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The matter of where and when President Trump will deliver his State of the Union address appears to be settled for now, after an extended face-off with Speaker Nancy Pelosi.
Ms. Pelosi disinvited Mr. Trump from speaking in the House chamber while the shutdown continued. Late yesterday, after talking of making his speech somewhere else, he tweeted a decision to delay:
This is her prerogative - I will do the Address when the Shutdown is over.
Other shutdown developments:
• The Republican-controlled Senate votes today on two partisan proposals to end the shutdown. Neither is expected to advance.
• Treasury Secretary Steven Mnuchin has declined to testify to a House committee about how the shutdown will affect tax refund processing. Senate Democrats also raised concerns about federal employees losing some health benefits and about the Trump administration’s continued work on offshore drilling.
• Most of the 800,000 federal workers going unpaid are unionized, but they’re not speaking with a unified voice. Some labor groups have supported the shutdown, but aviation unions called it an “unconscionable” safety threat and said they could not “predict the point at which the entire system will break.”
• Companies like Boeing are beginning to fear long-term effects on business. Others are trying workarounds as the absence of securities regulators stalls the I.P.O. market.
• Lara Trump, a daughter-in-law of the president, drew criticism for her description of the shutdown as “a little bit of pain” and a worthy “sacrifice” for federal employees.
Today’s DealBook Briefing was written by Andrew Ross Sorkin in Davos, Switzerland; Stephen Grocer in New York; and Tiffany Hsu and Gregory Schmidt in Paris.
Economists, some of them working for the Trump administration, have plenty to worry about, including the shutdown, slowing growth in major economies, tensions over tariffs and hesitation from consumers.
But executives from Wells Fargo, AT&T and elsewhere are opting for optimism, predicting strong revenue growth and a trade deal with China, write Emily Flitter and Jim Tankersley.
Some recent news seems to be on the economists’ side:
Commodity traders fear futures: Risks associated with political uncertainty have driven traders to near-term contracts for oil, soybeans and wheat.
“A new Cold War”: Tyler Cowen of Bloomberg writes that the U.S. and China are “carving out separate economic and political orders,” marked by a “collapse of trust” that could lead to a bidirectional blockade on travel and investment.
Car trouble: Tariff costs and sputtering demand led to skidding overseas sales at Ford and at Hyundai, which posted its first quarterly net loss in at least eight years.
The world’s business elite, gathered at the World Economic Forum in Davos, Switzerland, appeared to agree that economic growth was slowing. But CNBC got a range of outlooks when asking about the possibility of a global recession.
Jamie Dimon, the chief executive of JPMorgan Chase, said only geopolitical worries could stop the U.S. economy from sailing ahead. “They’re kind of buoys in the water in front of that ship,” he said. “Eventually that may very well cause a slowdown or a recession.”
Ray Dalio, the founder of Bridgewater Associates, said recession was now a “significant risk.” “It’s going to be globally a slow-up,” he said. “It’s not just the United States; it’s Europe; and it’s China and Japan.”
Steve Schwarzman, the Blackstone chairman and chief executive, was more optimistic. “I don’t see any recession,” he said. “Consumer confidence is down a little bit, which I think comes from some of the dysfunction, but they are still spending a lot of money.”
More news from Davos: China’s vice president, Wang Qishan, acknowledged that Beijing faced some risks, but brushed off widespread economic fears. “There will be a lot of uncertainties in 2019, but one certainty is that China’s growth will continue and be sustainable,” he said. Leaders from Japan, China, Germany and South Africa spoke in favor of international oversight for technology companies, but without a consensus on the details.
The chairman of the Chinese telecommunications firm Huawei said it was being unfairly targeted by espionage claims without any proof. But the WSJ, citing unnamed sources, says the U.S. believes that the company’s close ties to the Chinese government and the importance of the telecom equipment it supplies already make clear that it’s a security threat.
Huawei’s defense: China says it has no rule that forces its tech companies to install back doors in their products, and legal experts say its data-sharing requirements, though broad, apply only to networks inside the country.
U.S. concerns: Huawei has no choice but to obey the Chinese government, officials contend, and its potential usefulness for spying has grown as wireless providers upgrade equipment to prepare for 5G networks.
