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Intelligence Community Testifies On "Russian Hacking" Allegations - Live Feed

At 9:30 AM the "Russian hacking" narrative will take center stage before a hearing of the Senate's Committee on Armed Services which is chaired by John McCain.  The witnesses appearing before the committee will include James Clapper, the Director of National Intelligence, Marcel Lettre, Under Secretary of Defense for Intelligence, and Admiral Michael Rogers, Commander, United States Cyber Command.  Will we final get some tangible evidence of "Russian hacking" or just more political rhetoric?

Frontrunning: January 4

  • Trump Tariff on GM Would Violate NAFTA. That May Not Stop Him (BBG)
  • Obama Tries to Save Parts of Health Law Amid GOP Attack (WSJ)
  • Trump Puts Auto Makers, Trade Policy in Spotlight (WSJ)
  • British consumers borrow at fastest rate in 11 years as inflation threat rises (Reuters)
  • Investment banking fees fall 7 percent in 2016 dragged down by equity raisings (Reuters)

Senate Begins Process To Repeal Obamacare

Moments ago, the Senate Budget Committee Chairman Mike Enzi released a 2017 budget resolution setting up the process to partially repeal Obamacare early in President-elect Donald Trump’s administration. The Senate will consider the bare-bones budget on the floor starting this week with votes expected next week.

Megyn Kelly Leaving Fox News For NBC

Trump is on a roll: having dispatched of Ford's Mexican facility plans, followed shortly by the GOP's proposal to overhaul the independent Ethics office just just a handful of tweets, moments ago the NYT reported that Trump's old Fox News nemesis, Megyn Kelly is leaving Fox to join NBC.

2017 Starts Off With A Bang: US Futures, Oil Jump On Upbeat China Data; Europe Enters Bull Market

Rumors of the Trumpflation rally's death have been greatly exagerated, and not only is the Dow 20,000 back on the radar, following a 124 point surge in Dow futures, bringing the "key psychological level" back within 100 points, but European stocks rose for a third day and entered a bull market, rising 20% from theor lows set last February, following strong Chinese manufacturing and services PMI data.

Assange To Hannity: "Our Source Is Not The Russian Government"

HANNITY: Can you tell the American people 1,000% that you did not get it from Russia or anybody associated with Russia?
JULIAN ASSANGE: Yes. We have said repeatedly that our source is not the Russian government and it is not a state party.