Most Read on the Bloomberg Terminal (Last 8 Hours):
U.S. Government Shutdown Extends Into Third Day as Senate Fails to End Impasse (Bloomberg)

Most Emailed on the Terminal: Asia Hedge Fund Startups See Signs of Revival After Slow ’17 (Bloomberg)

Merkel moves forward: As German chancellor Angela Merkel prepares to address the WEF in Davos on Wednesday, her Christian Democrats and their Bavarian allies are coordinating on strategy today that could lead to a grand coalition to begin as soon as Tuesday. Merkel Closes In on Fourth Term with Familiar Coalition Ally (Bloomberg)

Davos update: If things seem too good to be true in the global economy, they probably are, according to some of the investors, Nobel laureates and academics attending the World Economic Forum. The Global Economy is Doing Just Fine, But the Davos Elite is Worried (Bloomberg)

Trump’s first year data check: A year into Donald Trump’s presidency, Bloomberg View looks at 14 metrics to judge his success. Bottom line: he’s doing better than his opponents will admit and worse than his supporters believe. President Trump’s First Year, in 14 Metrics (Bloomberg View)

Repair job ahead: According to the annual Edelman Trust Barometer, the U.S. has fallen to “an Iraq war level of trust” around the world. America Suffers a ‘Trust Crash’ as China Rises (Axios – Mike Allen)

Women on the march in the U.S.: A record number of female candidates are running for office in 2018 for the first time, including 390 who are planning to run for the U.S. House of Representatives. The Other Women’s March on Washington (New York magazine)

Best of Late Night:

Saturday Night Live opened on Saturday with a press conference providing an “unbiased and 100% accurate assessment” of President Trump’s health. Watch here.