America

Facebook (FB) is no doubt one of the most popular tech stocks out there. The market cap of Facebook as of this writing is 368 B - it's nearly the size of Amazon.

Chinese government officials have warned Donald Trump that he better prepare America for a war with China. According to the state run Chinese newspaper Global Times, the U.S. should “prepare for a military clash,” after US Secretary of State nominee Rex Tillerson called for a blockade of South China Sea islands. Independent.co.uk reports: He “had better bone up on nuclear power strategies if he wants to force a big nuclear power to withdraw from its own territories”, the paper, which is known for writing hawkish editorials, said.

"It doesn’t make sense to can the general in the middle of an active deployment," rages D.C. Council Chairman Phil Mendelson (D) after Maj. Gen. Errol R. Schwartz, who heads the D.C. National Guard and is an integral part of overseeing the inauguration, has been ordered removed from command effective Jan. 20, 12:01 p.m., just as Donald Trump is sworn in as president.

While so far various international and domestic companies have announced, grudginly, they would expand production in the US, and hire US workers, after being called out by president-elect Trump on his  favorite "bully pulpit", Twitter, on Friday the push for insourcing took on an unsolicited twist, when Taiwan's Hon Hai Precision Industry, also known as iPhone maker FoxConn, and one of the largest employers in the world, and its Japanese subsidiary Sharp, have begun studying the possibility of building an LCD panel plant in the U.S., a Sharp executive said Friday cited by Nikkei.

While one can argue that both JPM and Bank of America posted results that were ok, with some aspects doing better than expected offset by weakness elsewhere, even if moments ago JPM stock just hit an all time high, there was little to redeem the report from the scandal-ridden largest mortgage lender in America, Wells Fargo.