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In a surprise move, House Republicans on Monday voted to strip the Office of Congressional Ethics of its power with no notice. After Democrats, government watchdog groups, and even President-Elect Donald Trump criticized the move, Republicans reversed course. But the move shows a concerning chism between what Mr. Trump promised voters and what House Republicans are actually pursuing. Should Republican voters be worried? What exactly is the OCE and why would House Republicans want it gone?
Read The Capitalist’s Take Here
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FORD CANCELS MEXICO PLANT AFTER BEING CRITICIZED BY TRUMP; WILL INCREASE PRODUCTION IN MICHIGAN INSTEAD
Ford Motor said on Tuesday that it was canceling plans to build a $1.6 billion plant in Mexico and would instead invest $700 million to increase production in Michigan. Ford had come under heavy criticism from Donald J. Trump during the election campaign for plans to expand production in Mexico
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TESLA MOTORS MISSES DELIVERY GUIDANCE; SHARES TUMBLE
Tesla Motors Inc. reported deliveries that fell short of its forecasts, sending shares lower in after-market trading, as production delays continue to plague the carmaker led by Chief Executive Officer Elon Musk. The Palo Alto, California-based maker of electric cars and energy-storage products delivered about 22,200 vehicles in the fourth quarter, according to a statement Tuesday. The total trails the 25,000 units projected for the period and brought the company’s full-year total to 76,230 vehicles, below guidance for at least 80,000 units…
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Closing Bell
– Tuesday, January 3rd
Markets Open 2017 with Solid Gains as Crude Slips Lower
Big Insider Trades
– Carnival plc (CUK) CEO Stein Kruse Sells $3m
-Spark Energy, Inc. (SPKE) Director Keith Maxwell Buys $200k
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