fill Cabinet meeting.  A slew of new faces surrounded Mr. Trump at a Cabinet meeting in which he expounded on a wide range of issues and aire

Trade Jitters Return; Funeral of George H.W. Bush; Mueller Recommends No Jail Time for Flynn

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What’s News Good Morning Here’s what we’re watching as the U.S. business day gets under way: Stocks tumble as trade jitters return. Investors broadly retreated from stocks and bond yields plummeted as doubts over the U.S.-China trade truce renewed anxieties about the pace of economic growth. U.S. stock exchanges are closed today for a national day of mourning for former President George H.W. Bush. U.S. vows tough stance on Beijing.  White House officials said they planned to take a tough stand in their 90-day trade negotiations with China or impose further tariffs. Chinese officials said the talks have a “ clear timeline and road map.”   In a rocky year, cash is a star. U.S. cash and cash equivalents are on track to be some of the best-performing assets in 2018, enticing money managers struggling with a rare synchronized downturn .   Robert Mueller recommends Mike Flynn be spared prison time. The U.S. special coun