Julián Castro drops out of the 2020 presidential race. U.S. stock markets rallied in Thursday morning trading after China announced monetary policy loosening to encourage lending. U.S. CEOs say a recession is their biggest concern going into 2020. J.R. Whalen reports.
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Midday Brief for Thursday, January 2nd

The top business headlines from The Wall Street Journal, three times daily. Whether it’s the latest on overseas markets, economic news out of Washington or closing numbers from Wall Street, you'll be in the know in a flash.

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Plus: Chip stocks drag the Nasdaq down. Alaska Airlines shares rise 4% after reporting a smaller-than-expected earnings loss. J.R. Whalen reports.

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Netflix Added 9.3 Million Subscribers in Latest Quarter

Plus: Mortgage rates top 7%. Google fires employees who protested against the company’s cloud-computing contract with the Israeli government. Germany detains two German-Russian nationals on suspicion of spying for Moscow. J.R. Whalen reports.

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Home Sales Fall By Fastest Rate in 16 Months

Plus: House Republicans revise their bid to ban or force the sale of TikTok in the U.S. And, the artificial intelligence boom boosts TSMC’s bottom line. Kate Bullivant hosts.  



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Biden Administration Reimposes Venezuelan Oil Sanctions

Plus: Travelers shares fall 7.4% after the property and casualty insurer issued a disappointing quarterly earnings report. United Airlines shares rise 17% after the carrier reported a  jump in Q1 revenue. J.R. Whalen reports.

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Nvidia Shares Drop 3.8% as Markets Decline

Plus: Columbia University President Nemat “Minouche” Shafik tells Congress the school is doing everything it can to confront antisemitism on campus. Tesla’s board asks shareholders to again approve CEO Elon Musk’s multi-billion dollar pay package. J.R. Whalen reports.

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Midday Brief for Thursday, January 2nd

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