DealBook Briefing: Slow Growth Weighs On The Markets

Democrats, who have refused to negotiate until the government is reopened, rejected a proposal from President Trump on Saturday to exchange temporary protections for some immigrants for $5.7 billion for a border wall. Chuck Schumer, the Democratic leader in the Senate, called it “hostage taking.”

In response, Mr. Trump complained that Speaker Nancy Pelosi has behaved “irrationally,” and then took a shot at San Francisco, which she represents. The bulk of Republican senators have fallen in line behind his proposal, and Senator Mitch McConnell, the majority leader, is said to be incorporating the terms into a broader package.

Mr. Trump’s behavior feels familiar, write Russ Beuttner and Maggie Haberman:

As he did during decades in business, Mr. Trump has insulted adversaries, undermined his aides, repeatedly changed course, extolled his primacy as a negotiator and induced chaos.

More shutdown news:

• Companies unable to finalize approval for initial public offerings are trying to move ahead with workarounds.

• Hours before the shutdown began, Mr. Trump signed a bipartisan criminal justice bill. Implementation is likely to be delayed.

• The stock market is one of Mr. Trump’s favorite indicators of his administration’s success. But at times, the going’s been bumpy.

After her Brexit plan was defeated, Prime Minister Theresa May returned to Parliament yesterday with a Plan B. It looked a lot like Plan A, writes Stephen Castle, setting the stage for another battle with rebellious lawmakers.

The proposal: Mrs. May promised to negotiate changes that many regard as cosmetic.

The strategy: She appeared to double down on her gamble that lawmakers will eventually hold their noses and vote for her plan, rather than risk a no-deal Brexit or no Brexit at all.

Source :

DealBook Briefing: World Economic Forum Begins With a Warning
Markets Live: ASX gains slow through the afternoon
Q4 Preview: Earnings growth more elusive going forward as headwinds weigh on estimates (SPY)
After Strong Week, Market Comes Under Pressure From China As Earnings Begin
10-year Treasury yield falls to 11-month low amid global growth jitters
Risks rise as China's exports slump
The Daily 202: ‘The last election was a wake-up call.’ Why GOP leaders are turning on Steve King.
Greece worries weigh on U.S. stocks
Tax hike delay signals Japan giving up on fiscal reform
DealBook Briefing: Feeling the Bite of the Government Shutdown