The partial government shutdown, which is now entering its 26th day, has exhausted contingency plans and is prompting drastic measures throughout the federal contracting industry, the Wall Street Journal reported.
China’s central bank today pumped a net 560 billion yuan, or $83 billion, into its banking system — a record amount of money injected in one day — in a sign that the economy may be facing enormous stress. (CNBC)
Democrats will get a chance today to grill Trump’s point person on deregulation when Andrew Wheeler goes to Capitol Hill for his confirmation hearing to be the next permanent administrator of the EPA. (USA Today)
* Acting AG Whitaker to testify before Congress (USA Today)
An FBI agent working for Robert Mueller filed a heavily redacted court document aiming to bolster the special counsel’s claim that former Trump campaign chief Paul Manafort repeatedly lied to investigators. (CNBC)
Sen. Kirsten Gillibrand, a New York Democrat, announced she is launching an exploratory committee for a White House run. The senator spent so little during the midterms that she was reportedly left with a $10.7 million war chest. (CNBC)
Sears Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, according to Reuters citing sources, allowing the 126-year-old retailer to keep its doors open.
Snap (SNAP) announced that CFO Tim Stone will be stepping down to pursue other opportunities. It also said it would post results that are “slightly favorable” to the top end of its previous guidance when it reports its earnings. (CNBC)
Microsoft (MSFT) announced it has signed a multiyear deal with Walgreens Boots Alliance (WBA) that includes exploring digital health opportunities within stores and developing software for managing patient engagement. (CNBC)
Apple (AAPL) launched three new smart battery cases for its newest iPhones. They cost $129, and it’s the first time Apple has launched a battery case since the one it first began selling for the iPhone 6/iPhone 6s. (CNBC)
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