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America’s new Congress convenes, Chinese consumers tighten their belts and Turks vote with their feet. Here’s the latest:
Representative Nancy Pelosi was elected as speaker of the House, the only woman to hold the post.
Hours before the vote, Ms. Pelosi suggested in an interview that a sitting president could be indicted and left open the option of impeachment, kicking off what could shape up to be a memorable term. Follow the day’s developments live here.
What else is on the agenda in Washington: The House Democrats will vote on two bills to reopen the federal government, which has been partly shut down since late December. But their fates in the Republican-controlled Senate are uncertain.
Meet the new freshmen: The class is best described in superlatives — it is the most racially diverse group ever elected to the House, and it includes a historic number of women.
News that Apple was cutting its revenue forecast for the first time in 16 years because of poor iPhone sales in China rippled through stocks around the world .
Apple’s weakness follows reams of other data suggesting that worries about the trade war, personal debt and China’s own economy are persuading the country’s consumers to tighten their belts.
Why it matters: Shrinking demand would have a big impact on a world looking for engines of growth, on companies — domestic and international — that counted on China’s continuing expansion and on global investors who have long viewed China as a steady source of profits.
Another angle: What should you do about the falling stock market? Take a nap, writes our senior economics correspondent .
Much of the world is hailing the first landing of a space probe on the far side of the moon as a huge leap in space exploration .
Here’s the latest — including that in China, the news wasn’t even among the four top stories on the most-watched TV news program.
In interviews, several people said they paid little attention to the landing of Chang’e-4 (named for the moon goddess in Chinese mythology). Some worried about the cost.
“The economy is bad,” said one woman.
