Four Dead, More Than 20 Injured After Driver Ploughs Into Melbourne Pedestrians

In what may be the latest ISIS-inspired instance of vehicular terrorism, a man deliberately slammed into pedestrians near a shopping mall in Melbourne, Australia, killing four and injuring more than 20. While the police have said the incident was not terrorism-related, according to some eyewitness reports the driver was yelling "Allah Akbar" as he was driving.

Frontrunning: January 20

  • How Trump Aims to Broadly Reshape Policy (WSJ)
  • Trump Calls for Unity at Opening Concert as Inaugural Festivities Begin (NYT)
  • Trump Takes the Reins of a Deeply Divided Nation (BBG)
  • Washington braces for anti-Trump protests, New Yorkers march (Reuters)
  • After the Parties, a Protest for the Ages (WSJ)

Full Calendar Of Today's Washington Events

With markets focused on today's events in Washington, culminating with Trump's inaugural speech, here’s a look at the key scheduled events for Friday, Jan. 20.

S&P Futures, Dollar Rise As World Awaits Trump Inauguration Speech

"All eyes will be on the content and style of Trump's inauguration speech," Morgan Stanley's Hans Redeker wrote in a note.  "The more 'Presidential' this speech comes across, the better the outcome for markets." And as BonY added, "If Trump ramps up the rhetoric the market will be concerned about building long dollar positions."

5 Territorial Disputes To Watch For In 2017

For several places around the world, 2017 could be a watershed year, as various territorial disputes threaten to boil over amidst a climate of global uncertainty.

In Last Farewell, Russia Slams Obama Whose "Dumb" Actions "Claimed Tens Of Thousands Of Lives"

"Everyone is aware that the United States has always tried to" steer" almost all global processes, brazenly interfering in the internal affairs of various countries and waging multiple wars on foreign soil. Iraq, the Arab Spring, Ukraine, and Syria are just a few examples. We can still see their consequences, which range from the complete collapse of the political systems in these countries to wars which claimed tens of thousands of lives."

Dear Europe, Trump's Just Not That Into You

"Guys! You lost! You lost big. Get a grip. It’s a different world out there. Adapt accordingly or fade away. Something tells us the adaptation process will prove too much for most of Europe’s current leaders. That will necessarily mean that most won’t be leaders for long."

Trump Versus The CIA

"The CIA is a sitting duck for Trump. He has every reason to abolish the agency that has traditionally operated on behalf of narrow interests. There is no reason for Trump to tolerate spurious charges against him by the CIA. At best the CIA is incompetent. At worst the agency is complicit in, or organizer of, terrorist events."

"He Wants To Be Emperor" – How Mark Zuckerberg Is Scheming To Become President

"Increasingly, a number of influential people in Silicon Valley seem to think that Mark Zuckerberg will likely run for president of the United States one day. And some people, including myself, believe that he could indeed win. “He wants to be emperor” is a phrase that has become common among people who have known him over the years."

Chinese Investors Exit Bitcoin, Flood Into Gold ETFs

Amid a weakening yuan and a tumbling Bitcoin (amid crackdowns on 'virtual' capital outflows from China), Chinese money is moving to bullion as investors seek an alternative to the 'managed' fiat paper offered by the PBOC. In the week through Monday, China attracted $52 million, the biggest inflow into commodity-linked exchange-traded funds of all countries tracked by Bloomberg.