Feb 2, 2017

Big in Business: it's Facebook's turn

Pablo Porciuncula / AP

Facebook, you're up: Apple was responsible yesterday for pushing the Dow into positive territory — investors were pleased at the brisk pace of iPhone 7 sales. Today, it's Facebook's turn. Stock in the company rose more than 2% after hours last night, following a mobile-driven 50% increase in revenue, and a call with analysts that described plans to leverage the "mega-trend" of online video to drive Facebook's next stage of growth.

Mexico and the U.S. will talk NAFTA in May: The FT reports that the two nations will begin "a formal 90-day process of parallel consultations" with business leaders and other interest groups before meeting in May to begin renegotiating NAFTA. Given the president's significant powers to withdraw from the agreement, the Trump Administration will have the opportunity to show off its negotiating chops.

Small Business stumps for Gorsuch: The National Federation of Independent Businesses issued a full-throated endorsement of Trump's Supreme Court pick. CEO Juanita Duggan tells Axios that small business is particularly attracted to his views on the Chevron doctrine, a precedent that gives federal regulators broad discretion to interpret vague legislation.

Make America efficient again: Data on labor productivity will be released at 8:30am. GDP growth of late has been hampered by slow increases in productivity, so signs of this metric coming to life would be a good sign for 2017.

Go deeper

Deaths without consequences

Community organizations and activists demand police accountability at a rally in Grand Central Terminal to commemorate the 5-year anniversary of Mike Brown's death by Ferguson Police Officer Darren Wilson. Photo: Erik McGregor/Getty Images

Seven years after the launch of the Black Lives Matter movement, it's still rare for police officers to be charged in the deaths of African Americans — and even more rare for an officer to go to jail.

The big picture: The Minneapolis police officer who was captured on video kneeling on George Floyd's neck has been charged with third-degree murder and manslaughter — which is already a step beyond the consequences other police officers have faced. But it's no guarantee that he will face jail time.

Teenager killed after shots fired at protesters in Detroit

Detroit police during protests on Friday night. Photo: Matthew Hatcher/Getty Images

A 19-year-old man was killed on Friday night after shots were fired into a crowd of demonstrators in downtown Detroit who were protesting the death of George Floyd in Minneapolis police custody, per AP.

Details: The teenager was injured when shots were fired from an SUV about 11:30 p.m. and later died in hospital, reports MDN reports, which noted police were still looking for a suspect. Police said officers were not involved in the shooting, according to AP.

Go deeper: In photos: Protesters clash with police nationwide over George Floyd

Updated 7 hours ago - Politics & Policy

In photos: Protesters clash with police nationwide over George Floyd

Police officers grapple with protesters in Atlanta. Photo: Elijah Nouvelage/Getty Images

Police used tear gas, rubber bullets and pepper spray as the protests sparked by the killing of George Floyd spread nationwide on Friday evening.

The big picture: Police responded in force in cities ranging from Atlanta to Des Moines, Houston to Detroit, Milwaukee to D.C. and Denver to Louisville. In Los Angeles, police declared a stretch of downtown off limits, with Oakland issuing a similar warning.