Stocks to fall, retailers cut iPhone prices, Shutdown enters Day 21


President Donald Trump teased the possibility of declaring a national emergency to build a wall without congressional approval. He argued he has an “absolute right” to do so, but the move would likely face a challenge in the courts. (CNBC)

* Trump cancels trip to Davos amid standoff over shutdown (CNBC)

Michael Cohen, the former personal lawyer for Trump, agreed to testify publicly before the House Oversight and Government Reform Committee in February — a month before beginning to serve a three-year prison sentence. (CNBC)

The U.S. has begun withdrawing its troops from Syria today, a first step in Trump’s plan to remove American forces from one of the Middle East’s most complex battlefields. (NY Times)

Sen. Bernie Sanders apologized to women who were “harassed or mistreated” while working on his 2016 presidential campaign, after a series of sexual harassment allegations against top male campaign staffers. (CNBC)

* Bernie Sanders introduces bill aimed at prescription drug costs (CNBC)

Retailers in China are cutting iPhone prices there as Chinese consumers say the devices aren’t worth the cost. That comes as the top-of-the-line Apple (AAPL) smartphones have posted poor China sales on what experts say are too-high. (CNBC)

* Apple plans new LCD iPhone this year despite XR’s stumble (WSJ)

Polish authorities charged the sales director of Huawei Technologies’ local office, a Chinese national, for allegedly conducting high-level espionage on behalf of a Chinese spy agency. (WSJ)

IMDb, the film and TV website owned by Amazon (AMZN), is launching a free streaming video channel that will be available in the U.S. on its website and Amazon Fire TV devices. (CNBC)

Slack Technologies, which operates a popular workplace instant-messaging and collaboration app, is planning to go public through a direct listing, according to the Wall Street Journal, citing people familiar with the matter.



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