Most Read on the Terminal (Last 8 Hours):
Trump Marks Second Year with Asia Tariffs World Has Feared (Bloomberg)
Hours after President Trump imposed tariffs on imported solar panels and washing machines, the 11 remaining members of the Pacific trade pact abandoned by Trump agreed on a revised agreement with the aim of signing the deal by early March. TPP Members Reach Agreement After Trump Ditches Deal (Bloomberg)
While Trump’s first major trade move as president aims to protect the $5.1 billion U.S. washing machine market, American shoppers may see higher prices and workers could be affected if foreign appliance makers scale back production plans in the U.S. How Asian Giants Can Counter Trump’s Washing Machine Tariff (Bloomberg)
Mike Bloomberg urged the U.S. Congress to overturn the Trump administration’s decision to impose tariffs on imported solar panels. Mike Bloomberg: Trump’s solar tariff will ‘destroy US jobs’ and raise electric bills, hurt environment (CNBC)
CEOs for 2020: Mike Bloomberg and other business leaders including Bob Iger, Terry Duffy and Sheryl Sandberg should be seriously considered for president in 2020, writes former U.S. agriculture secretary and former congressman from Kansas, Dan Glickman. Voters Should Consider a Good Business Leader for President (The Hill)
The U.S. dropped out of the top 10 countries in the Bloomberg Innovation Index for the first time in six years the gauge has been compiled. South Korea and Sweden remained on top at No. 1 and No. 2 based on seven criteria including spending on research and development and concentration of high-tech public companies. Singapore Soars Up Innovation Rankings, U.S. Falls Out of Top 10 (Bloomberg)
Headlines from Davos:
Bank Bosses Concerned about Market Complacency (Bloomberg)
Europe Poised for Leading Trade Role After Revival (Bloomberg)
Europe and Draghi Reap Davos Praise for Return of Economic Mojo (Bloomberg)
Elon Musk is sending his midnight cherry Tesla Roadster into space playing David Bowie’s Space Oddity, seriously. SpaceX’s Big Rocket, the Falcon Heavy, Finally Reaches the Launchpad (New York Times)
Best of Late Night:
Stephen Colbert noticed that President Trump tweeted on Monday that he was “working hard,” just after mentioning the positive coverage he was receiving on Fox News.
@realDonaldTrump – Thank you to Brad Blakeman on @FoxNews for grading year one of my presidency with an “A”-and likewise to Doug Schoen for the very good grade and statements. Working hard!
“Mr. President, you can’t start a tweet talking about watching Fox News, then end by saying you’re ‘working hard.’ You’re watching TV — you just said so! What’s next? ‘Just ate three cheeseburgers and a Filet O’ Fish. Dieting hard!’ ” — Stephen Colbert