Other Huawei news: Canada’s ambassador to China spoke of “strong arguments” against extraditing one of the company’s executives to the U.S. Huawei could become the world’s biggest smartphone seller this year even without the U.S. market. It has been promised fair treatment by the prime minister of New Zealand. But its donations will no longer be accepted by The Prince’s Trust, the charity founded by the Prince of Wales.
Kenneth Griffin, the billionaire founder of the Citadel hedge fund, closed on a New York penthouse for roughly 8 million, the highest price paid for a home in the U.S. At nearly 24,000 square feet, the unit is a combination of two apartments at 220 Central Park South, a tower being developed by Vornado Trust Realty.
Mr. Griffin has made a string of similar record-breaking acquisitions, including in Chicago, Miami Beach and London.
Carlos Ghosn, in jail awaiting trial on financial misconduct charges in Toyko, has now resigned as chairman and chief executive of Renault, according to France’s finance minister. (NYT)
Under Armour has hired Tchernavia Rocker, a former Harley-Davidson executive, to run its H.R. with the title of chief people and culture officer. (Baltimore Sun)
Restaurant Brands International named Jose Cil, the president of its Burger King brand, as chief executive, replacing Daniel Schwartz. (FT)
Mike Joo, Bank of America’s head of global rates and currencies origination, will become operating chief as David Glaser retires. (Reuters)
• Some of the largest private equity groups in the U.S. and Europe are preparing bids for the owner of Mergermarket, a financial information service. (FT)
• Tencent and two private equity firms, Hillhouse Capital and KKR, are said to be considering bids to acquire a stake in the gaming company Nexon. (Bloomberg)
• Hulu is raising the price of its live TV service, while lowering the price of a basic subscription. (WSJ)
• Video game revenue is facing its first decline since 1995, with sales expected to fall by 1 percent to 6.5 billion this year, according to a top industry analyst. (Bloomberg)
• Verizon Media Group, formerly known as Oath, is said to be laying off 800 people, 7 percent of its work force. (CNBC)
• Microsoft’s Bing has been blocked in China, reportedly because of an accidental technical error. (Bloomberg)
• Apple laid off more than 200 workers from its autonomous vehicle unit, Project Titan. (CNBC)
• The places where artificial intelligence will affect the most jobs are in the Midwestern states that voted for President Trump, a Brookings report finds. (Reuters)
• Boeing said its flying car prototype stayed briefly airborne during a test. It’s in a race with Airbus and others over the technology. (Reuters)
Politics and policy
• Michael Cohen indefinitely postponed plans to testify before Congress, citing verbal attacks from his former client President Trump. (NYT)
• Joe Biden earned 0,000 for a speech in October praising a vulnerable Republican House member in Michigan. The congressman, Fred Upton, won re-election. (NYT)
• President Emmanuel Macron’s tax proposals would most benefit France’s wealthiest, a new analysis found. (FT)
• President Trump formally recognized Juan Guaidó as the interim president of Venezuela, prompting Nicolás Maduro, who was sworn in for a second term on Jan. 10, to demand that American diplomats leave the country. (NYT)
