Dan talks about the the federal government shutdown with Axios executive editor Mike Allen. Also, in the "Final Two," Dan dives into Facebook complaining about their media coverage and what the future holds for Sears.
President Trump tweeted Monday that the U.S. is set to withdraw its military forces from Syria "at a proper pace," while criticizing what he branded as a "knowingly ... very inaccurate" New York Times story about the timeline for a withdrawal.
"The Failing New York Times has knowingly written a very inaccurate story on my intentions on Syria. No different from my original statements, we will be leaving at a proper pace while at the same time continuing to fight ISIS and doing all else that is prudent and necessary!"
Reality check: The Times story is based on public comments that Trump's national security adviser John Bolton made during a weekend visit to Israel. Bolton stated that the U.S. could not withdraw from Syria without assurances from Turkey that it would not attack America's Kurdish allies there, suggesting a full withdrawal could ultimately take months or years. Trump originally said last month that all U.S. forces would leave Syria within 30 days — prompting worries from international partners and political allies — before agreeing to a slower timetable.
Sears has hired liquidator Abacus Advisory Group to sell the retailer's inventory and other physical assets if takeover negotiations with chairman Eddie Lampert fail, Reuters reports.
The bottom line: While this isn't a final nail in the coffin for Lampert's $4.4 billion rescue effort, it does mean the gravediggers have been summoned. "The billionaire and Sears are racing to resolve the bid’s sticking points before a Tuesday court date after negotiations dragged well beyond a Friday deadline. ... The bid would preserve 425 Sears stores and up to 50,000 jobs across the United States. ... A liquidation would put roughly 68,000 people Sears now employs out of work," write Reuters' Jessica DiNapoli and Mike Spector.
A 12-month certificate of deposit at some U.S. banks now pays more than a 10-year U.S. Treasury note. Northeast Bank's ableBanking offers a rate of 2.90% on its 12-month CD. That's almost 25 basis points more than the 10-year U.S. Treasury yield late Friday.
Why it matters: Since the financial crisis, Americans looking to earn money by saving rather than investing have been out of luck as interest rates available at banks have hovered at close to zero. But those days are over. At least for now.
CBS News senior executive producer and esteemed journalist Susan Zirinsky will replace David Rhodes as president of CBS News, becoming the first woman to head the network beginning in March.
Why it matters: Her appointment comes after a year of reckoning at CBS after its chairman, star anchor and producer were all ousted for accusations of sexual misconduct.
Stitch Fix went public just over a year ago at an impressive $1.4 billion valuation. It's held on to that valuation to this day: The company is now worth about $1.5 billion. The problem, as far as the market is concerned, is how it got here from there.
The big picture: Stitch Fix had a relatively small IPO and found it quite hard to sell its vision of a data-first, ultra-personalized clothing store.
