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Frontrunning: January 30

  • Trump aides call travel ban success despite broad criticism (Reuters)
  • Trump’s Immigration Ban Promises Constitutional Showdown (BBG)
  • Trump Team Kept Plan for Travel Ban Quiet (WSJ)
  • Trump Era May Mean Fireworks on Fed Days (BBG)
  • Bannon Seizes a Security Role From Generals (NYT)
  • Don't let Trump embarrass our queen, say a million Britons (Reuters)

Global Stocks, Futures Slide On US Protectionism Worries Following Trump Travel Chaos

European, Asian stocks and S&P futures all drop after traders were left with a sour taste from the potential fallout of Donald Trump’s order halting some immigration and ahead of central bank decisions from the U.S. and Japan.  Markets in Hong Kong, China, Malaysia, Korea, Singapore, Taiwan and Vietnam are all shut due to the Lunar New Year public holiday.

Homeland Security Official: "Nobody Has Any Idea What Is Going On"

The State Department and Customs and Border Patrol were still devising the formal rules for who is eligible for waivers from Trump's refugee and travel ban. The Trump administration also has yet to issue guidance to airports and airlines on how to implement the executive order. "Nobody has any idea what is going on," a senior Homeland Security official told NBC News.

China Deploys ICBM System "In Response To Trump's Provocative Remarks"

Beijing has deployed advanced Dongfeng-41 ICBMs in China's Heilongjiang Province according to Chinese media reports based on images, possibly leaked to coincide with Donald Trump’s inauguration as US president. According to Chinese media, "this is Beijing's response to Trump's provocative remarks on China."

Why Barclays Downgraded Apple

In an unexpected breach from the herd of sellside optimism, this morning Barclays downgraded Apple to Equal Weight from Overweight, putting some pressure on the stock which was down modestly in the premarket. This is what Barclays said to justify its contrarian view on the world's largest company.

80% Of Central Banks Plan To Buy More Stocks

Invesco recently released a report on central-bank investment polling 18 reserve managers around the globe. It found that 80% planned to buy more stocks in the future.

Visualizing The Global War On Cash

There is a global push by lawmakers to eliminate the use of physical cash around the world. This movement is often referred to as “The War on Cash”, and there are three major players involved...

Apple Sues Qualcomm For $1 Billion

Apple sued its mobile chip supplier Qualcomm for $1 billion, saying Qualcomm has been "charging royalties for technologies they have nothing to do with." The suit follows a US FTC lawsuit against Qualcomm earlier this week over unfair patent licensing practices.