Here’s what you need to know to navigate the markets on Monday.
• Stocks look set for a mild first trading day of the week, with U.S. equity futures mixed on Sunday night. Dow Jones Industrial Average futures were nearly flat, down just 10 points, while S&P 500 and Nasdaq Composite futures were both down less than 0.1%. The coming week brings the start of fourth quarter earnings season, with the big banks in their traditional early spot, with
all reporting on Friday. Also on Friday, investors will get an indication of the strength of this holiday season as the Census Bureau reports retail sales data from December. The report is expected to show a 0.4% rise.
informed Parler, a social network that has become a favorite among conservatives, that it will stop providing web hosting services to the company because of rising threats of violence on the site. Apple also pulled Parler’s app from its platform because it says the company hasn’t shown it is able to deal with posts inciting violence.
“We have always supported diverse points of view being represented on the App Store, but there is no place on our platform for threats of violence and illegal activity,” Apple said in a statement. “Parler hasn’t taken adequate measures to address the proliferation of these threats to people’s safety.” Apple users will still be able to use Parler through web browsers on their phones.
When asked for comment by Barron’s, Amazon didn’t comment directly but referred us to the email obtained by BuzzFeed informing Parler that it was kicking Parlet off its web hosting service. “Recently, we’ve seen a steady increase in this violent content on your website, all of which violates our terms,” an email from AWS’ Trust and Safety team says. “It’s clear that Parler does not have an effective process to comply with the AWS terms of service.”
Google has also removed Parler from its app store, but because of the structure of the Android mobile operating system, users can still download Parler from other sites on the web or access it on the web.—with reporting by Eric J. Savitz
• The U.S. House of Representatives is preparing to impeach President Donald Trump this week, a top Democratic lawmaker said Sunday. House Majority Whip James Clyburn (D., S.C.) said that the articles of impeachment will likely be on the floor of the House by on Tuesday or Wednesday. The content of the articles of impeachment, Rep. Clyburn said, could include both President Trump’s involvement in Wednesday’s riot on Capitol Hill as well as his attempts to overturn the results of November’s election in Georgia.
At least 185 Democrats support impeaching the president. So far only one Republican Sen. Pat Toomey of Pennsylvania, has stated that they support removing Trump from office, but Sen. Lisa Murkowski (R., Alaska) has called on him to resign and Sen. Ben Sasse (R., Neb.) has said he would consider voting to remove the president from office. Sen. Toomey also said that the president should resign. “I think the best way for our country …is for the president to resign and go away as soon as possible,” he said Sunday in an interview on NBC’s ‘Meet the Press.’
Vice President Mike Pence has reportedly not ruled out using the 25th Amendment to remove the president from office, a move that would require his support along with a majority of the cabinet.
Rep. Clyburn acknowledged that impeachment proceedings could limit the Senate’s ability to work on passing Biden’s legislative agenda and floated the idea of the House passing articles of impeachment but then not referring them to the Senate until after Biden’s first 100 days in office.
Write to Ben Walsh at firstname.lastname@example.org