Best of the rest
• BuzzFeed plans to lay off 15 percent of its employees: around 200 people in the international and web content departments, including news. (NYT)
• Sony will move its European headquarters to the Netherlands from Britain to avoid customs issues after Brexit. (BBC)
• Airbus said its plants in Britain might not survive a no-deal Brexit, and that the country’s whole aviation industry stood “at a precipice.” (CNN)
• David Einhorn explained in a letter why his hedge funds lost more than a third of their value last year. (CNBC)
• U.S. oil exploration and production companies have sharply cut back their capital raising as crude prices have fallen. (FT)
• PG&E said it could cost up to 0 billion to obey a judge’s order to inspect its power grid and deal with wildfire risks from nearby trees. (Reuters)
• The Singapore investment giant Jardine Matheson briefly lost billion in market value because of what traders speculate was a “fat finger” error. (Bloomberg)
• Lawyers are seeking up to 6.5 million from Fiat Chrysler in a settlement over excess emissions from its diesel vehicles. They said their case involved more than four million pages of documents and nearly 100 depositions. (Reuters)
• To help relieve pressure on South Africa’s medical system, patients with H.I.V., hypertension and diabetes can access drugs through A.T.M.-style self-serve dispensaries. (FT)
• Walmart wants to hire hundreds of truckers, offering them an average of ,500 a year, predictable schedules and set time off. (CBS)
• A U.S. appeals court ruled that a federal law prohibiting age bias in employment does not apply to outside job applicants. (Reuters)
• Chinese automakers have struggled to succeed in the U.S. Their next hope is a ,000 electric pickup truck. (Bloomberg)
• Movie theaters sold 1.3 billion tickets in the U.S. last year, setting a box-office record of .9 billion in revenue. (Bloomberg)
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上期开蛇下期必开生肖“【还】【是】【我】【来】【教】【你】【吧】！” 【她】【还】【没】【说】【话】，【他】【的】【手】【身】【子】【和】【手】【就】【过】【来】【了】。 【他】【前】【胸】【紧】【紧】【的】【贴】【在】【她】【的】【背】【部】，【脸】【的】【部】【位】【刚】【好】【放】【到】【她】【脖】【子】【处】，【只】【要】【一】【喘】【气】，【就】【能】【感】【受】【到】【他】【的】【气】【息】。 【下】【意】【识】【的】，【白】【语】【瑶】【脸】【红】【了】。 【他】【那】【强】【而】【有】【力】【的】【大】【手】【更】【是】【握】【住】【了】【她】【的】【小】【手】，【把】【她】【的】【小】【手】【包】【围】【的】【紧】【紧】【的】。 【白】【语】【瑶】【甚】【至】【感】【觉】【到】【自】【己】【的】【心】【跳】【是】
【成】【大】【夫】【人】【的】【心】【里】【面】【早】【对】【这】【个】【侄】【女】【失】【望】【了】，【可】【是】【她】【想】【着】【成】【家】【那】【些】【出】【嫁】【了】【的】【和】【不】【曾】【出】【嫁】【的】【小】【女】【子】【们】，【她】【还】【不】【得】【不】【在】【成】【氏】【的】【身】【上】【多】【花】【一】【些】【心】【思】。 【成】【大】【夫】【人】【只】【能】【够】【苦】【口】【婆】【心】【把】【这】【内】【里】【的】【一】【些】【道】【理】，【她】【揉】【搓】【碎】【了】【后】【跟】【成】【氏】【细】【细】【的】【说】【了】【起】【来】，【成】【氏】【听】【成】【大】【夫】【人】【的】【话】，【她】【是】【满】【脸】【震】【惊】【后】，【又】【一】【脸】【哑】【然】【神】【情】【瞧】【着】【成】【大】【夫】【人】。 【她】【过】【了】
【长】【江】【网】11【月】10【日】【讯】（【记】【者】【付】【莎】 【通】【讯】【员】【彭】【婧】）9【日】【晚】7【时】【许】，【市】【民】【夏】【女】【士】【致】【电】【长】【江】【网】【感】【谢】【四】【星】【出】【租】【车】【公】【司】【鄂】A9W51【的】【哥】【主】【动】【归】【还】【两】【部】【手】【机】，【并】【转】【达】【丈】【夫】【对】【这】【位】【细】【心】【的】【哥】【的】【拾】【金】【不】【昧】【行】【为】【的】【称】【赞】。上期开蛇下期必开生肖【小】【野】【猫】，【还】【想】【用】【爪】【子】【挠】【他】！【只】【可】【惜】，【指】【甲】【不】【够】【长】！【呵】【呵】…… “【大】【哥】，【呵】【呵】，【呵】【呵】……”【风】【倾】【颜】【傻】【傻】【地】【笑】【了】【笑】，【表】【情】【有】【些】【不】【自】【然】。【手】【上】【用】【着】【力】，【叫】【着】【劲】，【这】【面】【部】【的】【肌】**【也】【随】【之】【微】【微】【扭】【曲】【着】。 【这】【俩】【人】……【风】【云】【奇】【着】【实】【很】【无】【语】。 “【妹】【妹】【调】【查】【那】【个】【叫】【素】【娘】【的】，【要】【做】【什】【么】？” “【啊】？”【风】【倾】【颜】【的】【注】【意】【力】，【也】【在】【手】