1 big thing: Brexit and bust
With 109 days until a final deadline, the United Kingdom's governing coalition seems unable to finish the Brexit process it launched all the way back in 2015.
Driving the news: Tomorrow’s “meaningful vote” was supposed to deliver our first bit of real clarity on what comes next for both Brexit and PM Theresa May.
- But on the most consequential British issue in decades, she simply doesn’t have the votes. It’s not clear how she can get them — or if anyone else could, Axios world editor Dave Lawler emails.
- The vote is now pushed to an unknown date in the future and May is heading off to Europe to meet with leaders who have said the deal on the table is the only option they’re willing to consider.
What's next: May's options aren't pretty, but there's a waterfall of potential outcomes if Parliament votes no, as the N.Y. Times sketches out...
- The U.K. ask the EU for changes (the EU already said no to this)
- May calls for a new referendum, or a new election
- Parliament calls for a new referendum, or a new election
- May loses power, via resignation or vote of no confidence
- Hard Brexit (the U.K. leaves with no deal)
- The U.K. chooses to remain in the EU
Between the lines, via Felix Salmon: The longer that Britain goes with no idea what’s going to happen on the final Brexit day, the more that fear and uncertainty will eat at the economy. Both the ruling Conservative party and the country as a whole are now effectively leaderless, at a time when effective leadership is of paramount importance.
The bottom line: These options aren't great unless you're clinging to hope for a hard Brexit or a U-turn to Remain, and it's hard to see the benefit for the Brits in delaying much longer.
Go deeper: Lawler will be diving into this mess in his newsletter, arriving in inboxes later tonight. (Sign up here)
2. What you missed
- Emmanuel Macron responded to the "yellow vest" protests by promising a series of financial concessions, including a raise for minimum wage workers, a canceled tax hike for low-income pensioners and a crackdown on tax evasion. Go deeper.
- Google will accelerate the planned shutdown of Google+ after discovering a bug that made it possible for developers to access private information on millions of users. Go deeper.
- The Supreme Court won't hear a case involving funding for Planned Parenthood. Several lower courts have said individual Medicaid recipients can challenge their state governments' efforts to cut off Planned Parenthood's Medicaid funding. Go deeper.
- IPO breakdown: If you're in the mood to read about the Uber/Lyft/Slack IPO countdowns, here ya go.
- The Chinese government will decide this month whether to purchase 5 or 8 million tons of U.S. soybeans, Bloomberg reports.
3. 1 fearless thing
A child stands next to the "Fearless Girl" after a ceremony to unveil the statue's new location across from the New York Stock Exchange. It has been moved from Bowling Green Park, where it stood across the iconic Charging Bull statue for over a year.