Thursday, January 31

ByKevin Sheekey

Outfoxed: Foxconn Scraps Plan to Build Factory in Wisconsin Once Touted by Trump as “8th Wonder of the World”; Hiring White-Collar Workers Instead (Washington Post)

Foxconn’s Plans for Wisconsin Plant Were Never Viable (Bloomberg Opinion – Tim Culpan)
The economics of building display panels in the state would never work. Any agreement was mostly a political exercise.

U.S. Jobless Claims Hit One-Year High Amid Shutdown (Bloomberg)

2020 Watch: Is There Room in 2020 for a Centrist Democrat? Maybe One or Two (New York Times)
“We believe that there is a clear and sufficiently wide lane for a pragmatic candidate, and that the progressive lane is really crowded,” Bloomberg adviser Howard Wolfson said. “The pragmatic lane is relatively free.”

Intelligence Update:
-Angry Trump Pushes Back Against His Own ‘Naive’ Intelligence Officials
(New York Times)
-Sen. Chuck Schumer Urges Top U.S. Intelligence Official to Stage Intervention with Trump – “Educate Him” (Politico)

Polar Vortex: Trump always dismisses climate change when it’s cold. Not so fast, experts say. (Washington Post)

Brexit Moves: Barclays May Transfer 5,000 Clients to Ireland in $217 Billion Brexit Move (Bloomberg)

Finance Today:
-Deutsche Bank Is Said to See Mid-Year Merger If Turnaround Fails (Bloomberg)
-Chinese bonds to be included in the Bloomberg Barclays Global Aggregate Index Starting in April (Caixin)
Read Bloomberg’s press release here.

Travel Today: Millions of Chinese Begin Annual New Year’s Exodus to Welcome Year of the Pig (Channel News Asia)
In photos.

First on the Bloomberg:
-Apple Is Planning 3-D Cameras for New iPhones in Augmented Reality Push

A Spotify for News Video: Bloomberg’s TicToc Expands out of Twitter with Own Site at Tictoc.Video (Axios)

NYC Metro Section: Don’t wait for the Mayor, Staten Island Chuck, He won’t be coming to the Groundhog Day Ceremony on Saturday (Staten Island Advance)

Best of late night.

On the Polar Vortex bringing record breaking low temperatures to the U.S. midwest:

“This weather is messing up everything. Amtrak is canceling services in some areas. Yeah, in other words, Amtrak is not affected.”
— Conan O’Brien

“Today the polar vortex brought the coldest temperatures in 20 years to parts of the Midwest. Midwesterners were so upset, they almost started cursing. ‘Gosh darn it! It’s flipping freezing!’”
— Jimmy Fallon

“Railroad tracks in Chicago were set on fire today in order to keep trains running smoothly — while in New York, we have no idea why our train tracks are on fire.”
— Seth Meyers

For more best of late night from the New York Times, click here.

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