Today's Intel

Jan. 11, 2018

BLOOMBERG

President Donald Trump on Wednesday reiterated his stance that he would not sign a deal to protect young immigrants from deportation if it doesn't include funding for a border wall.

California Republican Darrell Issa said Wednesday he won't seek re-election this year, bringing the number of House GOP members who have left or are leaving in this election cycle to 38. That's more than double the number of House Democrats -- 16 -- who are leaving this year, underscoring the difficult political conditions Republicans face ahead of the 2018 midterm elections.

The Trump Administration moved Thursday to allow states to impose work requirements on their Medicaid programs for the first time, the latest alteration of the nation's health-care system through administrative action after Republican efforts to repeal Obamacare failed last year.

Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

U.S. wholesale prices fell in December for the first time in more than a year on declining costs for services, a potential sign that inflation pressures are easing in the economy. Producer-price index fell 0.1% m/m (est. 0.2% rise) after 0.4% gain the previous month; first decline since Aug. 2016.

MoneyGram International Inc. climbed the most in 10 months after saying it was working with blockchain startup Ripple to test the use of its digital currency to move funds.

The world's biggest cryptocurrency exchange keeps getting bigger. Hong Kong-based Binance.com is adding "a couple of million" registered users every week, with 240,000 people signing up in just an hour on Wednesday. Demand is so high that the company is limiting new customers, though Binance may fully reopen in the coming weeks.

Canadian government officials said there's an increasing likelihood U.S. President Donald Trump will give six months' notice to withdraw from NAFTA, dragging down the loonie, yields on government bonds and Mexico's peso.

U.S. filings for unemployment benefits unexpectedly rose to a three-month high last week during a holiday period when claims tend to be volatile, Labor Department figures showed Thursday. Jobless claims increased by 11k to 261k (est. 245k), highest since week ended Sept. 23, when filings were elevated due to hurricanes

AP Top Stories

The suicide of a 14-year-old girl who was once the face of iconic Australian outback hat maker Akubra has left the nation shocked. Her grieving family has launch a campaign to raise awareness of cyberbullying.

In a dramatic crackdown, immigration agents arrived unannounced at nearly 100 7-Eleven stores across the country before dawn Wednesday, interviewing employees and managers, serving audit notices and arresting 21 workers.

Cambodia and China signed 19 aid and investment pacts on Thursday in the latest sign of their strengthening relationship as Cambodia turns further away from Western donors.

Israeli intelligence has helped stop terrorists from using civilian aeroplanes in Europe to carry out major attacks "of the worst kind", Benjamin Netanyahu said Tuesday.

The U.S. State Department issued a travel warning advising Americans to avoid five states in Mexico, putting the regions at the same level of danger as war-torn Syria, Yemen, and Somalia.

Saudi-led coalition air strikes on a marketplace and house in rebel-held northern Yemen have left at least 14 people dead, witnesses and a rebel-run news agency said Thursday.

Boeing on Wednesday unveiled a prototype for an unmanned electric vertical-takeoff-and-landing cargo air vehicle (CAV) that the plane maker said will be used to test it's autonomous technology.

New York announced plans Wednesday to sell off $5 billion in fossil fuel investments from city pension funds after suing for billions of dollars in damages from oil companies to help fund protection against climate change.

BBC

Japan has summoned the Chinese ambassador in Tokyo, after a Chinese frigate sailed near disputed islands in the East China Sea.

A senior adviser to the European Union's top court has backed a Romanian gay man's right to have his US husband live with him in Romania. EU countries should recognize the right of all spouses to residency even if they do not allow gay marriage, according to the advocate general for the European Court of Justice.

Hundreds of rescuers are combing wreckage in Southern California for those missing after mudslides that have killed 17. Another 28 injuries have been reported in Santa Barbara County following the deluge that overwhelmed an area scorched by wildfires last month. More than 100 homes were destroyed, and another 300 have been damaged.

One of America's largest retirement villages will have a fleet of self-driving taxis introduced next year. US firm Voyage said it will start rolling out the service at The Villages, Florida which is home to 125,000 senior residents.

A mass burial of more than 70 people is under way in Nigeria's central Benue State. Dozens have been killed in conflicts between nomadic herdsmen and farming communities in three states - Benue, Nasarawa and Taraba - in recent weeks.

WND

A local church in Christian predominant state of Mizoram India, has announced cash incentives for couples who have four or more babies. The Lunglei Bazar Veng Baptist Church has recently announced Rs 4,000 for the fourth baby, Rs 5000 for the fifth and so on.

The military veterans playing cards in the Albany County jail wear the same orange uniforms as everyone else, with "INMATE" printed down the legs. But their service offers one distinct privilege: a special cellblock where they can work through problems they often share, such as substance use and post-traumatic stress disorder.

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