Good Wednesday morning from San Francisco.
Situational awareness ... AP's Zeke Miller in Tokyo: "Vice President Pence said the U.S. is preparing to announce the 'toughest and most aggressive' economic sanctions against North Korea in the coming days, boosting pressure ... during the Winter Olympics."
Snap Inc. announced that it beat Wall Street predictions on earnings and revenue last quarter — surprising investors, who had modest expectations for the company, Axios' Sara Fischer writes:
Be smart: Sara says Snap's Q1 is unlikely to be as stellar as Q4. So Wall Street is nervous this is temporary.
How it's playing ... Reuters headline: "Snapchat overhaul convinces investors it can fight Instagram":
P.S. ... Separate story from Sara Fischer: "Walt Disney Co. CEO Bob Iger announced ... that Disney's new sports streaming package, set to debut this spring, will be priced at $4.99 monthly and will feature live programming, live sports events and other programming like ESPN's popular '30 for 30' series."
"President Trump’s vision of soldiers marching and tanks rolling down the boulevards of Washington is moving closer to reality in the Pentagon and White House, where officials say they have begun to plan a grand military parade later this year showcasing the might of America’s armed forces," the WashPost reports:
It seems increasingly likely that a debt-ceiling increase will be attached to a budget deal that Senate negotiators from both sides hope to announce as soon as today, Axios' Jonathan Swan reports:
Be smart: This means DACA will likely be dealt with — or not — on its own terms and not used as a hostage in a government shutdown staredown.
Luger Raluca Stramaturaru of Romania trains at the Olympic Sliding Center in Pyeongchang-gun, South Korea, ahead of the Winter Games, which open Friday.
"SpaceX launched the world's most powerful operational rocket from Kennedy Space Center in Florida," from the same pad where NASA launched rockets that carried astronauts to the moon, the L.A. Times reports:
Playful payload: This image from video shows a mannequin wearing a SpaceX spacesuit, strapped into the red Tesla launched into space.
Watch more: Axios Sourced video.
"Lightning-fast trading models, automated sell orders and an arsenal of sophisticated algorithms ... are likely to have made a crazy trading day that much crazier," the WashPost reports:
Steve Wynn, 76, "the billionaire gambling mogul and worldwide brand, ... resigned [last] night as chief executive of the casino company he founded, in the wake of accusations of sexual misconduct," the Boston Globe writes:
N.Y. Times Quote of the Day ... Julianne Hughes-Jennet, a lawyer, on the 100th anniversary of women getting the right to vote in Britain:
"The shiny compact disc, once as essential to every living-room music system as a copy of Michael Jackson's Thriller album, is quickly going the way of the eight-track and cassette tape," USA Today reports:
Our thought bubble: Best Buy still sells CDs?!
"Los Angeles biotech billionaire Patrick Soon-Shiong is nearing a deal to buy the Los Angeles Times and the San Diego Union-Tribune from their owner, Tronc," L.A. Times reports on the front page:
"The U.S. Postal Service plans to issue a new stamp [March 23] featuring Mister Rogers, the children's television host known for his zip-up cardigan, sneakers and soothing manner," AP reports: