⚡ Breaking: China is restricting travel for 40 million people in 10 cities on the eve of Lunar New Year, and is struggling to contain rising public anger over its response to the coronavirus crisis. The death toll rose to 25. (Bloomberg)
Climate change has, quite suddenly, become a lightning rod for business and finance leaders around the world, Axios' Dion Rabouin and Amy Harder report.
The big picture: The world's foremost economic institutions have begun advocating for policies cutting greenhouse gas emissions. This trend is driven by factors that include more extreme weather and greater public pressure.
What they're saying: The Bank for International Settlements — the central bank for central banks — warned in a research paper Monday that climate change could cause "potentially extremely financially disruptive events that could be behind the next systemic financial crisis."
Sen. Patrick Leahy (D-Vt.) leaves the chamber. Photo: Erin Scott/Reuters
Democrats may fall short of the four Republican senators' votes needed to bring new witnesses into President Trump's impeachment trial, 10 senior staffers to key Senate Republicans tell Axios' Alayna Treene and Jonathan Swan.
Why it matters: Calling additional witnesses — in particular Trump's former national security adviser John Bolton — appears to be the Democrats' last hope of inserting even a slight detour into what currently seems like a straight road to Trump's acquittal.
Dems' initial targets include Sens. Susan Collins of Maine, Lisa Murkowski of Alaska, Mitt Romney of Utah, Lamar Alexander of Tennessee, Cory Gardner of Colorado, Thom Tillis of North Carolina and Joni Ernst of Iowa.
Behind the scenes: At a private lunch yesterday, chiefs of staff to Republican senators agreed that one moment backfired on Democrats: when House Judiciary chair Jerry Nadler declared on the Senate floor that any senator who refused to vote for more witnesses would "be complicit in the president's cover up."
Another moment that whipped up outrage in the Republican conference was Schiff's suggestion that the 2020 election result can't be trusted.
President Trump's defense team is considering using just a portion of the 24 hours they're allowed to put on his defense, Axios' Alayna Treene and Stef Kight report.
What we're hearing: Just because Trump's team can use up to three days to present their case doesn’t mean they will.
One thing they all agree on is they don't need to fill the hours just for the sake of it: House prosecutors and former President Bill Clinton's defense team each used fewer than 12 hours during his 1999 trial.
A militia member uses a thermometer gun to take a driver's temperature at a checkpoint at a highway tollgate in Wuhan, China — a city of more than 11 million that's closed off in an unprecedented effort to contain a deadly virus.
Rep. Adam Schiff, the lead House impeachment manager, used archival photos yesterday to illustrate what he called more "normal" foreign-leader calls by U.S. presidents, and flashed numerous other graphics as part of his case:
If Jeff Bezos' phone can be hacked, anyone's can, Axios' Scott Rosenberg writes.
The losers, following reports that the Amazon CEO's phone was compromised in 2018 by a video file in a WhatsApp message from the Saudi crown prince:
Go deeper: Dan Primack's Pro Rata Podcast, "The hack heard round the world"
Tesla overtook Germany's VW as the world’s second most valuable carmaker behind Japan’s Toyota, Reuters reports.
Sen. Bernie Sanders during a break in the impeachment trial. Photo: J. Scott Applewhite/AP
The Iowa caucuses are 10 days away, but early voting in the Democratic race is already open to millions of Americans, AP reports:
Why it matters: Early voting amounts to a parallel campaign.
The keepers of the Doomsday Clock moved the symbolic countdown to global disaster to the closest point to midnight in its 73-year history, citing "existential danger" from nuclear war and climate change. (AP)
N.Y. Times restaurant critic Pete Wells writes that when replying to frequent reader complaints about the decibel level when eating out, he finally "had to admit that I don’t really believe loud restaurants are a problem":
Restaurants are loud because we’re loud. With a few exceptions, when we complain about the noise, we’re complaining about ourselves.
If you believe a restaurant’s primary function is to serve food, then it doesn’t make sense for us to respond by raising our voices. But we go out for other reasons. We go to look around, maybe to be noticed, usually to talk to the people we came with. Some of us want a drink or two ... [A]nd when it all works, we respond by raising our voices.
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